Pradhan Mantri Kaushal Vikas Yojana - PMKVY
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Indialends, 27 Jul 2023

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Pradhan Mantri Kaushal Vikas Yojana

India is counted as one of the youngest nations in the world constitute more than 62% of its population of the age group of 15-59 years, and around 54% of the population are of below 25 years of age. To avail of the benefit of demographic dividend, India has to take measures to use its workforce with the employable skills and knowledge which will result in the economic growth of the country. The major contribution to economic growth comes from the secondary and tertiary sectors, it raises the demand for skilled manpower.

The Pradhan Mantri Kaushal Vikas Yojana is a flagship scheme launched by the Ministry of Skill Development and Entrepreneurship. The main objective of this skill certification scheme is to allow a large number of India and youth to take up industry-relevant skill training that will help them in securing a better livelihood. The individuals with prior learning or skills are also assessed and certified under the Recognition of Prior Learning(RPL).

Salient features of Pradhan Mantri Kaushal Vikas Yojana

  • Short Term Training
  • Recognition of Prior Learning
  • Special Projects
  • Kaushal and Rozgar Mela
  • Placement Assistance
  • Continuous Monitoring
  • Standardized Branding and Communication

Who all are eligible to apply under Pradhan Mantri Kaushal Vikas Yojana?

  • A person should be a resident of India.
  • Should be unemployed youth, or a drop out of a school or college
  • Must have a valid Aadhaar Card and PAN card
  • In case offering an alternate identity proof, it should be verifiable. It is applicable only in the states of the North-East region and Jammu and Kashmir.
  • Any other criteria, as defined by the SSCs for the respective job roles.
  • College students are not allowed to get enrolled under this PMKVY scheme.  Additionally, in the case of corporates or factory premises, candidates cannot be their employees or daily wagers.

Nature of Assistance

The scheme is aiming to:

  • Encouraging standardization in the certification process and at the same time initiating a process of creating a registry of skills.
  • Enabling and mobilizing a large section of Indian Youth for enrolling themselves in the skill training. It helps them in becoming employable and earning the livelihood. Apart from that, it will also increase the productivity of the existing workforce and align the training and certification of the needs of the country.
  • All the rewards candidates are getting skill training from the authorized institutions at an average monetary reward of Rs 8000 to each of the candidates.
  • To avail of benefit to 24 Lakh youth at an approximate total cost of Rs 1500 Crore.

How to apply online in Pradhan Mantri Kaushal Vikas Yojana?

  • Log in to the Official Website of http://pmkvyofficial.org/
  • On the Homepage, you will see the option of Quick Link.
  • Now, you will see the option of Skill India from this option. You have to click on this option.
  • After this, you will see the option of Register as a Candidate. You have to click on this option.
  • The application form page will be displayed on the screen.
  • Now enter the required like basic Details, second location details, third preferences of training Sector, fourth associated program, and fifth is Interested In, etc.
  • Click on Submit Button for the final submission of the application.

FAQ’s

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Yes, you can apply even with a low CIBIL score, but your chances of approval may be limited. Most banks and lenders prefer a CIBIL score of 750 or above for quick approval and better interest rates. If your score is lower, some lenders may still consider your application based on other factors such as your income, employment stability, or existing relationship with the bank. However, you may be offered a lower loan amount or higher interest rate. Improving your credit score before applying can increase your chances of getting approved on favorable terms.

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