Cabinet nod to Rs 10,000-cr apprenticeship promotion scheme

The Union Cabinet has approved a National Apprenticeship Promotion Scheme to train 50 lakh apprentices by 2019-20. The Scheme involving a cost of Rs 10,000 crore will catalyze the entire apprenticeship ecosystem in the country.It will offer a win-win

situation for all stakeholders and is expected to become one of the most powerful skill-delivery vehicle in the country.

The Scheme would be implemented by Director General of Training (DGT) under Ministry of Skill Development and Entrepreneurship (MSDE).

Highlights

• It provides for incentivizing employers to engage apprentices.

• 25% of the total stipend payable to an apprentice would be shared with employers directly by Union Government.

• It also supports basic training, which is an essential component of apprenticeship training.

• 50% of the total expenditure incurred on providing basic training would be supported by Union Government.

Important Question for Competitive Exam from this Current Affairs:

1. Cabinet nod to Rs. ________ cr for National Apprenticeship Promotion Scheme: a)5000 b)10000 c)1000 d)7000

Source: jagran josh