INDIA : Skill Development in India

The Indian government is focusing on promoting entrepreneurship as a viable career option through Pradhan Mantri Kaushal Vikas Yojana (PMKVY). The scheme aims to train 1 crore youths in the next three years

The more we give importance to Skill Development, the more competent will be our youth.

Finance Minister Arun Jaitley has generously allocated Rs 1,804 crore for skill development in India in the Union Budget 2016-17, which will include:

Establishing 1,500 multi-skill training institutes across India (Rs 1,700 crore is allocated for it), and

Iintroducing massive open online courses (MOOCs) for entrepreneurship education and training. These MOOCs will be accessible to everybody through 2,200 colleges, 300 schools, 500 government ITIs and 50 vocational training centres across the country.

The government will also set up a higher education financing agency with an initial capital base of Rs 1,000 crore and create as much as 20 world-class higher educational institutions across India.

To capitalize on our demographic advantage, the government is also focusing on promoting entrepreneurship as a viable career option through Pradhan Mantri Kaushal Vikas Yojana (PMKVY). The scheme aims to train 1 crore youths in the next three years.

Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.

Sectors in which skill development courses are being promoted include:

Agriculture
Automotive
Beauty & Wellness
Banking, Financial Services and Insurance (BFSI)
Capital Goods
Construction
Electronics
Gem and Jewellery
Healthcare
Indian Plumbing
IT/ITes
Leather
Media and Entertainment
Retailers
Rubber
Security
Telecom

Industry and academia have joined hands to set up a National Board for Skill Development Certification. By the end of this financial year, 100 Model Career Centres will also become operational.

To make it easier for youths to find a suitable job and employers to find well-trained employees, the state employment exchanges will be interlinked with the National Career Service Platform. About 35 million job seekers have already registered on this platform.

Also Read: Why this is a good time to start your own business?