Pradhan Mantri Kaushal Vikas Yojana

About PMKVY

Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is the flagship scheme of the Ministry of Skill Development & Entrepreneurship implemented by National Skill Development Corporation (NSDC). The scheme was launched in 2015.
It is implemented under the Skill India Mission.
The objective of this programme 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.
Skill training is based on the National Skill Qualification Framework (NSQF) and industry led standards.

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.

PMKVY has three key components

Short Term Training (STT): Under this component, training is given to unemployed youths or school/college dropouts in line with the National Skills Qualification Framework.
Recognition of Prior Learning: Under this module, assessment and certification is given to applicants with existing skills or a prior learning experience.
Special Projects: This module has been designed to create a platform that facilitates training for special job roles in government, corporate or industrial bodies.

Why in News?

The Ministry of Skill Development and Entrepreneurship announced that over 27 lakh 87 thousand candidates were skilled under Pradhan Mantri Kaushal Vikas Yojana (PMKVY) between 2020 and 2023.
Out of 12.94 lakh women candidates trained in the last three years, under PMKVY, 2.16 lakh have been reported placed in a job.

About 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.
These levels, graded from one to ten, are defined in terms of learning outcomes which the learner must possess regardless of whether they are obtained through formal, non-formal or informal learning. 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.

About 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.
Its mandate is also to enable a support system which focuses on quality assurance, information systems and train the trainer academies either directly or through partnerships.

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