Wednesday, 6 July 2016
Union Cabinet approves National Apprenticeship Promotion Scheme
The Union Cabinet has approved a National Apprenticeship Promotion Scheme (NAPS) for providing apprenticeship training to over 50 lakh youngsters in order to create more jobs. The Scheme has an outlay of 10,000 crore rupees and a target of training 50 lakh apprentices by 2019-20.Key Feature of Scheme It will be implemented by Director General of Training (DGT) under the aegis of Union Ministry of Skill Development and Entrepreneurship (MSDE). Union Government for the first time will provide financial incentives to the employers to engage apprentices. Union Government will directly share 25% of the total stipend payable to an apprentice with employers. In addition, Union Government will also support basic training which is considered an essential component of apprenticeship training. Union Government will bear the 50% of the total expenditure incurred on providing basic training to an apprentice.