SKILL INDIA

CONTENTSWHAT IS “SKILL INDIA’’?INITIATIVES¢PARTNERSHIP CONCEPT∞RESPONSE€PERFORMANCEWHAT IS PMKVY?LOAN SKILL SCHEMEoNATIONALPOLICY FOR SKILL DEVELOPMENT AND ENTREPRENEURESHIP

WHAT IS “SKILL INDIA’’?

Skill India is a campaign launched by Prime Minister Narendra Modi on 15 July 2015 with an aim to train over 40 crore people in India in different skills by 2022. It includes various initiatives of the government like "National Skill Development Mission", "National Policy for Skill Development and Entrepreneurship, 2015", "Pradhan Mantri Kaushal Vikas Yojana (PMKVY)" and the "Skill Loan scheme".

INITIATIVES

– VARIOUS INITIATIVES UNDER THIS CAMPAIGN ARE

NATIONAL SKILL DEVELOPMENT MISSIONNATIONAL POLICY FOR SKILL

DEVELOPMENT AND ENTREPRENEURSHIP, 2015

PRADHAN MANTRI KAUSHAL VIKAS YOJANA (PMKVY)

o SKILL LOAN SCHEME

PARTNERSHIP CONCEPTUK has entered into a partnership with India under this programme. Virtual partnerships will be initiated at the school level to enable young people of either country to experience the school system of the other country and develop an understanding of the culture, traditions and social and family systems. A commitment to achieve mutual recognition of UK and Indian qualifications was made.

Responses

Oracle on 12 February 2016 announced that it will build a new 2.8 million sq. ft. campus in Bengaluru will be Oracle's largest outside of its headquarters in Redwood Shores, California. Oracle Academy will launch an initiative to train more than half-a-million students each year to develop computer science skills by expanding its partnerships to 2,700 institutions in India from 1,700 at present.

PERFORMANCE•As of 15 February 2016, the "Indian Leather Development Programme" trained 51,216 youth in a span of 100 days and it plans to train 1,44,000 young persons annually. Four new branches of "Footwear Design & Development Institute" — at Hyderabad, Patna, Banur (Punjab) and Ankleshwar (Gujarat) — are being set up to improve training infrastructure. The industry is undergoing acute skill shortage and most of the people trained are being absorbed by the industry.

WHAT IS PMKVY? Pradhan Mantri Kaushal Vikas Yojana

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.

SKILL LOAN SCHEMEA Skill Loan Scheme was -launched by the Hon'ble Prime Minister on 15-07- 2015 with a view to support youth who wish to go through skill training programmes in the country. Bank of India has been the first bank to notify such a skill loan scheme. A copy of the Bank of India Skill Loan Scheme is enclosed. This is based on a Model Skill Loan Scheme circulated by the Indian Banks Association (IBA) vide circular No.CE/209 dated 10-07-2015 (copy-enclosed).— This Skill Loan Scheme replaced earlier IBA Model Loan Scheme for Vocational Education and Training. The model Skill Loan Scheme and application form are attached herewith. The Scheme guidelines and applications forms have been simplified with a view to reclude paper work and ensure sanction and prompt disbursement of skill loans.

NATIONAL POLICY FOR SKILL DEVELOPMENT AND ENTREPRENEURSHIP

The objective of the National Policy on Skill Development and Entrepreneurship, 2015 will be to meet the challenge of skilling at scale with speed and standard (quality). It will aim to provide an umbrella framework to all skilling activities being carried out within the country, to align them to common standards and link the skilling with demand centres. In addition to laying down the objectives and expected outcomes, the effort will also be to identify the various institutional frameworks which can act as the vehicle to reach the expected outcomes.