Pradhan Mantri Kaushal Vikash Yojna (PMKVY)
PMKVY is a unique initiative by the Government of India that aims to offer 24 lakh Indian youth meaningful, industry relevant, skill based training. Under this scheme, the trainees will be offered a financial reward and a government certification on successful completion of training and assessment, which will help them in securing a job for a better future.
The objective of this Scheme is to encourage skill development for youth by providing monetary rewards for successful completion of approved training programs. Specifically, the Scheme aims to:
Encourage standardization in the certification process and initiate a process of creating a registry of skills
Enable and mobilize a large number of Indian youth to take up skill training and become employable and earn their livelihood. Increase productivity of the existing workforce and align the training and certification to the needs of the country.
Provide Monetary Awards for Skill Certification to boost employability and productivity of youth by incentivizing them for skill trainings
Reward candidates undergoing skill training by authorized institutions at an average monetary reward of Rs. 8,000 (Rupees Eight Thousand) per candidate.
Benefit 24 lakh youth at an approximate total cost of Rs. 1,500 crores
Steps & Procedures:
Trainee to enroll at a training center with a training partner and select a course of his preference
Trainee to provide relevant information to the Training Partner who captures all the candidate details on SDMS to facilitate training
Undergo assessment at the training center
Receive certificate from the training partner upon successful completion of assessment
NSDC to disburse monetary reward to passed and certified trainees subject to valid Aadhaar authentication
Upon successful assessment, the trainee will be given a certificate as well as a monetary reward of an average of Rs 8,000 per trainee.
Monetary reward for various job roles within a sector varies for different as per job role levels. Higher incentives are being given to training in manufacturing, construction and plumbing sectors.
The monetary reward will be wholly funded by the Ministry of Skill Development and Entrepreneurship, India, and will be effected through direct bank transfer to the beneficiary’s account.
Whom to Contact:
Call Centre: +91 88000-55555