Economic Survey: Govt skill programme could place only one in 6 candidates

PMKVY 3.0 has had the worst track record, with only 3.6 per cent placement under the scheme

Given the mismatch between demand and supply of labour, the government in 2014 had created a new ministry for skill development and entrepreneurship. The following year, skill development and apprenticeship responsibilities were transferred from the ministry of labour and employment to the new ministry. The government also launched Pradhan Mantri Kaushal Vikas Yojana (PMKVY) to train and certify youth.

While Industrial Training Institutes had been operational across the country, the government expanded the scope by roping in the private sector and enhancing capacity. In its third iteration now, PMKVY has shown mixed results.

While 13.4 million have been trained under