Cabinet nod to skill training scheme

Clearing the decks for a flagship scheme for skill training to youth — to be implemented by the Ministry of Skill Development and Entrepreneurship through the National Skill Development Corporation , the Cabinet Friday approved the Pradhan Mantri Kaushal Vikas Yojana with an outlay of Rs 1,500 crore.

“The scheme will cover 24 lakh people. Skill training would be done based on the National Skill Qualification Framework (NSQF) and industry led standards. Under the scheme, a monetary reward is given to trainees on assessment and certification by third party assessment bodies. The average monetary reward would be around Rs 8,000 per trainee,” the government said in a statement.

Of the total outlay of Rs 1,500 crore, as much as Rs 1,120 crore will be spent on skill training of 14 lakh youth and another Rs 220 crore has been earmarked for a special emphasis to recognition of prior learning.

The government said that awareness building and mobilisation efforts would be under focus, for which Rs 67 crore has been provided.

Source:: Indian Express