The initiatives launched today include National Skill Development Mission, National Policy for Skill Development and Entrepreneurship 2015, Pradhan Mantri Kaushal Vikas Yojana (PMKVY) scheme and the Skill Loan scheme.
The initiatives were launched to mark the first-ever World Youth Skills Day, where the government set a target of skilling 40.02 crore people by 2022.
At the event, Modi also unveiled the Skill India logo with the tagline -- 'Kaushal Bharat, Kushal Bharat'.
Over the next year, PMKVY will skill 24 lakh youth. The skills of young people who lack formal certification, such as workers in vast unorganised sector, will be recognised.
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Across India, special PMKVY mobilisation camps are being organised at 100 locations with Nehru Yuva Kendra Sangathan (NYKS). A national SMS campaign is being rolled out to build awareness of the program, reaching about 40 crore subscribers. Fresh PMKVY training was initiated in 1,000 centres across all States and Union Territories in India today, covering 50,000 youth in 100 job roles across 25 sectors.
Under the Skill Loan scheme, loans ranging from Rs 5,000-1.5 lakh will be made available to 34 lakh youth seeking to attend skill development programmes over the next five years. Sanction letters for the first ever Skill Loans were handed out by the Prime Minister to aspiring trainees.
Modi also awarded Skill Cards and Skill Certificates to trainees who had recently completed training through the Pilot Phase of PMKVY, which started in May. Such Skill Cards and Skill Certificates will allow trainees to share their skill identity with employers.