Business

Union Cabinet Approves Rs 8,800 Crore Allocation To Strengthen Skill India Programme

The Union Cabinet approved a significant allocation of Rs 8,800 crore on Friday to bolster the Skill India Programme. Union Minister Ashwini Vaishnaw announced that the funding would enhance the country’s skill development efforts, providing greater opportunities for the youth to acquire industry-relevant skills.

The approved funds will specifically target three key schemes under the Skill India Programme: PM Kaushal Vikas Yojana 4.0 (PMKVY 4.0), PM National Apprenticeship Promotion Scheme (PM-NAPS), and Jan Shikshan Sansthan for Skill Development.

Minister Vaishnaw emphasized the importance of this initiative, stating, “It is a mission of PM Modi to create opportunities for the youth. Therefore, the Rs 8,800-crore Skill India Programme has been approved, with a focus on convergence and quality.”

PM Kaushal Vikas Yojana 4.0: Demand-Driven Skill Development

The PM Kaushal Vikas Yojana 4.0 (PMKVY 4.0) will focus on demand-driven skill development, providing training and certification to young people in industry-relevant fields.

The scheme will also prioritize short-term training programs along with upskilling and reskilling opportunities, ensuring that individuals equipped with the latest skills required in the job market.

Also Read: Union Cabinet Approves New Income-Tax Bill; Aiming For Simplification And Clarity

Meanwhile, the PM National Apprenticeship Promotion Scheme (PM-NAPS) will incentivize industries to hire apprentices, facilitating a smooth transition from school to work through hands-on experience.

This scheme will cover both the manufacturing and services sectors, in alignment with the provisions of the Apprentices Act, 1961.

The Jan Shikshan Sansthan for Skill Development will focus on providing community-based skill training, particularly for marginalized groups, including women and rural youth.

This initiative aims to foster self-employment and local entrepreneurship by offering flexible training opportunities at the doorstep of beneficiaries.

The Rs 8,800-crore allocation underscores the government’s commitment to empowering India’s youth with the necessary skills to thrive in today’s dynamic job market. By enhancing these key schemes, the Skill India Programme aims to address the skill gap and create meaningful employment opportunities across the country.

Richa Kaushik

Recent Posts

Union Minister Kiren Rijiju Inaugurates Jamia Millia Islamia’s 105th Foundation Day & Six-Day ‘Talimi Mela’

Union Minister Kiren Rijiju inaugurated Jamia Millia Islamia’s 105th Foundation Day celebrations and the six-day…

3 hours ago

PM Modi To Unveil 25 E-Buses At Statue Of Unity; Strengthening India’s First E-City Vision

PM Modi will inaugurate 25 new E-buses in Gujarat, on October 31, coinciding with Sardar…

4 hours ago

Nothing Is Affordable Phone 3a Lite: Launch, Design & Key Features

Nothing Phone 3a Lite offers sleek design, 5G performance, and affordability with modern features.

5 hours ago

Pakistan Approves Over 2,100 Visas For Indian Sikhs To Attend Gurpurab 2025

The Pakistan High Commission has granted over 2,100 visas to Indian Sikh pilgrims to attend…

6 hours ago

PM Modi Showcases India’s Maritime Progress; Calls For Global Partnerships

PM Modi urged global investors to invest in India’s growing maritime sector amid global trade…

6 hours ago

Rain Halts India’s Charge As First T20I Against Australia Called Off In Canberra

Persistent rain forced the abandonment of the first T20I between India and Australia at Canberra’s…

7 hours ago