Pradhan Mantri Kaushal Vikas Yojana (PMKVY)

Why in news?

• The third phase of Pradhan Mantri Kaushal Vikas Yojana (PMKVY 3.0)  will be launched tomorrow in 600 districts across all states of India.

What is it?

• Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is the flagship scheme of the Ministry of Skill Development & Entrepreneurship (MSDE).
• The objective of this Skill Certification Scheme is to enable a large number of Indian youth to take up industry-relevant skill training that will help them in securing a better livelihood.
• It is implemented by the ministry through the autonomous National Skill Development Council (NSDC).

Working:

• Skill training would be done based on the National Skill Qualification Framework (NSQF) and industry led standards.
• Under the scheme, a monetary reward is given to trainees on assessment and certification by third party assessment bodies.
• Special emphasis has been given to recognition of prior learning.
• It will primarily be focused on a first time entrants to the labour market and primarily target Class 10 and Class 12 drop outs.
• Sector Skill Councils (autonomous industry-led bodies by NSDC) and the State Governments would closely monitor skill training that will happen under PMKVY.

About PMKVY 3.0

• Spearheaded by the Ministry of Skill Development and Entrepreneurship (MSDE), this phase will focus on new-age and COVID-related skills.
• Skill India Mission PMKVY 3.0 envisages training of  eight lakh candidates over a scheme period of 2020-2021 with an outlay of Rs. 948.90 crore.
• The 729 Pradhan Mantri Kaushal Kendras (PMKKs) empaneled non-PMKK training centres and more than 200 ITIs under Skill India will be rolling out PMKVY 3.0 training to build a robust pool of skilled professionals.
• On the basis of the learning gained from PMKVY 1.0 and PMKVY 2.0, the Ministry has improved the newer version of the scheme to match the current policy doctrine and energize the skilling ecosystem affected due to the COVID-19 pandemic.

PRELIMS QUESTION

With reference to Pradhan Mantri Kaushal Vikas Yojna (PMKVY), consider the following:
1.Skill training would be done based on the National Skill Qualification Framework.
2.Individuals with prior learning experience or skills shall be assessed and certified under the Recognition of Prior Learning.
Select the correct answer using the code given below:
(a)1 only
(b)2 only     
(c)Both 1 and 2
(d)Neither 1 nor 2

Answer to Prelims Question