PMKVY : Scheme Details, Budget, Key Components, Full Form

Building the bright future for our country’s youth might be difficult, but guiding the youth to make their future bright is quite possible. To make this possible, Government of India launched Pradhan Mantri Kaushal Vikas Yojana (PMKVY) under Ministry of Skill Development & Entrepreneurship (MSDE).

PMKVY enables country’s youth to get industry-relevant skill training that further helps them in making their lifestyle better. This scheme helps in the improvement of working efficiency of daily wage earners by distributing monetary rewards and awards, followed by providing free skill training to country’s youth.

“Training and Assessment Fees are completely paid by the Government”

PMKVY Allocated budget of Rs. 12,000 cr (2016-2020) to benefit 10 million youth of India

National Skill Qualification Framework (NSQF) decides the specific skills on the basis of feedback provided from industries that employ the trainees. National Skill Development Council (NSDC) has been driving this scheme since the launch of PMKVY in 2015.

After the implementation of PMKVY, within the first two years a total number of 252 job roles were taken up to impart training. After the two years of the scheme implementation, approximately 15.4 lakh candidates have been certified. Around 5.8 lakh reported placements under the component of short-term training.  Out of 252 job roles, training is imparted for 198 job roles.

Let’s further discuss some of the key components of PMKVY

a) Short-term Training

Under PMKVY there are various Training Centers (TCs) that provide training in areas, such as entrepreneurship, soft skills, and financial and digital literacy. Numerous candidates are benefited from this training program that includes unemployed people and school or college dropouts. The training programs come under National Skills Qualification Framework (NSQF). The time duration of the training program is usually between 150 – 300 hours.

b) Recognition of Prior Learning (RPL)

RPL refers to an assessment process used to evaluate an individual’s existing skill set, knowledge and experience gained either by formal or informal learning. Individuals with prior learning experience or skills are assessed under Recognition of Prior Learning (RPL), which is one of the components of the PMKVY scheme. Presently more than 6 lakh individuals are RPL certified and they are offered bridge courses by Project Implementing Agencies (PIAs) to address their knowledge gaps and make them ready for current market conditions.

Reasons to choose RPL

• It’s free, there is no fee charged for participating in RPL program
• INR 500 is given to each successfully certified candidate
• Free accidental insurance coverage for 3 years to candidates
• RPL provides a government certificate to candidates for their skills
• Individuals get exposure to the concepts of financial and digital literacy 

Click below link to participate in Recognition of Prior Learning (RPL) Program

http://rpldap.pmkvyofficial.org/

 c) Special Projects

Under special projects component, training is provided in special areas or premises of Government bodies, industry bodies and corporate offices. The training will be provided in the special job roles which are not defined under available Qualification Packs (QPs)/National Occupational Standards (NOSs). The terms and conditions are slightly different from the short-term training under PMKVY for any stockholder. The primary objective of Special Projects is to encourage training in weak and sidelined groups of society.

d) Kaushal and Rozgaar Mela

Kaushal and Rozgar Mela is conducted by Training Partners every 6 months with media coverage. PMKVY gives importance to the involvement of the target beneficiaries through a definite mobilisation process. It is essential for Training Partners to actively participate in National Career Service Melas and on-ground activities.

e) Placement Assistance

PMKVY’s training partners provide placement opportunities to individuals certified under this scheme. Training partners should also provide support for the development of entrepreneurs.

The candidate is considered to be placed, if he/she fulfills the following criteria:

• Candidate is certified and placed within the 90 days of certification
• Candidate has successfully completed 3 months of regular employment (self/wage)
• Candidates placed in wage employment are earning at least equal to or above minimum wages, as defined by the state employment guidelines

f) Continuous Monitoring

Empaneled inspection agencies may use various actions to maintain the high standards of quality that include self-audit reporting, call validations, surprise visits, and monitoring through the Skills Development Management System (SDMS). The visiting Inspector has the details of batch timing for a particular center and shall visit during batch hours to check compliance to PMKVY 2016-20 guidelines.

Also Read: All You Need To Know About Pradhan Mantri Mudra Yojana

How PMKVY help to start your own business?

PMKVY specializes in providing skill training to the youth of our country so that they can have a better life. After gaining the skill training, the individual can start his/her own business by taking a business loan or can start a new job by applying the new skill set gained from PMKVY. Business loan is easily available under Mudra scheme and the loan amount ranges between Rs. 50,000 – Rs. 10 lakh to suit the requirement of country’s youth.

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