20 October 2016 Current Affairs: Maharashtra Government has launched Kaushalya SETU (Self-Employment and Talent Utilisation) initiative on 19 October 2016. The initiative, which is a skill development programme for students, is likely to generate employment for as many as 7.5 lakh people in state.
For the purpose of employing skilled people, the state also signed 22 MoUs with various industries. The best part of the initiative is that it would help in bridging the gap between education and employment.
Highlights of Kaushalya Setu initiative : Students of Maharashtra State Board of Secondary & Higher Secondary Education, who fail to clear Class X or SSC exam, would be accommodated in the skill development courses. This will help in ensuring that these students do not lose a year.
The launch will play a leading role in fulfilling Prime Minister Narendra Modi’s Skill India Mission-2020
It is a mechanism launched by the Union Government under NITI Aayog to support all aspects of start up businesses and other self-employment activities, particularly in technology-driven areas. SETU is a Techno-Financial, Incubation and Facilitation Programme.
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