House panel flags poor placements, under-utilisation of funds in PMKVY 3.0

The committee is particularly concerned about the third edition of the scheme, as placement figures fall below 10%

The Parliamentary standing committee on Labour, Textiles and Employment has raised serious concern about the poor placement record and under-utilisation of funds in the government’s flagship scheme for skill development.

The Pradhan Mantri Kaushal Vikas Yojana (PMKVY 3.0), now in its third edition, has been implemented by the National Skill Development Corporation (NSDC). Under PMKVY 3.0, out of 399,860 certified candidates only 30,599 (7.7 per cent) were placed as on June 30, 2022. Similarly, in terms of the financial performance, against the total amount of Rs 686.02 crore released, the actual utilisation of funds has been Rs 294.98 crore (43