Cabinet allocates Rs 12,000 crore to impart skill training to 1 crore people over next 4 years
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) with an outlay of Rs.12000 crore to impart skilling to one crore people over the next 4 years (2016-2020). The PMKVY will impart fresh training to 60 lakh youths and certify skills of 40 lakh persons acquired non-formally under the Recognition of Prior Learning (RPL). The Scheme, completely aligned to the Common Norms by a grant based model where the training and assessment cost would be directly reimbursed to training providers and assessment bodies.
The post placement support would be given directly to the beneficiaries through Direct Benefit Transfer (DBT). Skill training would be done based on industry led standards aligned to the National Skill Qualification Framework (NSQF). Although the mobilisation, monitoring and post training placement of trainees will be done through Rozgar Melas (placement camps) and Kaushal Shivirs (mobilization camps). The PMKVY will, in addition to catering to domestic skill needs, also focus on skill training aligned to international standards for overseas employment in Gulf countries, Europe and other overseas destinations. There will be scholarship for student undergoing training in high end job roles under the Scheme.
So let's discuss some questions related to this post:
1. Name the scheme which has been approved by a union cabinet chaired by PM Modi with an outlay of rs. 12000 crore to impart skilling to one crore people over the next 4 years?
2. The PMKVY will impart fresh training for how many youths and also expand the term PMKVY, RPL, DBT and NSQF?