Let’s Know About Pradhan Mantri Yuva Yojana Schemes

Pradhan Mantri YUVA Yojana Schemes is a centrally sponsored Scheme on entrepreneurship education and training being implemented by the Ministry of Skill Development and Entrepreneurship, Government of India. Pradhan Mantri YUVA Yojana is specially sponsored scheme which is developed and implemented by Ministry of Skill Development and Entrepreneurship, Government of India. All funding is providing by the State, and the Central Government for this scheme is Rs.499.99 crores. The primary objective of the Pradhan Mantri Yuva Yojana scheme is to make all young Indian eligible entrepreneurs in India self-sustainable.

The purpose of starting skill improvement programmes in our country is to train around 40 crore people in different vocational areas by the end of the year 2022. Accordingly, the government launched four separate initiatives to brush up talents of the unskilled Indian youth.

PMKVY – The Flagship Idea of Centre

The launching of these programmes marked the World Youth Skills Day where the government targeted around 40.2 crore people to get skilled till 2022. The flagship scheme PMKVY looks forward to incentivizing the skill training while offering financial rewards to such participants who are successfully able to complete the vocational programmes. It is estimated that the flagship initiative is about to train at least 24 lakh youth in a year. Under this, the talents of young minds working in the unorganized sector would be recognized through the skill development initiatives in India.

What The Project Holds?

Such workers generally lack formal certification and therefore, need to be recognized to get their due while they are employed. The particular PMYY scheme also organizes mobilization camps across India in collaboration with the Nehru Yuva Kendra Sangathan, a skill development NGO to offer them training in groups.

Programme Success and RPL

The scheme has already organized such camps at almost 100 locations till now, and a nationwide SMS campaign has already been rolled out to reach the 40 crore prospective subscribers. This resulted in the government reaching out to 1,000 centers across various regions of our country and cover about 50,000 youth in at least 100 separate job roles throughout the 25 sectors. Approximately 10 lakh youth are to be assessed as well as certified through the skill development initiatives. Skill Loan Scheme for the Needy

The Pradhan Mantri Yuva Yojana Scheme sanctioned loans to almost 34 lakh youth who are seeking to opt for skill development programmes in the next five years. They have been doled out money between 5,000 to 1.5 lakh for getting enrolled in the vocational plans. After finishing with the training, skill certificates and cards are awarded to the candidates on successful completion of their course. This allows the trainees to share their talent identity with employers and get exposure while looking for employment.

To this date, about 2,33,000 youth received certificates from institutes offering industrial training and almost 18,000 and above graduates got placed into jobs. And, the number is still counting with more such institutions coming up.

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