National Policy for Skill Development and Entrepreneurship focuses on training the youth mainly from underprivileged section of the society. Creating a better employment opportunity for them in India as well as in abroad is its prime motto.
In 2015, the Union Cabinet spearheaded by Prime Minister introduced the National Policy for Skill Development and Entrepreneurship. A follow up on the government's 2009 National Policy for Skill Development, the scheme aims at developing the skill of the youth and the employed in the country.
Apart from this, the scheme focuses on instilling a sense of entrepreneurship in the citizens of the country, encouraging self-reliance and giving them opportunities not only in India, but across the globe.
Considering that the stats predict that the world would have a 50% shortage in employment by 2020, the government aims at giving its youth and those hailing from the rural areas and below the poverty line, the opportunity to hone their skills in areas they are interested, inevitably offering them a chance to make something for themselves.
In order to make their vision a reality, the government is adamant on improving the standard with regard to the training for skill development, the facilities required to do so and hand opportunities on a platter to those youth who have the talent to spread their wings across the globe and in India.
For the policy to be a success with the citizens and the youth of the country, the government implemented a nine-part entrepreneurship strategy:
Launched in 2015 by Prime Minister Narendra Modi, the scheme targeted a figure of 40 crore people of India to be trained in various skills by 2022. Since its initiation, citizens across the country have been employed and fulfilling dreams they never could have imagined. For example, the "Indian Leather Development Programme" has trained an approximate of 1.5 lakh people every year. In just 100 days, the programme trained over 50,000 citizens, with most of them being employed by the company just after completing the course.
During the budget 2025, Finance Minister Nirmala Sitharaman has announced the establishment of Five National Centres of Excellence for Skilling to equip youth with essential skills for global job opportunities. She also emphasized global skilling partnerships to position India as a significant player in international manufacturing.
Additionally, infrastructure expansion in IITs established after 2015 will accommodate 6,500 more students across five IITs.
Furthermore, a Centre of Excellence for AI in Education will be set up with a ₹500 crore investment to enhance AI-driven learning initiatives.
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