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WHAT IS “SKILL INDIA’’?
INITIATIVES
¢PARTNERSHIP CONCEPT
∞RESPONSE
€PERFORMANCE
WHAT IS PMKVY?
LOAN SKILL SCHEME
oNATIONALPOLICY FOR SKILL DEVELOPMENT
AND ENTREPRENEURESHIP
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".
UK 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
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.
•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
WHAT IS PMKVY?
 PradhanMantri Kaushal Vikas Yojana is a unique initiative by the
Governmentof India that aims to offer 24 lakh Indianyouth meaningful,
industry relevant, skill based training. Under this scheme, the trainees
will be offered a financial rewardand a governmentcertificationon
successful completionof training and assessment, whichwill helpthem
in securing a job for a better future.
A 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.
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.
Skill India - A Skill Development Campaign

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Skill India - A Skill Development Campaign

  • 1.
  • 2. WHAT IS “SKILL INDIA’’? INITIATIVES ¢PARTNERSHIP CONCEPT ∞RESPONSE €PERFORMANCE WHAT IS PMKVY? LOAN SKILL SCHEME oNATIONALPOLICY FOR SKILL DEVELOPMENT AND ENTREPRENEURESHIP
  • 3. 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".
  • 4.
  • 5.
  • 6. UK 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
  • 7. 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.
  • 8. •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
  • 9. WHAT IS PMKVY?  PradhanMantri Kaushal Vikas Yojana is a unique initiative by the Governmentof India that aims to offer 24 lakh Indianyouth meaningful, industry relevant, skill based training. Under this scheme, the trainees will be offered a financial rewardand a governmentcertificationon successful completionof training and assessment, whichwill helpthem in securing a job for a better future.
  • 10. A 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.
  • 11. 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.