Start a Skill Development Training Centre. A Lucrative Business Opportunity.
Skill Development training Centre is a platform to enhance the skill and make the students industry ready in Training is crucial for organizational development and its success which is indeed fruitful to both employers and employees of an organization. Here are some important benefits of training and development.
The role of education in facilitating social and economic progress has long been recognized. Education improves functional and analytical ability and there by opens up opportunities for individuals and also groups to achieve greater access to labour markets and livelihoods. A better educated labour force is essential if we are to meet the labour supply requirements of faster growth. Education is not only an instrument of enhancing efficiency but is also an effective tool of widening and augmenting democratic participation and upgrading the overall quality of individual and societal life.
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The Role of Government Policies and Programs for Skill Development in India
Skills and knowledge are driving forces of economic growth and social development in any country. Countries with higher levels and better standards of skills adjust more effectively to the challenges and opportunities in domestic and international job markets. The country, however, has a big challenge ahead as it is estimated that only 14.69 percent of the total workforce in India has undergone formal skill training. As India moves progressively towards becoming a 'Knowledge Economy' it becomes increasingly important that the Eleventh Plan should focus on advancement of skills and these skills have to be relevant to the emerging economic environment. The government has set up the ministry of skill development and entrepreneurship with an enabling framework to facilitate job creation and entrepreneurship through various policies and programs. In order to create a pool of skilled personnel in appropriate numbers with adequate skills in line with the employment requirements across the entire economy with particular emphasis on the targeted high economic growth, high employment sectors, the government will set up an SDM consisting of an agglomeration of program and appropriate structures aimed at enhancing training opportunities of new entrants to the labor force from the existing 2.5 million in the non-agricultural sector to 10 million per year. To provide within a five-to eight-year time frame, a pool of trained and skilled workforce, sufficient to meet the domestic requirements of a rapidly growing economy, with surpluses to cater to the skill deficits in 70 Skill India and Women Empowerment other ageing economies, thereby effectively leveraging India's competitive advantage and harnessing India's demographic dividend. the Government's policies and programs in skill development and also analyzed achievement and target of skill India development which play a very important role for enhancing the productivity of labor as well as economic growth in India.
Pradhan Mantri Kaushal Vikas Yojana (PMKVY)
Approved for another four years (2016-2020) to benefit 10 million youth:-
Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is the flagship scheme of the Ministry of Skill Development & Entrepreneurship (MSDE). The objective of this Skill Certification Scheme is to enable a large number of Indian youth to take up industry-relevant skill training that will help them in securing a better livelihood. Individuals with prior learning experience or skills will also be assessed and certified under Recognition of Prior Learning (RPL). Under this Scheme, Training and Assessment fees are completely paid by the Government.
Key Components of the Scheme:-
1. Short Term Training
The Short Term training imparted at PMKVY training Centers (TCs) is expected to profit candidates of Indian position who are either school/college dropouts or unemployed. Aside from providing training in keeping with the National Skills Qualification Framework (NSQF), TCs shall also impart training in Soft Skills, Entrepreneurship, financial and Digital skill. Related Videos: - Profitable Business Ideas in Education Sector. Project Opportunities in Education Industry
Duration of the training varies per job role, ranging between 150 and 300 hours. Upon successful completion of their assessment, candidates shall be provided placement help by training Partners (TPs). Under PMKVY, the whole training and assessment fees are paid by the govt. Payouts shall be provided to the TPs in alignment with the Common Norms. Trainings imparted underneath the Short Term Training component of the scheme shall be NSQF Level five and below.
2. Recognition of Prior Learning
Individuals with previous learning experience or skills shall be assessed and certified under the popularity of previous Learning (RPL) component of the scheme. RPL aims to align the competencies of the unregulated work force of the country to the NSQF. Project Implementing Agencies (PIAs), similar to Sector skill Councils (SSCs) or the other agencies designated by MSDE/NSDC, shall be incentivized to implement RPL projects in any of the three Project types (RPL Camps, RPL at Employers Premises and RPL centers). To address knowledge gaps, PIAs could provide Bridge Courses to RPL candidates.
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3. Special Projects
The Special projects component of PMKVY envisages the creation of a platform which will facilitate trainings in special areas and/or premises of government bodies, Corporates or business bodies, and trainings in special job roles not outlined under the available Qualification Packs (QPs)/National occupational Standards (NOSs). Special projects are projects that require some deviation from the terms and conditions of Short Term training under PMKVY for any stakeholder. A proposing stakeholder will be either Government institutions of Central or State Government(s)/Autonomous Body/Statutory Body or the other equivalent body or corporates who need to supply training to candidates.
4. Kaushal and Rozgar Mela
Social and community mobilization is extremely crucial for the success of PMKVY. Active participation of the community ensures transparency and accountability, and helps in investing the cumulative information of the community for better functioning. In line with this, PMKVY assigns special importance to the involvement of the target beneficiaries through a defined mobilization process. TPs shall conduct Kaushal and Rozgar Melas each six months with press/media coverage; they're also required to participate actively in National Career Service Melas and on-ground activities.
