PMKVY 3.0 Guidelines - Summary
The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) 3.0 Guidelines focus on boosting skill development opportunities in India. This version builds on the strong foundation set by earlier iterations. Launched in 2015, the original PMKVY scheme aimed to provide free short-duration skill training along with monetary rewards for youth who successfully obtained skill certifications. The ultimate goal was to enhance the employability of young people to meet the needs of various industries.
Overview of PMKVY 3.0
With valuable insights gained from PMKVY 2.0, the Indian government has decided to fast-track the implementation of PMKVY 3.0. This upgrade aligns with the latest policy changes and sector priorities. The rollout will occur in two phases: first, a pilot phase during 2020-21, called PMKVY 3.0 (2020-21). This initial phase will set the stage for the full implementation of the second phase, scheduled from 2021 to 2026. The guidelines we discuss here specifically focus on the first phase of PMKVY 3.0.
Objectives of PMKVY 3.0 (2020-21)
The key objectives of the scheme are to:
- Create an ecosystem that empowers the youth to make informed choices about available skilling options.
- Provide support for skill training and certification opportunities for young learners.
- Encourage the establishment of sustainable Skill Centres to boost participation from the private sector.
- Aim to benefit a total of 8 lakh youth throughout the scheme period (2020-21).
Implementation Structure
PMKVY 3.0 has two main components:
- Centrally Sponsored Managed (CSCM), known as the Central Component, which will be executed by the National Skill Development Corporation (NSDC).
- Centrally Sponsored State Managed (CSSM), known as the State Component, which will be overseen by the State Skill Development Missions (SSDMs) or respective Departments of the States/UTs.
The total target for this scheme will be distributed roughly in a 75:25 ratio between the Central and State Components. However, states excelling in performance and seeking to undertake higher targets may receive additional targets based on their evaluations.
The Steering Committee in charge of the scheme has the authority to make timely adjustments to target settings without changing the overall financial framework. This committee is also empowered to reallocate targets between the CSCM and CSSM components as necessary, fostering a healthy competition among states for successful implementation of the Government’s Skill India initiatives.
For more details and to access the PMKVY 3.0 Guidelines, please download the PDF provided below. This quick access will equip you with comprehensive information on the scheme.
