In a bid to train qualified youth for employability in technical field, Tamil Nadu Chief Minister J Jayalalithaa today announced 'Amma Scheme for Training and Employment,' which would benefit over 25,000 youth this fiscal.
Making a suo motu statement in the Assembly, she said under the scheme, unemployed youth aged between 18 and 25 years having passed engineering, professional degree and professional diploma would be trained resulting in a job for six months with a stipend of Rs 5,000 paid by the companies.
Once the six month training is over, the government would pay Rs 12,000 to the company. After the training, the skills of the trainee would be tested by National Skills Development Corporation and be certified, she said.
Of the 25,000 persons, who would be trained this fiscal, 30 per cent of the seats would be reserved for women. This scheme would cost Rs 32.50 crore to the exchequer, the Chief Minister said.
There are over 9.68 lakh registered Micro, Small and Medium Enterprises across Tamil Nadu as on March 31 this year.
The Chief Minister also announced the hike of minimum subsidy given to entrepreneurs starting business with a capital between one lakh to five lakh from 15 per cent of Rs 75,000 to 25 per cent or Rs 1,25,000. The government would incur an expenditure of Rs 25 crore per year, Jayalalithaa said.
SIDCO would set up three industrial estates -- Kombai in Dindigul district over 51.26 acre, Thandarai at Kanchipuram district over 43 acre and Punjai Kalakurichi in Karur district over 54.27 acre, in addition to the 97 existing industrial estates across Tamil Nadu, she said.
