Govt to launch PMKVY-III in next financial year: Skill development minister

The government is planning to launch third phase of its flagship Pradhan Mantri Kaushal Vikas Yojana (PMKVY) in the next financial year, Minister of Skill Development and Entrepreneurship Mahendra Nath Pandey has said.

The government launched the PMKVY scheme in 2015 and revamped it in 2016 to impart skills to one crore persons by 2020.

The revamped scheme, called PMKVY 2.0, moved to a grant-based model where the training and assessment cost would be directly reimbursed to training providers and assessment bodies in accordance with common norms.

According to official data, over 69 lakh candidates have been trained across the country under the PMKVY till November 11.

On asked whether the ongoing scheme will see an extension as 30 per cent of the target is yet to be met, the minister told PTI: "We will be crossing 90 per cent of the target under the ongoing scheme...and as you know, training and skilling the youth are key objectives of the government. We will (also) be coming up with PMKVY-III."