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Cabinet approves Pradhan Mantri Kaushal Vikas Yojana (PMKVY) with an outlay of Rs.12000 crore

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In order to impart skilling to One Crore Indian population in the next four years, PM Narendra Modi unveiled Pradhan Mantri Kaushal Vikas Yojana (PMKVY) with an outlay of Rs.12000 crore. This scheme will impart new skills to 60 lakh people and also make certifications to 40 lakh people acquired under the Recognition of Prior Learning.

pmkvy kaushal vikas yojana

  • In this Scheme, the training and assessment cost will be directly given to the training providers and assessing bodies as per the common norms.
  • The financial assistance to the trainees is to be disbursed through the DBT – Direct Benefit Transfer scheme in the form of travel allowance, boarding and lodging fee.
  • At the same time, the subsidy disbursement mandates the link of Aadhar and Biometric for transparency and better transmission.
  • In a nest step of addressing the skill requirements in different states, State Governments would be involved through a project based approach under the PMKVY 2016-20 with 25% of the total training targets as both physical and financial forms.

General guidance, supervision and job arrangements for the trained people will be made through

♦ Rozgar Melas (placement camps)
♦ Kaushal Shivirs (mobilization camps).

This target allocation between fresh training’s and RPL will be flexible and interchangeable depending on functional and operational requirements.

Another proposal for a non formal training is also proposed. There will be special focus on placement of trainees with incentives/disincentives linked to placement as advised.

Under this scheme, scholarship will be awarded to the training in high end job roles. Apart from satisfying the domestic needs, this training also focuses training standards for overseas employment in Europe, Gulf and other global hotspots.