About the scheme

• Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is the flagship scheme of the Ministry of Skill Development & Entrepreneurship (MSDE). The scheme was launched in 2015. 
• The objective of this Skill Certification Scheme is to enable a large number of Indian youth to take up industry-relevant skill training that will help them in securing a better livelihood.
• Individuals with prior learning experience or skills will also be assessed and certified under Recognition of Prior Learning (RPL). 
• Under this Scheme, Training and Assessment fees are completely paid by the Government.
• It aims to align the competencies of the unregulated workforce of the country to the National Skills Qualification Framework (NSQF). 

Why in News?

• The Third Phase of Pradhan Mantri Kaushal Vikas Yojana was launched recently in 600 districts across the country. 
• Spearheaded by the Ministry of Skill Development and Entrepreneurship, this phase will focus on new-age and COVID-related skills.
• Skill India Mission-PMKVY 3.0 envisages training of eight lakh candidates over a scheme period of 2020-2021 with an outlay of Rs 949 crore.

Reference:

1. http://newsonair.com/News?title=3rd-phase-of-Pradhan-Mantri-Kaushal-Vikas-Yojana-launched-in-600-districts-across-the-country&id=407982