With an outlay of Rs 1,500 crore, Pradhan Mantri Kaushal Vikas Yojana (PMKVY) targets to reach out to the 14 lakh candidates for fresh training and 10 lakh candidates for recognition of prior learning (RPL) in its first year of implementation. The scheme will target school dropouts, women and disadvantaged sections of the society. It will also be focussing on the difficult areas like districts affected with left wing extremism (LWE) and North East India.
PMKVY is the flagship outcome-based skill training scheme of the Ministry of Skill Development and Entrepreneurship. The program aims at skill certification and reward to enable and mobilise a large number of youth for outcome based skill training and become employable and earn their livelihood. Under the scheme, monetary reward would be provided to trainees who are successfully trained, assessed and certified in skill courses run by affiliated training providers.
The scheme will be implemented by the National Skill Development Corporation (NSDC). A sub-committee has been formed under chairmanship of CEO, NSDC responsible for day to day implementation of the scheme.