Skill India is an initiative launched by the Government in 2015 to train over 40 crore Indians in different industry-related jobs. The vision is to create an empowered workforce by 2022 with the help of various schemes and training courses. Part of the Skill India mission is to cater to skill development in India through a result-oriented framework that corresponds with the needs of the industry. Further, Skill India registration involves a straightforward online procedure and allows you to enrol yourself either as a trainer or a candidate.
The Skill India scheme is a smart initiative that works toward the development of the country as a whole. Here’s all you need to know about this mission.
The Pradhan MantriKushalVikashYojna is deemed as Skill India’s flagship skill development scheme. Its objective is to enable youth to take up training in order to secure a better livelihood. Assessment and training fees under this scheme are covered by the Government and individuals with prior experience can get certified.
The components of PMKVY are as follows:
The main objective of the Skill India programme is to provide adequate training in market-relevant skills to over 40 crore youth by 2022. It also aims to create opportunities for the development of talent within the country and improve the overall scope and space also for underdeveloped sectors. It does so with assistance from the National Skill Development Corporation or NSDC.
Various courses are broadly divided into 5 main categories for Skill India Courses, which include:
Management and development programmes: Financial statement analysis, modern office practice, marketing for managers, etc.
Training of trainer: Accreditation program for EM trainers, technology infusion, etc.
Entrepreneurship development programmes: Women EDP, women empowerment, CRR scheme, etc.
Skill development programmes: Dairy based ESDP, carpentry, electroplating, fashion designing, etc.
Other skills: Promotion of micro-enterprises, cluster development also lending strategies for MSMEs, etc.
The Skill India programme has numerous benefits. For instance, with proper skill development, the youth of India can also access better-paying jobs and experience a higher standard of living. Further, with proper development at the grass root level, every sector within the economy will experience equal growth. Lastly, with trained Indians also entering the workforce, better results can be achieved at a quicker pace, which has the potential to boost the country’s economic growth.
The schemes for skill development in India are as follows:
Skills Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP)
Standard Training Assessment and Reward Scheme (STAR)
Vocationalization of Education
Trained candidates can also secure Skill India jobs and use it as a platform to boost their economic status. Alternatively. Also with the skills you learn through the initiative you can also establish yourself. As an entrepreneur and set up a business of your own. However, for a venture such as this, you will need sizable funding. Thankfully, you can also opt for a secured borrowing option like the Bajaj Housing Finance Limited Loan. Against Property and get access to a large sanction at cost-effective interest rates.
You can also get up to Rs.1 crore as a salaried individual and also Rs.3.5 crore if you are self-employed. Further, you can also qualify for this secured loan easily as it has lenient eligibility criteria and repay it conveniently over a flexible tenor of up to 20 years. To expedite the application and hasten the speedy, 72-hour disbursal, check your pre-approved offer for instant approval via a customised deal.
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