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Candidates trained under Pradhan Mantri Kaushal Vikas Yojana 

About PMKVY

  • Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is the flagship scheme of the Ministry of Skill Development & Entrepreneurship to enable a large number of Indian youth to take up industry-relevant skill training.
  • Launched in 2015, PMKVY is implemented by National Skill Development Corporation (NSDC).
NSDC:

  • National Skill Development Corporation is a not-for-profit public limited company incorporated in 2008.
  • NSDC was set up by the Ministry of Finance as a Public Private Partnership (PPP) model. 
    • The Government of India through the Ministry of Skill Development & Entrepreneurship holds 49% of the share capital of NSDC, while the private sector has the balance 51% of the share capital.
  • NSDC acts as a catalyst in skill development by providing funding to enterprises, companies and organizations that provide skill training. 
  • Under PMKVY, individuals with prior learning experience or skills will also be assessed and certified under Recognition of Prior Learning.
  • Skill training is based on the National Skill Qualification Framework (NSQF) and industry led standards.
NSQF:

  • The National Skills Qualifications Framework is a competency-based framework that organizes all qualifications according to a series of levels of knowledge, skills and aptitude. 
  • NSQF in India was notified in 2013. 
  • Under NSQF, the learner can acquire the certification for competency needed at any level through formal, non-formal or informal learning. In that sense, the NSQF is a quality assurance framework.
  • Currently the 4th version of the PMKVY Scheme i.e. PMKVY 4.0 is being implemented as a Central Sector Scheme from 2022-23.

Objectives of PMKVY

  • To impart industry-related skills to the unemployed youth and school/college dropout;
  • To provide financial and placement assistance to trained candidates.

Why in News?

  • Under the PMKVY scheme, since its inception in 2015 till 31.12.2024 a total of 1,60,33,081 candidates have been trained/ oriented.

https://pib.gov.in/PressReleasePage.aspx?PRID=2115272

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