PM launches National Apprenticeship Promotion Scheme in Kanpur

Prime Minister Narendra Modi recently launched National Apprenticeship Promotion Scheme (NAPS) during his recent visit to Kanpur, Uttar Pradesh.
The scheme aims to provide apprenticeship training to over 50 lakh youngsters in order to create more jobs. It has budgetary outlay of Rs 10000 crore.

About National Apprenticeship Promotion Scheme (NAPS)

• NAPS is implemented by Director General of Training (DGT) under the aegis of Union Ministry of Skill Development and Entrepreneurship (MSDE).
• Under it, Central Government for the first time will provide financial incentives to the employers to engage actively in apprenticeship training.
• Central Government will also directly share 25% of the total stipend (maximum of 1,500 rupees per month per apprentice) payable to an apprentice with employers.
• In addition, it will support basic training which is considered an essential component of apprenticeship training.
• The Central Government will bear the 50% of the total expenditure incurred on providing basic training to an apprentice.
• All transactions including registration by employers, apprentices, registration of contract and payment to employers will be made in online mode.

Month: Current Affairs - December, 2016