In an attempt to offer industry-relevant skill training to secure employment and livelihood the Pradhan Mantri Kaushal Vikas Yojana, also known as PMKVY came into effect on 16th July 2015. The training offered helps the candidates to improve their efficiency work to earn satisfactory wages.
The fees for the training will be borne by the Government entirely, and the candidates are offered monetary rewards at the end of the certification.
According to the 2019 report, around 72 Lakh individuals have been trained out of which around 51 Lakh placements have been offered to the trainees under this scheme. As per the Kaushal Vikas mission, approximately 10 million youths will be covered by 2020.
The training schedule is fixed under industry standards and following the guidelines of the National Skill Qualification Framework, also known as NSQF.
The key components of the training are –
Recognition of Prior Learning
This is an assessment process used to evaluate the existing skills and experience of an individual attained by informal or formal learning. Being RPL certified, you can access courses by Project Implementing Agencies and address the gaps in your knowledge or skill to train in them. Certified candidates are rewarded with a monetary award worth Rs. 500 along with accidental insurance coverage of up to 3 years.
Kaushal and Rozgar Mela
With cooperation with the Training partners (TPs), Kaushal and Rozgar Mela are conducted every 6 months under media coverage. The Training Partners are to take part in the National Career Service Melas and on-ground activities.
The Training Centres (TCs) under PMKVY offers you exercise on soft skills, entrepreneurship, digital literacy, and financial literacy.
Several unemployed or school drop-outs have benefited from this training and have been successful in their start-up. As a source of finance, you can also avail advances like a loan against property to start your business.
To maintain the quality of the training under PM Kaushal Vikas Yojana, continuous monitoring is carried on, which includes call validations, self-auditing, and monitoring through SDMS (Skills Development Management System.)
What are the benefits of PMKVY courses?
The benefits of this training are numerous, for instance –
- The training is conducted at nominal fees and as per the requirements of the stakeholders. Therefore, candidates have a fair chance of securing a job in PSUs.
- Candidates certified under PMKVY centers have more chances of gaining employment through ‘Kaushal and Rozgar Melas’ organized by the MSDE (Ministry of Skill Development and Entrepreneurship.)
- Trainees who are tutored on soft skills can meet the increasing demand in the BPO sector.
Besides, the quality, performance, and guidance under the Kaushal Vikas scheme can match with the best of vocational institutes of privatized counterparts.
Alternatively, there is always an option to open a new line of business. With a substantial amount of capital – you can kick-start your business on a grander scale. So, opting for secured advances like applying for a Loan Against Property can be a smart financial decision. Not only can you procure a substantial sum but also take advantage of pre-approved offers if you are an existing customer.
Pre-approved offers are applicable on business loans, home loans, personal loans, and numerous other financial products that make availing these credit facilities hassle-free. You can check your pre-approved offer by providing a few basic details like name, mobile number, etc.
Enrolment procedure for Pradhan Mantri Kaushal Vikas Yojana
As there is no online procedure to register under this training program, candidates are requested to follow these steps –
- Log on to their official website.
- Select on ‘Find the nearest training center.’
- Search your training center by location, type of job role and sector.
- After entering the inputs, you will be provided with all the contact details.
- Now the candidate needs to get in touch with the designated center for enrolment.
With this information on the Kaushal Vikas Yojana scheme of its components, benefits and enrolment process – you can take advantage of this training program for your future growth. Further, you can also avail of the vocational training and start your line of business with easy financing like a loan against property.
While you avail such financing do make sure that your repayments are on time. If used properly, these advances can help you successfully kick-start your career with the training provided under PMKVY.