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Which of the following scheme has the objective to skill 1 crore youth in the next three years?

Which of the following scheme has the objective to skill 1 crore youth in the next three years? Correct Answer PM Kaushal Vikas Yojana

Solution

The correct answer is PM Kaushal Vikas Yojana

Key Points

  • Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is the flagship scheme of the  Ministry of Skill Development & Entrepreneurship (MSDE) implemented by the National Skill Development Corporation.
  • The objective of this Skill Certification Scheme is to enable a large number of Indian youths to take up industry-relevant skill training that will help them in securing a better livelihood.
  • Apart from providing training according to the National Skills Qualification Framework (NSQF), TCs also impart training in soft skills, entrepreneurship, and financial and digital literacy.
  • The Special Projects component of PMKVY envisages the creation of a platform that will facilitate training in special areas and/or premises of Government bodies, corporate or industry bodies, and training in special job roles not defined under the available Qualification Packs (QPs)/National Occupational Standards (NOS).

Important Points Start up, stand up

  • Stand-Up India and Startup India are two of such schemes that are specifically made for the entrepreneur minds in the country looking to start their own business enterprises.
  • Stand Up India Scheme facilitates bank loans between 10 lakh and 1 crore to at least one scheduled caste (SC) or Scheduled Tribe, borrower, and atleast one women per bank branch for setting up a greenfield enterprise.
  • This enterprise may be in manufacturing, services or the trading sector.
  • In case of non-individual enterprises at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur.

MGNREGA

  • The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), also known as Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS) is Indian legislation enacted on August 25, 2005.
  • The MGNREGA provides a legal guarantee for one hundred days of employment in every financial year to adult members of any rural household willing to do public work-related unskilled manual work at the statutory minimum wage.
  • The Ministry of Rural Development (MRD), Govt of India is monitoring the entire implementation of this scheme in association with state governments.
  • This act was introduced with an aim of improving the purchasing power of the rural people, primarily semi or un-skilled work to people living below poverty line in rural India.

Deen Dayal Upadhyaay Grameen Kaushalya Yojana

  • The Ministry of Rural Development (MoRD) announced the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) Antyodaya Diwas, on 25th September 2014.
  • DDU-GKY is a part of the National Rural Livelihood Mission (NRLM), tasked with the dual objectives of adding diversity to the incomes of rural poor families and cater to the career aspirations of rural youth.
  • It plays an instrumental role in supporting the social and economic programs of the government like the Make In India, Digital India, Smart Cities and Start-Up India, Stand-Up India campaigns.
DDU-GKY is uniquely focused on rural youth between the ages of 15 and 35 years from poor families.

Related Questions

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