The union cabinet has approved India's first integrated National Policy on Skill Development and Entrepreneurship 2015, an official statement said on Thursday.
The policy acknowledges the need for an effective roadmap for the promotion of entrepreneurship as a key to successful skills strategy.
"The vision of the policy is to create an ecosystem of empowerment by skilling on a large scale at speed with high standards and to promote a culture of innovation-based entrepreneurship, which can generate wealth and employment so as to ensure sustainable livelihoods for all citizens in the country," the statement said.
Skill development and entrepreneurship programmes for women are specific focus areas of the policy, it said.
To achieve this vision, the policy addresses key obstacles to skilling, including low aspirational value, lack of integration with formal education, lack of focus on outcomes and low quality of training infrastructure and trainers.
It also seeks to align supply and demand for skills by bridging existing skill gaps, promoting industry engagement, operationalising a quality assurance framework, leverage technology and promoting greater opportunities for apprenticeship training.
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Equity is also a focus of the policy, which targets skilling opportunities for socially/geographically marginalised and disadvantaged groups.
The previous National Policy on Skill Development was formulated by the Ministry of Labour and Employment in 2009 and provided for a review after five years to align the policy framework with emerging national and international trends.