The Union Cabinet has given its approval for allocation of Twelve thousand crore rupees to Pradhan
Mantri Kaushal Vikas Yojana (PMKVY).
The funds will be used to impart skill training to 60 lakh youths and certify skills of 40 lakh persons acquired non-formally. It is the revamped version of the PMKVY, which includes a mechanism to revive the traditional Guru-Shishya approach to train youth with the help of local craftsmen and trade practitioners.
Key Facts
Under this scheme, skill training would be done based on industry led standards aligned to the National Skill Qualification Framework. Besides catering to domestic skill needs, the scheme will also focus on skill training aligned to international standards for overseas employment in European and Gulf countries etc. There will be scholarship for student undergoing training in high end job roles.
Training centres will be categorised on the basis of their infrastructure and past performance. Third party agencies will be also deployed to validate their training efforts and placement records.
Residential programmes will be promoted to youths from north-eastern States, Kashmir Valley, Leh region and Left-wing extremism-affected districts
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