Page 3 - Skill Development

Public-sector banks concerned over rejection rate in PM Vishwakarma scheme

The restrictions make individuals ineligible if they had taken government loans in past five years

Govt committed to empower youth through skill development: Rajasthan CM

Highlighting the initiatives taken by his government for youth welfare, Chief Minister Bhajanlal Sharma on Sunday said Rajasthan government is committed to empowering youth through employment and skill development. Speaking at the fourth Chief Minister Employment Festival at Birla Auditorium, Sharma stated that the government has taken significant policy decisions to streamline and expedite recruitment processes. He also inaugurated/laid foundation stones of various development projects worth Rs 31,000 crore virtually. "The youth have the right to decide what a developed India should look like," he said, adding that under PM Narendra Modi's leadership, the country has witnessed unprecedented changes in the last decade. Referring to the vision of Swami Vivekananda, who had said in 1893 that the 21st century would belong to India, Sharma said that today, Prime Minister Modi is fulfilling that prophecy. He said that the state government was providing timely opportunities to deserving

Skill ministry asks states to enrol ITI passouts under PM Internship Scheme

The government aims to skill 10 million youths in India's top companies in five years through the internship scheme

Govt to rope in youth volunteers to ramp up enrolment on MY Bharat portal

The Centre will engage youth volunteers to visit colleges across the country and ramp up enrolment on the MY Bharat portal, a one stop platform to empower Indian youth and contribute to realising the prime minister's vision of 'Viksit Bharat' by 2047. Union Minister for Youth Affairs and Sports Mansukh Mandaviya said his ministry has set a target of increasing the registration on the Mera Yuva Bharat (MY Bharat) portal to 5 crore from the current 1.55 crore. Youth volunteers will visit 5,000 colleges across India in the first phase under the MY Bharat initiative to spread awareness about the opportunities that can be availed through the portal, Mandaviya said. "They will deliver presentations to inspire and encourage students to contribute to realising the prime minister's vision of a Viksit Bharat by 2047," he said. The portal offers a wide range of opportunities, including experiential learning, volunteer opportunities and professional tools like CV builder. "Going forward, we a

India, Germany to ink pact on labour mobility, skill recognition next week

Pact will help the Indian workforce to move into non-traditional sectors like teaching, nursing and manufacturing

Honouring Ratan Tata: Maha govt to rename skill university after Ratan Tata

The decision, said the Maharashtra government, is a tribute to Ratan Tata, a renowned industrialist, celebrated for his dedication to social causes, education, and skill development across India

Govt will launch skill voucher system very soon, says top official

The government will soon launch a skill voucher system, Secretary in the Ministry of Skill Development and Entrepreneurship Atul Kumar Tiwari said on Thursday, asserting that the Centre is actively seeking industry partnerships to upgrade 1,000 industrial training institutes nationwide. The ambitious plan, he shared, aims to transform 200 industrial training institutes (ITIs) into hub institutions, with 800 more serving as spoke facilities as part of a major initiative to enhance the country's skill development ecosystem. At Ficci's Global Skills Summit 2024, Tiwari announced that the Ministry of Skill Development and Entrepreneurship would soon launch a skill voucher system. However, the Secretary did not divulge further details on the same. "We would like to work on a system whereby industries can align and partner with us to improve 200 hub ITIs and 800 spoke ITIs," Tiwari stated, adding, "We will launch the skills voucher system very soon as well". The Secretary highlighted tw

Deploy DPIs to help build skilling ecosystem, says FICCI-EY joint report

Speaking at the launch of the report, Anil Sahasrabudhe, chairman, National Educational Technology Forum urged industries to identify partner institutions for skill development

Odisha on path to become leader in skill development, says CM Majhi

Odisha Chief Minister Mohan Majhi on Monday said the state is on track to become a leader in skill development. He made the announcement while congratulating two local youths for their outstanding achievements at the 47th World Skills Competition held in Lyon, France, from September 10 to 15. The two youths are Amaresh Kumar Sahu and Gedela Akhil. Sahu earned a bronze medal in renewable energy, while Akhil received a medallion for excellence in water technology, bringing pride to Odisha on the global stage. Praising the achievements, Majhi in a statement said, "The accomplishments of our skilled youth at the World Skills Competition are a source of immense pride for Odisha. Their success exemplifies the state's commitment to nurturing young talent and developing skills that meet global standards." He also noted that these victories would inspire many others to aim for excellence on a global platform. The Chief Minister also acknowledged the contributions of the institutions that .

