Skilled workers are attracting several industrial investments like Foreign Direct Investment (FDI).
India is emerging as a knowledge-based economy, requiring new generation of skilled and educated people. Entrepreneurs are looking to invest in institutions providing skill developments, essential for training the required population.
Pradhan Mantri Kaushal Vikas Yojana is one initiative which is enhancing the development of skills among the population of India. The objective of this Scheme is to enable a large number of Indian youth to take up industry-relevant skill training that will help them in securing a better livelihood. Under this Scheme, Training and Assessment fees are completely paid by the Government.
Rise in job opportunities
Possession of specialized skill sets provides opportunities, resulting in an increase in employment opportunities. Initially, entrepreneurs used to hire people despite lacking in several skills. But, the story is no more the same. In today’s time, base level skill qualification is required even at the entry level.
Experts claim that inheriting skills will make you stand tall and apart from the crowd, creating opportunities for yourself. Briefly, specialized skills widen the job opportunities.
Acquiring a new set of skills often leads to empowerment as an individual. It is believed to boost morale and confidence, which clearly reflects a person’s attitude and productivity. In addition, time management, communication skills, and networking can be learned by acquiring several skills.
In the end, a skilled employee wins the competition, turning them into a true professional.
Introduction of skilled programs at workforce
To encourage enterprise and boost employment creation, skilling programmes are coming up with specialized courses on entrepreneurship in different sectors. Instead of training students to work under someone, these programmes focus on leadership and innovation.
Only a confident and competent workforce can drive the economy successfully and meet the international standards of quality performance.