- Announced in the Union Budget 2023 to bridge the gap between the skills of unemployable youth and the needs of employers.
- Targets training one crore youth in five years, with the initial phase aiming for one lakh internships by December 2024.
- The pilot project is being undertaken at a cost of ₹800 crore.
Eligibility includes candidates aged 21 to 24 years with qualifications such as high school, higher secondary, ITI certificates, polytechnic diplomas, or graduate degrees (BA, B.Sc, B.Com, BCA, BBA, B.Pharma).
- Excludes post-graduates, professionals (CA, CS, MBBS), children of government employees, and households with income above ₹8 lakh.
- Not open to those from premier institutes like IITs, IIMs, NIDs, and those currently enrolled in Union or State government skilling programs.
- As of the portal’s launch, 111 companies, including Mahindra & Mahindra, Max Life Insurance, and Alembic Pharma, have signed up, offering 1,077 internships.
- AI tools will match candidates’ data with companies’ needs and locations, generating shortlists for companies to consider.
| Pradhan Mantri Kaushal Vikas Yojana (PMKVY) Startup India and Stand-Up India Atmanirbhar Bharat Rojgar Yojana (ABRY) Prime Minister’s Employment Generation Programme (PMEGP) Pradhan Mantri Mudra Yojana (PMMY) Skill India Mission |
Dig Deeper: Read about Periodic Labour Force Survey