MSDE, Swiggy tie up to provide skilling, employment opportunities

The Ministry of Skill Development and Entrepreneurship and Swiggy on Saturday launched an initiative to provide skilling and employment opportunities within Swiggy's food delivery and the quick commerce network. The partnership will benefit 2.4 lakh delivery partners and staff of restaurant partners associated with Swiggy. The initiative will provide employment, internship and training opportunities for people in restaurant operations, and various aspects of retail management. Under the Swiggy Skills initiative, its delivery partner platform will be integrated with Skill India Digital Hub (SIDH), providing access to online skill development courses, certifications, and training modules to Swiggy's workforce. Jayant Chaudhary, Union Minister of State (Independent Charge) for Skill Development and Entrepreneurship (MSDE), said, "Today's partnership showcases how public private partnerships can accelerate and create new avenues for the workforce in the (logistics) sector. There are hu

K'taka okays Rs 100 cr 'Nipuna Karnataka' scheme after local job quota row

The 'Nipuna Karnataka' programme, which includes a Rs 10 crore pilot project, is aimed at boosting the global competitiveness of state's young workforce

How B-schools can shape your career in finance

In this episode of Manager's Mantra, we are joined by Mr. Vishal Bajaj, CA, CS, and MBA, who is the Director - Wealth at Client Associates, a leading wealth management firm.

Upgrading ITIs: Need to make vocational training truly aspirational

A ranking system may encourage private-sector ITIs to improve. But to be meaningful, the starting point needs to be convincing more young people to enrol and getting better job placement guarantees

Soon, NIRF-like ranking for nearly 15,000 ITIs to boost skilling quality

According to government data, as of now, nearly four out of five ITIs are privately run in the country

WB, Telangana govt discuss partnerships in skill development, Net Zero

World Bank backing would give a massive boost to several of the key visions of Chief Minister Revanth Reddy

Will finalise guidelines for upgrading ITI scheme by September-end: Tiwari

He explains the idea behind the scheme and the challenges ahead

Plugging the gap: Will upgrading 1,000 ITIs solve the skilling challenge?

As India upgrades 1,000 ITIs under a new government initiative, questions remain about whether these efforts will be enough to address the skill gap and improve employability among the youth

Union Budget 2024-25 significant milestone for country, says Sicci

The Union Budget 2024-25 is a significant milestone for India, with its focus on skills development, higher education, and the empowerment of youth and women, said the Singapore Indian Chamber of Commerce and Industry (SICCI) on Wednesday. "These initiatives are crucial in preparing the Indian citizenry to tackle the economic challenges of the future," SICCI Chairman Neil Parekh said, commenting on the latest financial package designed to drive the Indian economy forward. "SICCI lauds these efforts announced by India's Finance Minister Nirmala Sitaraman. It commends the Indian government under the leadership of Prime Minister Narendra Modi for its foresight in preparing the younger generation to take India to even greater heights," said Parekh. The Budget has allocated Rs 1.48 lakh crore for education, employment, and skill development initiatives in the country, demonstrating the government's commitment to empowering the youth and enhancing their skills for better employment ...

World Youth Skills Day 2024: Date, history, significance, theme and more

World Youth Skills Day is observed every year on July 15, and was recognised by the United Nations in 2014

Suzuki Motor unveils Rs 340 crore fund to support social impact startups

Japanese automobile firm Suzuki Motor on Thursday launched its first investment fund in India--Next Bharat Ventures--a Rs 340 crore fund dedicated to fostering impact entrepreneurs who create value in Tier-II and below geographies. This Suzuki initiative aims to support social impact startups in the domains of agriculture, financial inclusion, rural supply chains, and rural mobility, through a residency programme. "Next Bharat will invest in growth-stage impact firms and early-stage impact entrepreneurs through its flagship residency programme. In order to improve synergy among our early-stage portfolio, We do Fund of Fund operations, investing in Indian Early Stage Venture Capital firms, this investment will also help in establishing strong strategic synergies for the Next Bharat Impact Fund," Next Bharat CEO and MD Vipul Nath Jindal told PTI. During the 4-month hybrid residency programme, selected impact entrepreneurs will receive extensive mentorship, access to resources, and ...