- 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.
- 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.
- 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.