Prime Minister Narendra Modi has launched the ambitious Skill India Mission and proposed declaring India as the ‘Human Resource Capital’. The mission is aimed at promoting entrepreneurship and training around 500 million Indians with appropriate skills to find jobs.
The policy named ‘National Policy for Skill Development and Entrepreneurship 2015’ will be like a war against poverty, which will mainly concentrate on empowering the workforce which has been left out of the mainstream education system by incentivising skill training through financial rewards.
A target to skill 24 lakh workers for 2015 and 40.2 crore by the year 2022 has been set by the government. The mission will be led by a governing council which will be chaired by the PM and include ministers for finance, skill development and entrepreneurship, human resource development, rural development, labour and employment, overseas affairs and information technology.
Through this programme, the Prime Minister wants the Industrial Training Institutes (ITIs) to have the same power as the Indian IITs.
Among the invitees were Finance Minister Arun Jaitley, Defence minister Manohar Parrikar, Railways Minister Suresh Prabhu, Health and Family Welfare Minister J P Nadda and Minister of State (independent charge) Skill Development and Entrepreneurship Rajiv Pratap Rudy.
The plan will include a redesigned Model Skill Loan Scheme, a Skill Card for people who are a part of the Pradhan Mantri Kaushal Vikas Yojana. Revealing shocking figures, only 4.7 percent of India’s 487 million-strong workforce has formal vocational education.