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DAILY NEWS ANALYSIS
27 December, 2023
4 Min Read
It is the flagship scheme of the Ministry of Skill Development & Entrepreneurship (MSDE). It was implemented in 2015-16.
Implementation by: National Skill Development Corporation (NSDC).
Objective: To enable a large number of Indian youth to take up industry-relevant skill training that will help them in securing a better livelihood.
Components:
Other Facts:
PMKVY 2.0 (2016-20)
About PMKVY 2.0: After the successful implementation of the pilot PMKVY (2015-16), PMKVY 2.0 was launched in 2016. It was scaled up both in terms of Sector and Geography. The second phase also provides greater alignment with other missions of the government of India like Make in India, Digital India, Swachh Bharat. The scheme was scheduled to end by 31st March 2020. However, it was extended for skilling migrant workers.
Objectives:
PMKVY 3.0
About PMKVY 3.0: The third phase of the scheme will be implemented in 2 phases. 1st phase will be implemented on a pilot basis during the year 2020- 21 known as PMKVY 3.0. The 2nd phase(2021-2026) will initiate the create the implementation
framework.
It is designed towards making skill development more demand-driven and decentralised in its approach. The third phase also focuses on digital technology and Industry 4.0 skills.
Objective: It envisages training 8 lakh candidates over the scheme period of 2020-2021 with an outlay of Rs 948.90 crore.
Key Features:
https://pib.gov.in/PressReleasePage.aspx?PRID=1895304
Pradhan Mantri Kaushal Vikas Yojana 4.0
The Finance Minister announced that Pradhan Mantri Kaushal Vikas Yojana 4.0 will be launched to skill lakhs of youth within the next three years. The scheme will emphasize on On-job training, industry partnership, and alignment of courses with needs of industry. She further highlighted that the scheme will also cover new age courses for Industry 4.0 like coding, AI, robotics, mechatronics, IOT, 3D printing, drones, and soft skills.
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