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What is Pradhan Mantri Kaushal Vikas Yojana (PMKVY Scheme)?

Pradhan Mantri Kaushal Vikas Yojana (PMKVY Scheme)is one of the most productive schemes started by the Government of India under the Ministry of Skill Development & Entrepreneurship (MSDE). PMKVY skill certification program focused on enabling the Indian youth to join industry-based skill training for becoming more employable. This program will entertain individuals who are trying to enter their feet into the industry as well as individuals with the prior learning experience.

Education is a primary factor for a development of a person, but skill-based education is the biggest need of the hour. As India aspires to become a major economic power in the world there is a huge scope for progress in the skill development segment. Today India is known as the youngest country in the world with the major population is below the age of 35. Despite this, India has only 2% skilled workforce compared to South Korea with 96%, China with 45%, the USA with 55%, and Germany with 74%. These figures clearly demonstrate why India rigorously need a skilled based education to move in the direction of becoming a major economy in the world.

Need of Skill Development for Youth of India

Being one of the largest young population in the world, India is on the pathway to experience lucrative opportunities and challenges. With growing industrialization, one needs to cope with the immensely competitive world and there is a huge requirement of a skilled workforce. In the current scenario, big economies of the world are in search of the best-skilled professionals who can handle the complex tasks with grace. Most of the skill developments which were needed ten years back are completely irrelevant in today’s scenario.