March 08, 2021 12:08 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
King of Bengali film dialogues, Mithun Chakraborty wows BJP's Brigade crowd with punchlines, calls himself Cobra | Mithun Chakraborty in Kolkata's Brigade Parade Ground, to share stage with PM Modi | Mamata Banerjee to protest against fuel price hike in Bengal's Siliguri | Muthoot Group chairman George Muthoot fell to death from 4th floor of his house in Delhi | PM Modi to address mega rally in Kolkata's Brigade ground, Mithun Chakraborty likely to attend
Cabinet approves the National Apprenticeship Promotion Scheme

Cabinet approves the National Apprenticeship Promotion Scheme

India Blooms News Service | | 05 Jul 2016, 07:18 pm
New Delhi, July 5 (IBNS) The Union Cabinet chaired by Prime Minister Narendra Modi has approved a National Apprenticeship Promotion Scheme.

The Scheme has an outlay of Rs. 10,000 crore with a target of 50 lakh apprentices to be trained by 2019-20.

The Scheme would be implemented by Director General of Training (DGT) under Ministry of Skill Development and Entrepreneurship (MSDE).

It provides for incentivizing employers to engage apprentices. 25% of the total stipend payable to an apprentice would be shared with employers directly by Government of India.

It is for the first time a scheme has been designed to offer financial incentives to employers to engage apprentices. In addition, it also supports basic training, which is an essential component of apprenticeship training. 50% of the total expenditure incurred on providing basic training would be supported by Government of India, read a government statement.

The Scheme will catalyze the entire apprenticeship ecosystem in the country and it will offer a win-win situation for all stakeholders. It is expected to become one of the most powerful skill-delivery vehicle in the country.