Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is the flagship outcome-based skill training scheme of the Ministry of Skill Development & Entrepreneurship (MSDE) under Skill India. It is India’s largest skill certification scheme and the objective is to enable and mobilize a large number of Indian youth to take up outcome based skill training and become employable and earn their livelihood.
The scheme was launched by the Prime Minister, on 15th July 2015 - World Youth Skills Day, to skill 1 Crore youth of the country with an outlay of Rs 12,000 crores. It is being implemented across the country through the National Skill Development Corporation (NSDC).
PMKVY will fulfill the dream of a skilled country - skills that make young people, who have been skilled at state of the art training centers or at home or with a craftsperson, ready for the international market or the national industry or for rural needs. It is the first step towards making India the skill capital of the world.
PMKVY (2016 - 2020) is a modified and improved version of PMKVY 2015-2016 with more focus on stringent quality parameters.
Union Cabinet approved the scheme on 15th July, 2016, with a mandate of skilling 1 crore youth of the country.
The overall budgetary allocation for four years of the scheme is INR 12,000 crore.
The PMKVY (2016-2020) Scheme is being implemented by the Centre along with the States. It has two components namely Centrally-Sponsored Centrally-Managed (CSCM) and Centrally-Sponsored State-Managed (CSSM).
CSCM, PMKVY (2016 – 2020): It has three training formats: Short Tem Training (STT), Recognition of Prior Learning (RPL) and Special Project.