News-CRUX-10     14th June 2024        

Context: The Ministry of Skill Development and Entrepreneurship (MSDE) is looking to train around 150,000 women under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY), with a third of them acquiring new-age skills, in the first 100 days of the new government.

Pradhan Mantri Kaushal Vikas Yojana (PMKVY)

  • About: PMKVY is the flagship scheme of the Ministry of Skill Development & Entrepreneurship (MSDE).
  • Launch: 15th July, 2015 
  • Implemented by: National Skill Development Corporation.
  • Funding: Centre and the State level with a 50:50 allocation of funds and targets with more enhanced involvement of District Skill Committees (DSC).
  • Objective: To enable a large number of Indian youth to take up industry-relevant skill training that will help them in securing a better livelihood.
  • Components: Short Term Training, Special Projects, Recognition of Prior Learning, Kaushal & Rozgar Mela, etc.
  • PMKVY 1.0: To promote skill development by offering free short-term training and monetary rewards for youth achieving skill certification.
  • PMKVY 2.0: PMKVY 2016-20 expanded its reach across sectors and geographies, aligning closely with national missions like Make in India, Digital India, and Swachh Bharat.
  • PMKVY 3.0: Launched in 717 districts across 28 States and eight Union Territories, PMKVY 3.0 aligns with the vision of 'Atmanirbhar Bharat'.

oImplements a decentralized structure with enhanced roles for States/UTs and Districts, facilitated by District Skill Committees (DSCs) under State Skill Development Missions (SSDMs).

  • PMKVY 4.0: Local opportunities in the farm and non-farm sectors, as well as skilling requirements of the local industry within each district.

oIt will also seek to address the requirements of industry from emerging sectors such as drones, artificial intelligence (AI), robotics and mechatronics.