Indian Economy News

Govt draws roadmap for skill development

New Delhi: The government has drawn up an ambitious roadmap to enhance skill levels of millions of people who join the queue of job hopefuls every year.

The plans involves integrating skill enhancement and entrepreneurship in the syllabi at the school level, set up 2,500 multi-skilling institutions in the public private partnership mode, and set up institutes of entrepreneurship development in various centres including upcoming smart cities among others.

The plan also includes setting up skill universities (one for each region including one in north-east) to develop large numbers of qualified instructors, reform and reorient existing industrial training institutes (ITIs) with industry-driven relevant curricula and leverage 25% of corporate social responsibility (CSR) funds and defence offset in skill development projects.

A National policy on skill development and entrepreneurship will be finalised by March 31, 2015, sources told HT.

Sources said that the government is likely to launch a Prime Minister’s fellowship scheme for skilling and innovation. A sustained national campaign will also be launched to make vocational training aspirational with celebrities as brand ambassadors.

For entrepreneurship, the plan involves integrating entrepreneurship training in schools alongside vocational training programmes. In addition, the government will likely support setting up incubation and research parks and enable credit linkages through banks.

The government is also drawing up plans to provide marketing support to tech start-ups to create one million “digital entrepreneurs”.

According to estimates between 2013 and 2022, India will have to skill 120 million people in non-farm sectors, with the highest requirement skilled labour to come from the construction sector (31 million) followed by retail (17 million) and logistics (12 million).

During 2005-12, India added only 15 million jobs, a quarter of the figure added in the previous six years.

Of India’s 1.2-billion population, 60% are of the working age. And of the 15 million individuals who join the queue of job seekers every year, only 3% undergo vocational training.

The scheme for adoption of ITIs through public-private partnership is also likely to be revamped.

In the earlier scheme, launched in 2007, about 1,396 institutes were to be developed by involving the industry, which would adopt them while the government would provide a grant of Rs 2.5 crore for each of them. The scheme did not take off as planned because it did not have much involvement of the state bureaucratic structure, which is where the clearances are needed.

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