Govt allocates Rs 1,000 crore for National Skill Development Trust Programme

Introducing the 2014 interim budget in parliament on Monday, Finance Minister P Chidambaram has proposed that Rs 1,000 crore be set aside for 2014-15 in addition to the same amount allocated during the previous year to scale up the programme of the National Skill Development Corporation (NSDC) rapidly.\\r\\n

"The scheme was launched in August 2013 and has been widely hailed as a success. I propose to transfer anotherRs 1,000 crore next year to enable the trust to scale up the NSDC programme rapidly," Chidambaram said in his interim budget speech, adding that a similar amount allocated last year will be wholly transferred to the trust.

In order to leverage the demographic dividend, the government had last year announced the National Skill Certification and Monetary Reward Scheme to encourage youth to voluntarily enroll in institutions by providing them an incentive of Rs 10,000 to undergo training.

The idea was to train 10 lakh youth within a year from the date of implementation of scheme. Besides, the government allocated Rs 100 crore to the India Inclusive Innovation Fund under the ministry of micro, small and medium enterprises.

The Finance Minister also informed the house that 168,043 youth had enrolled and 77,710 completed their training under national skill certification and monetary reward scheme that were launched in August 2013.

Currently, there are 24 Sector Skill Councils, 442 Training Partners and 17 Assessment Agencies as a part of the programme, while 204 job roles have been finalized.

Related opportunities

Kiosks

Nutritap

Nutritap is an Indian unmanned retail company with a global..

Locations looking for expansion Haryana

Establishment year 2017

Franchising Launch Date 2023

View Detail

Investment size Rs. 5lakh - 10lakh

Space required 50

Franchise Outlets -NA-

Franchise Type Unit

Headquater Gurugram Haryana
Juices / Smoothies / Dairy Parlors

Rasna Buzz

Rasna – Mocktail Bar is a revolutionary venue that’s so..

Locations looking for expansion Delhi

Establishment year 1976

Franchising Launch Date 2018

View Detail

Investment size Rs. 5lakh - 10lakh

Space required 70

Franchise Outlets -NA-

Franchise Type Unit

Headquater New Delhi Delhi
Quick Service Restaurants

Smoky and Snacky

Smoky & Snacky offers wide varieties & delicious homemade food..

Locations looking for expansion Karnataka

Establishment year 2023

Franchising Launch Date 2023

View Detail

Investment size Rs. 5lakh - 10lakh

Space required 300

Franchise Outlets -NA-

Franchise Type Unit

Headquater Bangalore Karnataka
Kids Entertainment Zones

INFINITY BLISS LLP

KID’S INDOOR SOFT PLAY AREA Xeno’s Play Space is the brainchild..

Locations looking for expansion Maharashtra

Establishment year 2018

Franchising Launch Date 2023

View Detail

Investment size Rs. 2 Cr. - 5 Cr

Space required 4000

Franchise Outlets -NA-

Franchise Type Unit

Headquater MUMBAI Maharashtra