Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is the flagship outcome-based skill training scheme of the Ministry of Skill Development and Entrepreneurship and has been approved by the Cabinet on 20th March 2015. The program aims at skill certification and reward to enable and mobilize a large number of youth for outcome based skill training and become employable and earn their livelihood. Under the scheme, monetary reward would be provided to trainees who are successfully trained, assessed and certified in skill courses run by affiliated training providers.
Outcomes: The scheme has an outlay of Rs 1500 crores and targets to reach out to 24 lakh candidates (14 lakh fresh training, 10 lakh Recognition of Prior Learning-RPL) in its first year of implementation. It will target school drop outs, women and disadvantaged sections of the society. It will also be focussing on the difficult areas like districts affected with LWE and North East.
Progress: The first meeting of the Steering Committee was held on 28.04.2015 under the Chairmanship of Secretary, Skill Development and Entrepreneurship. It was decided that National Skill Development Corporation (NSDC) will be the implementing agency. A Sub-Committee has been formed under chairmanship of CEO, NSDC responsible for day to day implementation of the scheme.