Rs. 1,500-crore PMKVY for Skill Development

As big initiatives to bridge the employment gap, Pradhan Mantri’s Kaushal Vikas Yojna (PMKVY) and Employment Exchange for Industries (EEX) to roll out soon.

More than 24 lakh people to be covered for skilling by NSDC as part of PMKVY with a budget of Rs 1,500 crores.

National Skill Development Corporation (NSDC) Managing Director and CEO, Dilip Chenoy, told PTI that they have begun implementing Pradhan Mantri Kaushal Vikas Yojna (PMKVY) to provide skills training to 24 lakh people. The Union Cabinet chaired by Prime Minister Narendra Modi on March 20, 2015 gave its approval for the PMKVY with an outlay of Rs. 1,500 crore. This is the flagship scheme for the skill training of youth to be implemented by the new Ministry of Skill Development and Entrepreneurship.


Related: Why India must upskill its youth


Under this scheme, each person who successfully undergoes the training will also be eligible for a monetary reward of Rs.8,000 (subject to assessment and certification). Skill training will be done based on the National Skill Qualification Framework (NSQF) and industry-led standards.


MeraJob helps skilled candidates and employers connect, to create better hiring outcomes.


Out of the total fund, Rs.67 crores has been earmarked for mobilization efforts to be made through skill melas organised at the local level with participation of the state governments and municipal bodies. Such events and efforts are expected to increase placements of trained candidates.


Related: How you can close the skills gap in your team


MeraJob has partnered with NSDC to ensure better placement of candidates who have undergone training through its skill development partner entities. As a part of this exercise MeraJob reaches out to these candidates through its multi-channel outreach to better understand the candidates preferences and connect jobseekers with employers and companies that are hiring for such roles.


• If you are an employer, you can hire pre-screened candidates at ½ the cost and in ½ the time. You only pay for relevant candidates as helps you identify candidates who are a good fit to your role. The candidate’s intent or keenness for your job is also validated.


Related: Matching Job Creation with Industry Demand is the key to end Unemployment – Skill India Campaign


Employment Exchange for Industries (EEX)

In another development, which clearly indicates the importance of creating more efficient marketplaces for jobseekers and employers, the Ministry of Micro Small and Medium Enterprises (MSME) has announced the launch of Employment Exchange for Industries (EEX).

As with the EEX, MeraJob is at the heart of creating better employment opportunities for jobseekers who have the skills. MeraJob’s employment marketplace is also a step towards linking ‘Skill India’ to ‘Make in India’.


Related: 10 Industry Segments Booming With Jobs


• If you are a jobseeker, create your SmartProfile™ now and find jobs matching your skills, preferences and training.


Related: 15 Lakh Jobs to be created with First Mobile Manufacturing Electronics Cluster in India

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