Special funds for skill development The Minister of State (Independent Charge) for Skill Development and Entrepreneurship Shri Rajiv Pratap Rudy has said that there are over 70 skill development schemes across various sectors implemented by over 20 Central Ministries/Departments to promote skilling across the Country. Funds under these schemes are provided by the concerned Ministries/Departments to the implementing agencies including States in accordance with the guidelines issued for the schemes. In a written reply in the Rajya Sabha today the Minister said Ministry of Skill Development & Entrepreneurship has introduced Pradhan Mantri Kaushal Vikas Yojana (PMKVY) with an outlay of Rs. 1500 crore during current financial year i.e. 2015-16 which has the target to benefit 24 lakh persons with training of 14 lakh fresh entrants and certification of 10 lakh persons under Recognition of Prior Learning (RPL). PMKVY is a reward based scheme wherein a monetary reward is directly credited to bank account of trainees on their successful assessment and certification. The scheme is being implemented on pan India basis benefiting States/UTs across the country. So far, Rs. 935 crore have been released to National Skill Development Fund (NSDF) for PMKVY.
