Synopsis : Pradhan Mantri Kaushal Vikas Yojana (PMKVY)

-Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is the flagship outcome-based skill training scheme of the new Ministry of Skill Development & Entrepreneurship (MSDE) to take up skill training and become employable and earn their livelihood.
-Encourage standardization in the certification process and initiate a process of creating a registry of skills
-Increase productivity of the existing workforce and align the training and certification to the needs of the country.
-Provide Monetary Awards for Skill Certification to boost employability and productivity of youth by incentivizing them for skill trainings
-Reward candidates undergoing skill training by authorized institutions at an average monetary reward of Rs. 8,000 (Rupees EightThousand) per candidate.
-Benefit 24 lakh youth at an approximate total cost of Rs. 1,500 Crores.