Speed Post News Network
New Delhi: The Union Cabinet chaired by PM Narendra Modi has approved a National Apprenticeship Promotion Scheme. The Scheme has an outlay of Rs 10,000 crore with a target of 50 lakh apprentices to be trained by 2019-20.The Scheme would be implemented by Director General of Training (DGT) under Ministry of Skill Development and Entrepreneurship (MSDE).
It provides for incentivizing employers to engage apprentices and and 5% 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. In addition, it also supports basic training, which is an essential component of apprenticeship training and 50% of the total expenditure incurred on providing basic training would be supported by Government of India. The scheme is expected to become one of the most powerful skill-delivery vehicle in the country.
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.