PMKVY – PRADHAN MANTRI KAUSHAL VIKAS YOJANA
Currently , only a very small proportion of India’s workforce has formal skill training of any kind. Not surprisingly , several sectors of the country's economy face shortage of skilled people and are mired with low productivity due to poor quality of workforce. At the same time, large sections of the country’s youth are looking for economic and livelihood opportunities. In this context, skill development has become a key priority area for the country . This is not only essential for economic development, but would also help to fulfil youth aspirations for good quality , better paid jobs and self-employment opportunities. This would also enable the country to take advantage of its favorable demographic profile. With a large pool of skilled people, India has an opportunity to become a skill provider for the world, particularly the ageing developed world.