Pradhan Mantri Kaushal Vikas Yojana is an initiative of Indian government to make country’s youth employable and strengthen them economically. The word “Kaushal” refers to Skill and the scheme objective is to encourage skill development for youth by providing them a meaningful, industry relevant, skill based training.
Under the scheme, the beneficiaries who are successfully trained, assessed and certified are awarded financially by the government. There are several skill courses being run by the affiliated training providers under the Kaushal Vikas Yojana.
PMKVY is being run by the Ministry of Skill Development & Entrepreneurship (MSDE) while National Skill Development Corporation (NSDC) is the implementing agency for thescheme. The scheme also seeks to significantly scale up skill training activities in the country and enable skill training to happen at a fast pace without compromising the quality.
Average Reward Amount (Rs.) | Physical Target (Number of trainees in lakh) | Financial target (Rs.in crore) | |
---|---|---|---|
Fresh Trainings | 8000 | 14 | 1120 |
RPL (Recognition of Prior Learning) | 2200 | 10 | 220 |
Sub total | 1340 | ||
Awareness and mobilization (5%) | 67 | ||
Incentives for supplementary mentorship and placement services (5%) | 67 | ||
Administrative expenses (2%) | 26 | ||
Total | 24 | 1500 |
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