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Skill development ministry's flagship scheme to focus on new age skills

The government plans to put in place structures and incentives that would enable skilling in new age technologies across sectors under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY).

, ET Bureau|
Updated: Jul 15, 2019, 07.58 AM IST
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NEW DELHI: The skill development and entrepreneurship ministry may recast its flagship skilling programme following the announcement in the Union budget regarding focus on new age skills to help youths get jobs overseas and to cope with changing job roles in India.

The government plans to put in place structures and incentives that would enable skilling in new age technologies across sectors under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY).

A senior government official told ET that existing schemes are under review as part of the rationalisation of centrally sponsored schemes being undertaken by the NK Singh-led 15th Finance Commission. “With the budget announcement there is a renewed urgency to review and revamp PMKVY,” the official said. “We hope to put in place new programme/scheme by the third quarter.” Reskilling and upskilling could also be the focus under the flagship scheme, said the official. The government aims to create a workforce which is capable of accessing new opportunities and insulate it from technological shocks. The BJP manifesto also outlined reskilling as a priority.

Staying-up-to-date


The lifecycle of centrally sponsored schemes is co-terminus with that of the 14th Finance Commission, which comes to an end on March 31, 2020. The commission is undertaking a fundamental review of all the schemes including duplication, congruence between outlay and desired outcomes, and even a possible financial threshold for these schemes.

Last week, the skill development and entrepreneurship ministry announced reforms to its apprenticeship training programme to bring more and more youth into its fold.

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