Union Ministry of Finance on 16 August 2013 unveiled the National
Skill Certification and Monetary Reward Scheme that will be implemented
on pan-India basis, in New Delhi. This is a first of its kind scheme to
be launched in the country. The scheme was first proposed by the Finance
Minister in the last Union Budget to allocate 1000 rupees crore for a
scheme that will motivate the youth of this country to acquire a
vocational skill.The scheme is expected to benefit a million people in
the first year of its implementation.
The scheme that is branded as STAR (Standard Training Assessment and Reward) for promotional purposes envisages that a monetary reward that will in essence financially help those who wish to acquire a new skill or upgrade their skills to a higher level.
The Union government is committed to improving the skills of the youth in the country. The STAR scheme that is being launched today is yet another proof of this government’s commitment to leaving no stone unturned in achieving the National Skilling Mission target. Shri Chidambaram said that during 2004-05 and 2009-10, 20 million jobs were created in the country and unemployment rate declined from 8.3 percent to 6.6 percent.
With the advancement of technology, the youth need to upgrade their skills for better opportunities.The National Skilling Mission envisages adding 500 million skilled Indians by the year 2022. While 150 million are expected to be contributed by the private sector working under National Skill Development Corporation (NSDC), 350 million will be contributed by 18-odd ministries at the Centre.The major highlights of the scheme are:
• A1000 crore rupees pan-India scheme launched by the Ministry of Finance
• Branded as STAR – Standard Training Assessment and Reward
• To benefit 1 million people
• Scheme to be implemented by National Skill Development Corporation
• Each tested and certified trainee to get an average of 10000 rupees to cover training costs.
Prashant Sharma
PGDM- I
(2013-15 )
The scheme that is branded as STAR (Standard Training Assessment and Reward) for promotional purposes envisages that a monetary reward that will in essence financially help those who wish to acquire a new skill or upgrade their skills to a higher level.
The Union government is committed to improving the skills of the youth in the country. The STAR scheme that is being launched today is yet another proof of this government’s commitment to leaving no stone unturned in achieving the National Skilling Mission target. Shri Chidambaram said that during 2004-05 and 2009-10, 20 million jobs were created in the country and unemployment rate declined from 8.3 percent to 6.6 percent.
With the advancement of technology, the youth need to upgrade their skills for better opportunities.The National Skilling Mission envisages adding 500 million skilled Indians by the year 2022. While 150 million are expected to be contributed by the private sector working under National Skill Development Corporation (NSDC), 350 million will be contributed by 18-odd ministries at the Centre.The major highlights of the scheme are:
• A1000 crore rupees pan-India scheme launched by the Ministry of Finance
• Branded as STAR – Standard Training Assessment and Reward
• To benefit 1 million people
• Scheme to be implemented by National Skill Development Corporation
• Each tested and certified trainee to get an average of 10000 rupees to cover training costs.
Prashant Sharma
PGDM- I
(2013-15 )
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