Union Government notifies National Apprenticeship Promotion Scheme

Posted on:02 Sep 2016 09:17:44

Union Government notifies National Apprenticeship Promotion Scheme
02 September 2016 Current Affairs: The Union Government has notified National Apprenticeship Promotion Scheme on 1 September 2016. It is for the first time a scheme has been notified to offer financial incentives to employers.

The Scheme has an outlay of 10000 crore rupees with a target of 50 Lakh apprentices to be trained by 2019-20.

The National Policy of Skill Development and Entrepreneurship, 2015 launched by Prime Minister Narendra Modi focuses on apprenticeship as one of the key components for creating skilled manpower in India. The policy proposes to work pro-actively with the industry including MSME to facilitate tenfold increase opportunities in the country by 2020.

Apprenticeship Training is considered to be one of the most efficient ways to develop skilled manpower for the country. It provides for an industry led, practice oriented, effective and efficient mode of formal training.

Highlights of the National Apprenticeship Promotion Scheme :  It provides for incentivizing employers to engage apprentices.25% of the total stipend payable to an apprentice would be shared with employers directly by Union Government.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 Union Government.

 


Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs May 2017

26 MAY
NEWS
25 MAY
NEWS
24 MAY
NEWS
23 MAY
NEWS

Current Affairs April 2017

29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS
26 APRIL
NEWS

Current Affairs March 2017

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS