New Delhi,July 15: Prime Minister Narendra Modi will launch Skill India campaign in New Delhi on first ever World Youth Skills Day.
The campaign aims to converge and monitor skill development schemes across the country as well as provide subsidised loans to students for vocational training.
Apart from this, Pradhan Mantri Kaushal Vikash Yojana will also be rolled out on an all India basis on the occasion.
The National Policy for Skill Development and Entrepreneurship will provide policy direction and guidance to all stakeholders. Pradhan Mantri Kaushal Vikas Yojana, will provide financial rewards to candidates who successfully complete approved skill training programmes.
A 'Skill Loan' initiative will be launched, where loans from 5,000 to 1.5 lakh rupees will be available to over 34 lakh youth, over the next five years. About one lakh letters of employment would also be given today to students who have successfully completed their skilling courses.
For the first time, the skills of young people who lack formal certification, will be recognised through an initiative known as 'Recognition of Prior Learning'. Ten lakh youth will be certified under this category over the next one year.
The event will be telecast live across more than ten thousand ITIs, NSDC training centres, select Nehru Yuva Kendras, and some educational institutions in all States and Union Territories in the country. It is likely to be attended by chief ministers of more than a dozen states, captains of industry and senior government officials.