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Thursday, September 29, 2022

Kaushal Vikas Yojana – PMKVY

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What Is PMKVY

According to Business Standard, the dropout statistics at different educational stages (basic, upper primary, and intermediate) varied from 4% to 17% in 2014-15. Furthermore, the unemployment level among Indian youngsters is higher than 6.2%. This would not appear to be optimal for a nation like India. As a result, the Government of India created the PM Kaushal Vikas Yojana to lead Indian youth onto a brighter tomorrow.

The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is the hallmark initiative of the Ministry of Skill Development and Entrepreneurship (MSDE) and is managed by the National Skill Development Corporation. The goal of this Skills Certification Program is to allow a huge proportion of Indian youngsters to participate in industry-relevant skills development that would assist individuals to ensure a good life. People having previous education knowledge or abilities will also be evaluated and recognized under the Recognized Prior Learning program (RPL).

Key Goals Achieved

  • This is the cornerstone plan for youth skill training PMKVY that is executed by the government under the Ministry of Skill Development and Entrepreneurship via the National Skill Development Corporation (NSDC). In the 2016-2020 term, the plan covered approximately 10 million youngsters.
  • The government paid for all training and assessment expenses within this program.
  • The National Skill Qualification Framework (NSQF) and industry-led norms is used for skill training not

Key Elements of PMKVY

The following elements are relevant within the third phase of the PM Kaushal Vikas Yojana (PMKVY 3.0):

  • MSDE works with state governments and central ministries to have NSQF accreditation recognized as a requirement for recruiting contracted staff. Also, it aims to implement hiring NSQF-certified workers as a contractual requirement for contractors and suppliers.
  • PMKVY complies with the National Skill Qualification Framework (NSQF) and the Common Cost Norms. All changes to these will require the consent of the Steering Committee.
  • Training Providers are paid in three installments: 30% upon the start of training batches, 30% upon employment confirmation, and 40% upon final certifications. Additional benefits, such as post-placement help, boarding and lodging, transport, and supplementary assistance, are based on Common Cost Norms.
  • Applicants interested in learning more regarding the Pradhan Mantri Kaushal Vikas Yojana may enroll in courses within this program within the same field a maximum of 2 times; the second occasion should be for a job position matched with a better NSQF. This is also relevant for additional training on a separate course in PMKVY, given a 6 months delay between the certificate date of the first program and the launch date of a session of the succeeding program. The compensation is only granted for enrollment and up to two work opportunities for these individuals. This compensation is available to applicants, SSCs, and PIAs.
  • NSDC’s dedicated research unit intends to continually connect both supply and demand while also strengthening the Atma Nirbhar Skilled Employee-Employer Mapping (ASEEM) site.
  • SSCs or other institutional networks will establish Centres of Excellence (CoE) that will serve as resources and training facilities for a certain industry. The objective is to establish at least one CoE for each industry.
  • With the assistance of the MoE, certificate programs have also been offered to institutions in a phased way. This element, which is applied in grades 9 through 12, attempts to expose pupils to skill development possibilities for vocational training positions.

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