Union Cabinet Allocates Rs 12,000 Crore to Pradhan Mantri Kaushal Vikas Yojana


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/Last Modified on: July 15, 2016