What is PMKVY..

PMKVY is a Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is the skill training scheme of the new Ministry of Skill Development & Entrepreneurship (MSDE).

It was launched by Prime Minister Narendra Modi on 16 July 2015 .

The objective  to train over 40 crore people in India in different skills by 2022.

Under the scheme, monetary reward would be provided to trainees who are successfully trained, assessed and certified in skill courses run by affiliated training providers.

The initiatives include National Skill Development Mission, National Policy for Skill Development and Entrepreneurship 2015, Pradhan Mantri Kaushal Vikas Yojana (PMKVY)

 scheme and the Skill Loan scheme.

Key Points:-

Standards- Training will be done against standards (National Occupational Standards - NOS and Qualification Packs - QPs for specific job roles) formulated by industry-driven bodies,

 namely the Sector Skills Councils (SSCs). Third party assessments for skill training will be done based on national (and often) global standards.

Direct Fund Transfer- It will have complete transparent funding of skill training without any intermediaries with monetary rewards directly transferred to the trainees bank account.

 It will ensure financial inclusion with a provision of unique multi-wallet facility linked to debit card and accidental insurance. Aadhaar number will be used for unique identification of each candidate.

Supply side perspective in target fixation: Skill training under PMKVY would essentially target drop out students after class 10 and class 12

and hence these numbers will be taken into consideration while deciding state / district wise targets. There will be special focus on youth in regions affected by left-wing extremists and

from North Eastern States and J&K.

Variable amount of monetary reward: Monetary reward for various job roles within a sector would also vary. This amount would be arrived at after taking various factors like cost of training, willingness of trainees for pay and other relevant factors into consideration. Higher incentives will be given to training in manufacturing, construction and plumbing sectors.

Mentorship support: A mentorship programme will be created in order to support trainees who have successfully completed the training programme and are in the process of looking   for employment opportunities. Training providers will be responsible for identifying mentors who will support and guide trainees in the post-training phase..

Evaluation: Trainee feedback based on validated standard format obtained at the time of assessment will become the key element of the evaluation framework to assess the effectiveness and scale up of PMKVY in future.

Grievance redressal: A proper grievance redressal mechanism would be put in place. Online Citizens Portal would be set up to disseminate information about PMKVY.

This would also serve as a platform for redressal of grievances. The portal would also include a complete database of all available courses and training centres under PMKVY.

The scheme will be implemented through the National Skill Development Corporation (NSDC).

Prime Minister also launched the Skill Loan scheme. Loans ranging from Rs 5,000-1.5 lakhs will be made available to 34 lakh youth of India seeking to attend skill development programmes over the next five years.Sanction letters for the first ever Skill Loans were handed out by the Prime Minister to aspiring trainees