PSU PRESS RELEASE
Pradhan Mantri Kaushal Vikas Yojana for skilling 1 crore youth
NEW DELHI. Cabinet today approved the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) with an outlay of Rs 12,000 crore to impart skilling to one crore people over the next four years (2016-2020).
PMKVY will impart fresh training to 60 lakh youths and certify skills of 40 lakh persons acquired non-formally under the Recognition of Prior Learning (RPL). The training and assessment cost would be directly reimbursed to training providers and assessment bodies in accordance with the Common Norms.
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