Now, the private sector can set up institutions to provide skills to young Indians or help the government in improving the employability of those trained in public sector institutions.
In a bid to revamp the skill management in India, the Planning Commission on Friday issued new guidelines for Public Private Partnership (PPP) in organized and unorganized employment and traditional and contemporary work.
Money will also be provided for mapping of available skills in India, setting up of state skill development missions and strengthening existing skill development institutions.
“The new guidelines will help higher participation of private sector in improving employability skills of young Indians,” said a senior plan panel official.
India has world’s largest population in the 15 to 35 age group ready to join the job market. According to different surveys, over half of those who pass out from large number of educational institutions are unemployable and have to be retrained.
The new guidelines have aimed at dealing with this issue by allowing participation of private sector in State Skill Development Missions to evaluate existing skill development programmes and frame policies for setting up new training schools.
The state governments, in consultation with the industry, will have to set up sector specific skill development councils, which have been defined as Centers of Excellence in the guidelines.
Their primary job will be to develop the curriculum, train the teachers and devise procedures for accessing skills of the youth being trained as per the market needs, the guidelines states. They will also conduct research on skills, which are expected to have demand in future job market.
Private sector can get up to Rs 50 lakh to set up new institutions to train youth and for providing expertise in form of trainers in running existing state run institutions such as Industrial Training Institutes (ITIs) and Polytechnics.
The commission has also provided funds for industry for conducting studies to access demand of skills in particular areas, upgrading the content accordingly and training the trainers for the same.
“This will have a consultative mechanism, with room for midcourse corrections during the implementation of the schemes,” the guidelines said.
The funds for PPP in skill development will be provided by the Planning Commission through the state governments, for which, a detailed procedure has been outlined in the guidelines.