Pradhan Mantri Kaushal Vikas Yojana (PMKVY) was launched in 2015 to encourage and
promote skill development inthe country by providing free short duration skill training and
incentivizing this by providing monetary rewards to youth for skill certification.
The aim of the pmkvy scheme is to encourage aptitude towards employable skills and to
increase working efficiency of probable and existing daily wage earners, by giving monetary
awards and rewards and by providing quality training to them.
Average award amount per person has been kept as ₹8,000 (US$110).
Those wage earners already possessing a standard level of skill will be given recognition as
per scheme and average award amount for them is ₹2000 to ₹2500.
In the initial year, a target to distribute ₹15 billion (US$210 million) has been laid down for
the scheme.
Training programmes have been worked out on the basis of National Occupational
Standards (NOS) and qualification packs specifically developed in various sectors of skills.
For this qualification plans and quality plans have been developed by various Sector Skill
Councils (SSC) created with participation of Industries. National Skill Development
Council (NSDC) has been made coordinating and driving agency for the same. [4]
