Pradhan Mantri Kaushal Vikas Yojana (PMKVY) to be Launched on May 9 by the Prime Minister

The much anticipated skill development scheme Pradhan Mantri Kaushal Vikas Yojana (PMKVY)   will be unrevealed on May 09. Specifically the Scheme aims to encourage standardization in the certification process and initiate a process of creating a registry of skills. It will also enable and mobilize a large number of Indian youth to take up skill training and become employable and earn their livelihood. Increase productivity of the existing workforce and align the training and certification to the needs of the country. Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is the flagship outcome-based skill training scheme of the new Ministry of Skill Development & Entrepreneurship (MSDE). This skill certification and reward scheme aims to enable and mobilize a large number of Indian youth to take up skill training and become employable and earn their livelihood. It will also bring about a paradigm shift from input-based to outcome-based skill training in the country. It also seeks to significantly scale up skill training activities in the country and enable skill training to happen at a fast pace without compromising quality. Institutional arrangements comprising of 2 The National Skill Development Corporation (NSDC), Sector Skill Councils (SSCs), Assessing agencies and Training Partners are already in place for implementation of the scheme.

The Scheme will provide monetary incentives for successful completion of market-driven skill training and certification to approximately twenty four lakh youth in in a span of one year from the date of implementation of the scheme.

ii. This Scheme shall be implemented through Public-Private and Public-Public partnerships.

iii. NSDC will be the implementing agency for this Scheme.

Steering Committee for PMKVY would be responsible for providing direction for implementation of the scheme. The Steering Committee will be empowered to review the framework and make suitable modification as and when required in the scheme. The Committee will oversee dynamic fixation of targets for skilling, amount of monetary reward by job roles, activities related to awareness building and trainee mobilization, mentorship support. The Steering Committee may appoint sub-committees at national or state level (s) to assist in exercise of its functions. It is recommended that sub-committees at the district level are also formed especially to focus on awareness and mobilization activities, as well as for monitoring of the scheme.