5. Placement Guidelines
PMKVY envisages to link the aptitude, aspiration, and knowledge of the skilled workforce it creates with employment opportunities and demands within the market. Each effort thereby needs to be made by the PMKVY TCs to provide placement opportunities to candidates, trained and certified under the scheme. TPs shall also give support to entrepreneurship development.
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6. Monitoring Guidelines
To ensure that top standards of quality are maintained by PMKVY TCs, NSDC and empaneled scrutiny Agencies shall use varied methodologies, similar to self-audit reporting, call validations, surprise visits, and monitoring through the abilities Development Management System (SDMS). These methodologies shall be increased with the engagement of latest technologies.
The scheme will be implemented through the National Skill Development Corporation (NSDC).
Skill Development in India–present status and recent developments
India is one of the youngest nations in the world with more than 54% of the total population below 25 years of age. India’s Workforce is the second largest in the world after China’s. While China’s demographic dividend is expected to start tapering off by 2015, India will continue to enjoy it till 2040. However, India’s formally skilled workforce is Approximately 2% - which is dismally low compared to China (47%), Japan (80%) or South Korea (96%).To leverage our demographic dividend more substantially and meaningfully.
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Need for Skill Development
Livelihood opportunities are affected by supply and demand side issues. On the supply side, India is failing to create enough job opportunities; and on the demand side, professionals entering the job market are lacking in skill sets. This is resulting in a scenario of rising unemployment rates along with low employability.
v Job Creation
v Youth Skilling
v Demand for Skilled Workforce
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Market outlook
India is one of the youngest nations in the world with more than 54% of the total population below 25 years of age. India’s workforce is the second largest in the world after China’s. While China’s demographic dividend is expected to start tapering off by 2015, India will continue to enjoy it till 2040. However, India’s formally skilled workforce is approximately 2% - which is dismally low compared to China (47%), Japan (80%) or South Korea (96%).To leverage our demographic dividend more substantially and meaningfully, the Government launched the “Skill India” campaign along with “Make in India”. In this brief, we look at the Skill Development ecosystem in India - the need for Skill Development, initiatives taken by the Government and schemes introduced for skill government by the present government.
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Alongside the daunting challenge of skilling millions of youth entering workforce each month, India also faces a huge challenge of evolving a skill development system that can equip the workforce adequately to meet the requirements of the industry. The workforce needs to be trained across four levels, from the high end specialized skills for ‘White Collar’ jobs to the low-level skills of the ‘Rust Collar’ jobs. Moreover, these skills have to be adequately linked to the available job opportunities. Several factors have inhibited the skill development eco-system in India to scale up to the desired levels. The skill development system in India is plagued with multiple issues related to awareness, perception, cost, quality and scale.
In India, educational qualification is generally preferred over vocational training as former is associated with better employment opportunities, in terms of pay as well as quality of work. Additionally, there is limited mobility between formal education and vocational training in India due to lack of equivalent recognition for the latter; a student enrolled in vocational training often cannot migrate to institutes of higher education due to eligibility restrictions.
List of Sector Skill Councils
Take a quick tour of the existing and upcoming Sector Skill Councils (SSCs) in India:
Ø Automotive Skills Development Council (ASDC)
Ø Agriculture Skill Council of India (ASCI)
Ø Banking and Finance Sector of India (BFSI)
Ø Gem & Jewellery Skill Council of India (GJSCI)
Ø Rubber Skill Development Council (RSDC)
Ø IT-ITeS Sector Skill Council
Ø Retail Association’s Sector Skill Council of India (RASCI)
Ø Media and Entertainment Skills Council (MESC)
Ø Tourism and hospitality Skill Council (THSC)
Ø Electronics Sector Skill Council of India (ESSCI)
Ø Telecom Sector Skill Council (TSSC)
Ø Leather Sector Skill Council (LSSC)
Ø Food Industry Capacity and Skill Initiative (FICSI)
Ø Logistics Skills Council (LSC)
Ø India Plumbing Skills Council (IPSC)
Ø Capital Goods Skill Council
Ø Construction Sector Skill Council
Ø Life Sciences Sector Skill Development Council
Ø Iron and Steel Sector Skill Council
Ø Power Sector Skill Council
Ø Skill Council for Mining Sector
Ø Textile Sector Skill Council
Ø Apparel made ups and home furnishing sector skills council
Ø Beauty and wellness sector skills council
Ø Handicrafts and Carpet Sector Skills Council
Ø Green jobs sector skills council
Ø Domestic Workers Sector Skills Council of India
Ø Furniture and fittings skills council
Ø Instrumentation Automation Skills Council
Ø Coating and Painting Sector Skills Council
Ø Strategic Manufacturing Skills Council
Ø Aerospace and Aviation Sector Skill Council (AASSC)
Ø Sports Sector Skills Council
Ø Entrepreneurship, Management Services and Training Sector Skill Council
Ø Hydro Carbon Sector Skill Council (Oil and Gas)
Ø PwD sector skills council
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