Millennium Post
Nation

Skill development gets a Rs 1,000-crore boost

The biggest game changer in this budget is the announcement that Rs 1,000 crore would be provided to the National Skill Development Corporation  (NSDC) for giving an award of Rs 10,000 to any student who passes a national skill evaluation examination that NSDC would put into place.

The NSDC has been asked to set the curriculum and standards for training in different skills. Any institution or body may offer training courses. At the end of the training, the candidate will be required to take a test conducted by authorised certification bodies. Upon passing the test, the candidate will be given a certificate as well as a monetary reward of an average of Rs 10,000 per candidate.

Rajan Saxena, vice-chancellor, NMIMS University and co-chair, FICCI, Higher Education Committee said, ‘To increase the demand among youth for vocational education , the FM has incentivised students by giving them a reward of Rs.10,000 after successful completion of the program. This should lead to the growth of Vocational education and help create an ecosystem for vocational education.’

Dhiraj Mathur, Leader Education, PwC India added that in a country where nearly 64 per cent of the population will be of working age by 2021, government’s proposal of setting Rs 1000 crore aside for motivating nearly 10 million youth to voluntarily join skill development programmes and releasing funds from other schemes for skill development activities is a welcome move.
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