Pradhan Mantri Kaushal Vikas Yojana 4.0

The Pradhan Mantri Kaushal Vikas Yojana runs under Skill Development Ministry and is implemented by the National Skill Development Corporation. The main objective of the program is to train the youths in areas where there are requirements for Indian industries. Also, the program certifies the youth who are already good at a skill by evaluating them. The complete cost involved in learning the skills is borne by the Union Government. After completing the training, the candidates are assigned jobs. During the Union Budget 2023, the finance minister announced the Pradhan Mantri Kaushal Vikas Yojana 4.0.

About PMKVY 4.0

• The program will train lakhs of youths in the next three years
• The fourth version of PMKVY is to be implemented with industrial partnerships
• Job training will be offered after course completion. The training will also be provided under PMKVY
• New industry courses are to be introduced. This includes Artificial Intelligence, soft skills, robotics, drone technology, 3D printing, the Internet of Things, Mechatronics, etc.
• During PMKVY 4.0, the GoI will open 30 Skill India International Centres.
• Stipend support to be provided to 47 lakhs
• Skill India Digital platform is to be launched

The objective of PMKVY 4.0

To boost the skills of the youths

Month: Current Affairs - February, 2023

Category: Economy & Banking Current Affairs • Government Schemes Current Affairs