Union Cabinet Allocates Rs 12,000 Crore to Pradhan Mantri Kaushal Vikas Yojana [ Current Affairs ]

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Union Cabinet allocates Twelve thousand crore rupees to Pradhan Mantri Kaushal Vikas Yojana (PMKVY). The funds will be used to impart skilling to one crore people over next 4 years (2016 - 2020).

  • The PMKVY impart skill training to 60 lakh youths and certify skills of 40 lakh persons acquired non-formally under the recognition of Prior Learning (RPL)
Image shows the PMKVY

Image shows the PMKVY

Showing image of PMKVY

  • In this scheme, skill training would be aligned to the National Skill Qualification Framework and based on industry led standards.
  • Scheme for providing to domestic skill needs will also focus on skill training aligned to international standards for external employment in European and Gulf countries etc.
  • In undergoing training in high end job roles there will be providing scholarship for student.
  • Training Centres will be categorized on the basis of their infrastructure, training capacity, past performance and other relevant parameters.
  • Third party agencies will be also organized to validate their training efforts and placement records.
  • For the youth residential programmes will be promoted from north-eastern States, Kashmir Valley, Leh region and Left-wing extremism-affected districts.

About Pradhan Mantri Kaushal Vikas Yojana

  • PMKVY is skill certification and reward scheme.
  • It is the leading outcome-based skill training scheme of the Union Ministry of Skill Development & Entrepreneurship.
  • PMKVY trainees who are successfully trained, evaluated and certified in skill courses run by affiliated training providers will be provided with monetary reward.
  • Independent valuation agency appointed by Sector Skill Council.

Objective of the scheme:

  • The scheme objective is to assist and mobilize a large number of Indian youth to take up outcome based skill training and become employable and earn their livelihood.

Features of PMKVY:

Image shows the features of PMKVY

Image shows the features of PMKVY

showing image of features of PMKVY

- Published on: July 15, 2016