P M K V Y
Pradhan Mantri Kaushal Vikas Yojana ( PMKVY )
The objective of this Scheme is to encourage skill development for youth by providing monetary rewards for successful completion of approved training programs. Specifically, the Scheme aims to:
Encourage standardization in the certification process and initiate a process of creating a registry of skills
Enable and mobilize a large number of Indian youth to take up skill training and become employable and earn their livelihood. Increase productivity of the existing workforce and align the training and certification to the needs of the country.
Provide Monetary Awards for Skill Certification to boost employability and productivity of youth by incentivizing them for skill trainings
Reward candidates undergoing skill training by authorized institutions at an average monetary reward of Rs. 8,000 (Rupees Eight Thousand) per candidate.
Benefit 24 lakh youth at an approximate total cost of Rs. 1,500 Crores.
Strategy and Approach
The Scheme will provide monetary incentives for successful completion of market-driven skill training and certification to approximately twenty four lakh youth in in a span of one year from the date of implementation of the scheme.
This Scheme shall be implemented through Public-Private and Public-Public partnerships.
NSDC will be the implementing agency for this Scheme.
All trainings and certification under Recognition of Prior Learning will be specifically oriented for developing skills in specific growth sectors.
Assessment and training bodies for all purposes of the Scheme will be separate and no overlap of roles will be allowed to maintain transparency and objectivity.
The monetary reward will be wholly funded by the Ministry of Skill Development and Entrepreneurship, Government of India and will be affected through bank transfer to the beneficiaries’ accounts. For facilitating the smooth disbursement as prescribed under the scheme, the entire money along with the additional implementation fund will be transferred to National Skill Development Fund for further utilization by NSDC.
Sectors Covered with us
Apparel Made-Ups and Home Furnishing Sector Skill Council (AMHSSC)
Agriculture Skill Council of India (ASCI)
Electronics Sector Skills Council of India (ESSCI)
Food Industry Capacity & Skill Initiative (FICSI)
Beauty & Wellness Sector Skill Council (B&WSSC)