Target: 50 lakh apprentices to be trained by 2019-20
Implementing Agency: Director General of Training (DGT) under Ministry of Skill Development and Entrepreneurship (MSDE)
Incentivising employers:
It incentivises employers to engage apprentices
25% of the total stipend payable to an apprentice would be shared with employers directly by Government of India
It is for the first time a scheme has been designed to offer financial incentives to employers to engage apprentices
Basic training:
It also supports basic training which is an essential component of apprenticeship training
50% of the total expenditure incurred on providing basic training would be supported by Government of India
Benefits:
Will catalyze the entire apprenticeship ecosystem in the country and will offer a win-win situation for all stakeholders
It is expected to become one of the most powerful skill-delivery vehicle in the country
Why Apprentices Training?
Apprenticeship Training is considered to be one of the most efficient ways to develop skilled manpower for the country
It provides for an industry led, practice oriented, effective and efficient mode of formal training
The National Policy of Skill Development and Entrepreneurship, 2015 launched by the Prime Minister focuses on apprenticeship as one of the key components for creating skilled manpower in India.
The present scheme also aims to achieve the objective as stated in the National Policy, 2015
The policy proposes to work pro-actively with the industry including MSME to facilitate tenfold increase opportunities in the country by 2020-20
