Cabinet Approves the National Apprenticeship Promotion Scheme [ Current News (Concise) ]
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi. He has approved a National Apprenticeship Promotion Scheme. The Scheme has an outlay of Rs. 10, 000 crore with a target of 50 lakh trainees to be trained by 2019 - 20.
Feature of Scheme:
- The Scheme would be implemented by Director General of Training (DGT) under Union Ministry of Skill Development and Entrepreneurship (MSDE).
- It provides financial incentives to the employers to engage apprentices.
- 25 % of the total stipend payable to a trainee with employers directly by Government of India.
- It is for the first time a scheme has been designed to offer financial incentives to employers to engage apprentices.
- Union Government will also support basic training which is considered an essential component of apprenticeship training.
- 50 % of the total expenditure incurred on providing basic training to an apprentice would be supported by Government of India.
- NAPS will catalyze the all apprenticeship ecosystem in the country.
- It will offer a win-win situation for all stakeholders.
- The scheme is expected to become one of the most powerful skill-delivery vehicle in the country.
Background of National Apprenticeship Promotion Scheme:
- Apprenticeship Training is considered to be one of the most efficient ways to develop skilled manpower for the country.
- This training provides for an industry led, practice oriented, effective and efficient mode of formal training.
Objective of NAPS:
- National Apprenticeship Promotion Scheme aims to achieve the objective of National Policy of Skill Development and Entrepreneurship, 2015 which focuses on apprenticeship as one of the key components for creating skilled manpower in India.
- Published/Last Modified on: July 8, 2016