The government has planned to pump in over Rs 7,500 crore to set up 1,500 new ITIs and 5,000 skill development centres (SKC) in the country.
The government would set up each of the 1,500 Industrial Training Institutes (ITIs) at a cost of Rs 2.5 crore, while it will spend Rs 75 lakh on every SKC.
"We would provide more than Rs 2.5 crore for setting up each of new 1,500 ITIs in the country especially in naxal affected areas," Minister of State for Labour Harish Rawat told reporters here at a Ficci conference.
Since this would be done under the public private partnership (PPP) mode, other partners, including states and private players would also chip in funds for the new ITIs and SKCs.
"The government is providing Rs 2.5 crore for each existing ITI to convert it into a centre of excellence. But, in case of new ITIs, especially in far flung and disturbed areas, the government would chip in more funds," he added.
Bearing in mind the acute shortage of ITI teachers, the minister said the government would provide viability gap funding to private skill trainers who want to manage the institutes for 20-30 years.
The government is expecting the new 1,500 ITIs to serve about 1,576 blocks where industrial training is not available, particularly the naxal affected areas.