8.16 lakh candidates benefit from National Apprenticeship Promotion Scheme

The Government of India launched “National Apprenticeship Promotion Scheme” (NAPS) in August 2016 with stipend support and sharing of the cost of basic training with a cumulative target of training 50 lakh youth during Financial Year 2016-17 to 2019-20. Following are the details of financial support components under NAPS:

1. Stipend support:  reimbursement of 25 per cent of prescribed stipend subject to a maximum of Rs 1500 (US$ 21.46)/- per month per apprentice with employers. The stipend support would not be given during the basic training period for fresher apprentices
2. Sharing of cost of Basic Training: @ Rs 7500 (US$ 107.31)/- for a maximum of 3 months or 500 hours in respect of apprentices who come directly to apprenticeship training without any formal trade training. The government is not providing any supplementary fiscal assistance to the States to make NAPS more fruitful.

State/UT-wise, the total number of beneficiaries under NAPS including the state of Tamil Nadu till 25^th February 2020 is given in Annexure-I.

Annexure-I

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.