Skill development projects by companies will now be considered as corporate social responsibility (CSR) activity, parliamentary affairs minister M Venkaiah Naidu has said.
Speaking at the National Industry Conclave on Skill organised by the Ministry of Skill Development in association with Confederation of Indian Industry (CII) in Mumbai, Naidu said, “we met the top officials of companies like Tata, Reliance, Mahindra & Mahindra, TVS and public sector banks industry to exchange ideas on larger participation of private sector in skill development in India.”
Naidu said that the government has asked the banks to join the funding schemes for such initiatives. “Tax incentives would be provided to corporates who set up skill development centres as also land allotment for such purposes by rural and urban local bodies,” he said.
He said that the firms have assured that they will play a larger role in upgrading the skills of people under the Pradhan Mantri Kaushal Vikas Yojana.