Prime Minister Narendra Modi is set to launch the Skill India mission on World Youth Skills Day — July 15 that aims to converge and monitor skill development schemes across the country as well as provide subsidised loans to students for vocational training.
“The Prime Minister will formally launch the National Skill Development Mission, unveil the new National Policy for Skill Development and Entrepreneurship 2015, and roll out on all-India basis, the ministry’s flagship scheme Pradhan Mantri Kaushal Vikas Yojana (PMKVY),” said Rajiv Pratap Rudy, Minister of State for skill development and entrepreneurship on Monday.
The event, expected to be on the lines of the ‘Shrameva Jayate’ and ‘Make in India’ campaigns, is likely to be attended by chief ministers of more than a dozen states as well as captains of industries and senior government officials. The Union Cabinet has already approved the National Policy for Skill Development and Entrepreneurship as well as the PMKVY, which is already being run on a pilot mode.
“PMKVY will skill 24 lakh youth, across India, over the next one year,” Rudy said, adding that skills of unorganised sector workers would be formally be assessed and certified through the ‘Recognition of Prior Learning’ facility. Additionally, the government will also launch a ‘skill loan’ initiative where loans ranging from Rs 5,000 to Rs 1.5 lakh will be available to more than 34 lakh youths of India, who seek to attend skill development programmes over the next five years.
About one lakh letters of employment would also be given on the day to students who have successfully completed their skilling courses.
Skill India has been finalised more than a year after NDA was elected to office and is aimed at skilling labour force to improve their employability and provide trained workers for the related ‘Make in India’ campaign .