The government on Thursday announced a Rs 550 crore scheme to develop skills of one million school dropouts and workers with no formal training over the next five years to improve their employability.
The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Manmohan Singh on Friday gave its approval for implementing the 'Skill Development Initiative' at a cost of Rs 550 crore, says Information and Broadcasting Minister P R Dasmunsi .
"The minimum age limit for persons to take part in the scheme is 15 years but there is no upper age limit," he said, adding it was a centrally sponsored scheme with 100 per cent central assistance.
The minister said one million people would be trained or their existing skills would be certified over a period of five years.
The scheme aims at providing training to school leavers, existing workers and ITI graduates to improve their employability by optimally utilising the infrastructure available in government and private institutions and industry.
Existing skills of such people can also be tested and certified under this scheme.
Under the scheme, Dasmunsi said about Rs 5,000 per person would be spent on an average on imparting training and certification of work force. Direct expenses for a million people would be Rs 500 crore. In addition, expenditure on training support services, studies administrative cost would be Rs 50 crore.
Asked about how this scheme was different by the one launched by the previous NDA regime, Dasmunsi said its corpus was bigger and had a bigger scope.