PMKVY

WHAT IS PMKVY?

Pradhan Mantri Kaushal Vikas Yojana is a unique initiative by the Government of India that aims to offer 24 lakh Indian youth meaningful, industry relevant, skill based training. Under this scheme, the trainees will be offered a financial reward and a government certification on successful completion of training and assessment, which will help them in securing a job for a better future.

The Indian Youth is very industrious and talented. Unfortunately, the lack of formal skill training prevents deserving talent from being employed. PMKVY aims to leverage the potential of India’s demographic dividend by providing skill-training and making every skilled youth employable.

Training will be provided based on industry aligned National Occupational Standards through training providers and Sector Skill Councils. Under PMKVY, candidates will be eligible for a monetary reward, upon successful completion of their training and also clearing the assessment by an independent assessment agency appointed by Sector Skill Council. Moreover the candidates will also receive a government recognized certificate which helps them become gainfully employed.

OBJECTIVES

The objective of this Scheme is to encourage skill development for youth by providing monetary rewards for successful completion of approved training programs. Specifically, the Scheme aims to:

  • Encourage standardization in the certification process and initiate a process of creating a registry of skills
  • 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.
  • Provide Monetary Awards for Skill Certification to boost employability and productivity of youth by incentivizing them for skill trainings
  • Reward candidates undergoing skill training by authorized institutions at an average monetary reward of Rs. 8,000 (Rupees Eight Thousand) per candidate.
  • Benefit 24 lakh youth at an approximate total cost of Rs. 1,500 crores

To know more about Pradhan Mantri Kaushal Vikas Yojna, please visit : www.pmkvyofficial.org

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