NSDC begins implementation of Rs 1500-cr Kaushal Vikas Yojna

The National Skill Development Corporation has begun implementing Rs 1,500-crore Pradhan Mantri Kaushal Vikas Yojna (PMKVY) to provide skills training to 24 lakh people, including youth.
National Skill Development Corporation (NSDC) Managing Director and CEO Dilip Chenoy told this to PTI yesterday on the sidelines of ITM Technovision 2015, an international conference on skill development, cyber security & clean & smart village, organised by ITM group of Institutes here.
According to him, the Union Cabinet chaired by Prime Minister Narendra Modi on March 20 gave its approval for the PMKVY with an outlay of Rs 1,500 crore, and the implementation of which began two days ago.

"This is the flagship scheme for skill training of youth to be implemented by the new Ministry of Skill Development and Entrepreneurship through the National Skill Development Corporation (NSDC).
The scheme will cover 24 lakh persons. Skill training would be done based on the National Skill Qualification Framework (NSQF) and industry-led standards.
Under the scheme, a monetary reward is given to trainees on assessment and certification by third party assessment bodies. The average monetary reward would be around Rs 8,000 per trainee.

Out of the total outlay, Rs 1,120 crore is to be spent on skill training of 14 lakh youths, and special emphasis has been given to recognition of prior learning for which an amount of Rs 220 crore has been provided, he said.

For awareness building and mobilisation efforts Rs 67 crore has been provided. Mobilisation would be done through skill melas organised at the local level with participation of the state governments, municipal bodies, Panchayati Raj Institutions and community based organisations.
Chenoy said the focus under the scheme is on mentorship support and placement facilitation for which an outlay of Rs 67 crore has been provided.
An allocation of Rs 150 crores has been done for training of youth from the Northeast region.
"Highlights of skill training is that it would be done on the basis of demand, assessed on the basis of recent skill gap studies conducted by the NSDC for the period 2013-17. For assessment of demand of central ministries/departments/state governments, industry and businesses would be consulted.