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To give impetus to the youth and help the 'Amrit Peedhi' realise their dreams, <keyword id="25455" type="General" weightage="80" keywordseo="finance" source="Orion">Finance</keyword> Minister <keyword id="129243" type="General" weightage="80" keywordseo="nirmala-sitharaman" source="Orion">Nirmala Sitharaman</keyword> on Wednesday said that the government has formulated the National Education Policy, focused on skilling, adopted economic policies that facilitate job creation at scale and support business opportunities. In her Budget 2023-24 speech in <keyword id="6354721" type="General" weightage="80" keywordseo="parliament" source="Orion">Parliament</keyword>, the Minister also announced the roll-out of direct benefit transfer under a pan-India National Apprenticeship Promotion Scheme to provide stipend support to 47 lakh youth in three years. The <keyword id="8905174" type="General" weightage="80" keywordseo="pradhan-mantri-kaushal" source="Orion">Pradhan Mantri Kaushal</keyword> Vikas Yojana 4.0 will be launched to skill lakhs of youth within the next three years and emphasise on on-job training, industry partnership, and alignment of courses with the needs of the industry. "The scheme will also cover new age courses for Industry 4.0 like coding, AI, robotics, mechatronics, IOT, 3D printing, drones, and soft skills," <keyword id="679937" type="General" weightage="80" keywordseo="sitharaman" source="Orion">Sitharaman</keyword> said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/budget/news/insurance-policies-where-premium-is-above-5l-no-more-tax-exempt/articleshow/97521396.cms">Insurance policies where premium is above ₹5L no more tax exempt</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/budget/news/income-tax-bonanza-capex-push-emerge-as-the-stars-of-budget-2023-24/articleshow/97521646.cms">Income tax bonanza, capex push emerge as the stars of Budget 2023-24</a>

Budget for stipend to 47 lakh youth under apprenticeship scheme

<ul><li>Indian government’s <keyword id="2473582" type="PERSON" weightage="20" keywordseo="Skill-India-mission">Skill India mission</keyword> has helped nearly 1.5 million people get job placements across the country. </li><li>This is 21% of the 7.2 million people trained in total. </li><li>Candidates from the states of Telangana, Haryana, Punjab and Andhra Pradesh received maximum job placements. </li></ul>As many as 1.5 million people gained skills and jobs too, all due to the country’s Skill India mission. Yet, this number accounts to only 21% of the total trainees — 7.2 million — who enrolled for the programme. The scheme earned jobs to a large chunk of candidates from the states of Telangana, Haryana, Punjab and Andhra Pradesh, BusinessLine <a href="https://www.thehindubusinessline.com/economy/skill-india-72-lakh-trained-15-lakh-got-jobs/article28762048.ece">reported</a>. Uttar Pradesh produced over a million skilled candidates, but only a mere 20% of them were placed. <table style="border-width: initial; border-style: none; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">States </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">Employment rate of trained candidates </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">Telangana </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">29% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">Haryana </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">28% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">Punjab </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">28% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">Andhra Pradesh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">28% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">Maharashtra </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">10% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">Uttar Pradesh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;">20% </td></tr></tbody></table>Source: BusinessLine The <keyword id="2802809" type="PERSON" weightage="20" keywordseo="Pradhan-Mantri-Kaushal-Vikas-Yojana">Pradhan Mantri Kaushal Vikas Yojana</keyword> (PMKVY) is yet another scheme which aims to impart employability skills. The PMKVY 2.0 — which targets to train 10 million people by 2020 — has placed over 1.2 million candidates so far. Within a year of its inception, the scheme enrolled two million people. Of this, over 260,000 people got employment opportunities. The government presently has over 5.2 million candidates registered with the scheme. Rozgar Melas In a recent session in the Parliament, the Union Minister, <keyword id="2627353" type="PERSON" weightage="20" keywordseo="Mahendra-Nath-Pandey">Mahendra Nath Pandey</keyword> said that the government needs to ensure ‘rozgar melas’ for certified candidates every six months to generate employment, BusinessLine reported. In the recent Budget session, the government announced that it will also ensure industry relevant skill training for 10 million youth in India. The focus will be on building skills in technologies like — Artificial Intelligence, Big Data, Virtual Reality, 3D printing and Robotics — to promote higher remuneration. Corporates team up for skills Indian corporates are also taking up training programme, as a part of corporate social responsibility projects. Video platform <a href="https://economictimes.indiatimes.com/tech/internet/tiktok-partners-with-national-skill-development-corporation/articleshow/70226302.cms">Tik Tok</a>, on World Youth Skill Day 2019 said that it will educate its first-time internet users in India. In July, <keyword id="6370971" type="COMPANY" weightage="20" keywordseo="accenture">Accenture</keyword>, Cisco and Quest Alliance joined hands with the government to impart digital skill training to nearly 1.5 million youth across the country. UrbanClap aims to <a href="https://www.businesstoday.in/current/corporate/urbanclap-joins-modi-govt-skill-india-mission-train-30000-professionals/story/364467.html">train 30,000 service professionals</a> jointly with the National Skill Development Corporation (NSDC). The startup claimed that it will create micro-entrepreneurship opportunities for certified candidates. See also: <a href="https://www.businessinsider.in/nasscom-survey-shows-54-percent-indian-workforce-needs-reskilling-27-lakh-digital-jobs-to-be-available-by-2023/articleshow/70271689.cms">India will need 2.7 million digitally-skilled people by 2023 across sectors, not just in IT</a> <a href="https://www.businessinsider.in/hdfc-hiring-5000-professionals-with-annual-package-of-400000-includes-training-program/articleshow/70083666.cms">HDFC Bank to create 5,000 ‘future bankers’ with a digital training programme</a> <a href="https://www.businessinsider.in/hcl-technologies-is-hiring-10000-freshers-including-class-12th-passouts/articleshow/69971601.cms">HCL Technologies is hiring 10,000 freshers — including highschool passouts</a>

Only one in five people trained under government's Skill India Mission found jobs

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Budget for stipend to 47 lakh youth under apprenticeship scheme

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Only one in five people trained under government's Skill India Mission found jobs

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