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In the budget of fiscal year 2017 - 18 the government of India has decided to set aside ₹ 17,000 crore, the highest ever allocation to this sector, in order to boost the Skill India Mission. At least ten million Indian youth enter the country's workforce each year, but the employment creation in India has not been able to absorb this influx ...
The Government of India has social welfare and social security schemes for India's citizens funded either by the central government, state government or concurrently. Schemes that the central government fully funds are referred to as "central sector schemes" (CS).
The aim of the PMKVY scheme is to encourage aptitude towards employable skills and to increase working efficiency of probable and existing daily wage earners, by giving monetary awards and rewards and by providing quality training to them. Average award amount per person has been kept as ₹ 8,000 (US$92). Those wage earners already possessing ...
Stand-Up India was launched by the Government of India on 5 April 2016 to support entrepreneurship among women and SC & ST communities. Stand Up India Loan Scheme is a government initiative launched by the Government of India in 2016 to promote entrepreneurship and facilitate bank loans to Scheduled Caste (SC) / Scheduled Tribe (ST) and women entrepreneurs in the country.
The now-defunct Ministry of Agro and Rural Industries had the objectives of facilitating coordinated and focused policy formulation and effective implementation of programmes, projects, schemes, etc., for improving supply chain management, enhancing skills, upgrading technology, expanding markets and capacity building of entrepreneurs/artisans and their groups/collectives.
The new government at the center in 2014, recognized skill development as an important aspect of the economy and focused on bridging the skill gap of the nation by formulating standards required for quality employment. A dedicated Ministry of Skill Development and Entrepreneurship was formed to look after various activities of skill development ...
The Scheme is operated by both government agencies and private entrepreneurs. [7] 1. The incentive provided to the Kendra owners has been enhanced from existing ₹2.50 lakh to up to ₹5.00 lakh to be given at 15% of monthly purchases made, subject to a ceiling of ₹15,000/- per month. 2.
After the formation of the first government of Narendra Modi on 26 May 2014, the Ministry of Youth Affairs and Sports was renamed as the "Ministry of Skill Development, Entrepreneurship, Youth Affairs and Sports" and was thereupon bifurcated after a cabinet reshuffle on 9 November 2014. The official gazette notification was published on 8 ...