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PMKVY Guidelines

Pradhan Mantri Kaushal Vikas Yojana (PMKVY) 2.0 (2016 – 2020) new guidelines

Pradhan Mantri Kaushal Vikas Yojana Franchise or Pmkvy Franchiseis the flagship outcome-based skill training scheme of the MSDE. NSDC announce Pradhan Mantri Kaushal Vikas Yojana Franchise or Pmkvy franchise new guidelines 2016 . The Union Cabinet has approved the Pradhan Mantri Kaushal Vikas Yojana or Pmkvy franchise or pmkvy 2.0 franchise to provide skills training to youth across the country.
PMKVY (Pradhan Mantri Kaushal Vikas Yojana) comes under the scheme of "Skill India" which was launched by Prime Minister Shri Narendra Modi on 15th July 2015. The PMKVY (Pradhan Mantri Kaushal Vikas Yojana Scheme) was launched to help the youth in India to specialize in different skills. This scheme aims to provide aptitude to the Indian youth towards major skills and raise the standard of working and the efficiency to complete the job. The enrolled students are motivated by giving monetary rewards to increase them and providing them with quality training. The scheme also intends to increase the employment rate from 4.9% in 2014. India has the largest number of youth, and the Pradhan Mantri Kaushal Vikas Yojana Scheme will benefit them and make them the most employable and with better skill sets by the year 2022. PMKVY (Pradhan Mantri Kaushal Vikas Yojana) has been rigorously implemented in states like Bihar to make the X/XII dropouts skilled and employable.
Skills imparted by PMKVY (Pradhan Mantri Kaushal Vikas Yojana) are according to the current job requirements assessed by the National Skill Development Corporation (NSDC). Currently, about 430 job roles are being catered by the Pradhan Mantri Kaushal Vikas Yojana (PMKVY).
PMKVY is Approved for another four years (2016-2020) to benefit 10 million youth, Allocated Budget 12,000 Crores. Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is the flagship scheme of the Ministry of Skill Development & Entrepreneurship (MSDE). The objective of this Skill Certification Scheme is to enable a large number of Indian youth to take up industry-relevant skill training that will help them in securing a better livelihood. Individuals with prior learning experience or skills will also be assessed and certified under Recognition of Prior Learning (RPL).
The Union Cabinet on 13th July 2016, Approved the Pradhan Mantri Kaushal Vikas Yojana(PMKVY) with an outlay of Rs.12000 crore to impart skill training to one crore people over the next four years(2016-2020). Pmkvy will impart fresh training to 60 lakh youths and certify skills of 40 lakh persons acquired non-formally under the Recognition of Prior Learning(RPL). The target allocation between fresh trainings and RPL will be flexible and interchangeable depending on functional and operational requirements, an official statement said.
The Scheme, completely aligned to the common norms as notified earlier, would move to grant based model where the training and assessment cost would be directly reimbursed to training providers and assessing bodies in accordance to the Common Norms.
Financial Support to Trainees will be given in the form of travel allowance, boarding and lodging costs, Post Placement Support would be given directly to the beneficiaries through Direct Benefit transfer(DBT).
Disbursement of training Cost to Training Partners will be linked to Aadhar and Biometrics for Better Transparency and targeting. Skill Training would be done based on industry led standards aligned to the National Skill Qualification Framework(NSQF).

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