- Outlay: Rs. 10,000 crore
- 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)
- 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
- 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
- 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