Govt To Launch PM Kaushal Vikas Yojana-III Within A Month, Says Minister

The central government is set to launch the third phase of its flagship skilling scheme Pradhan Mantri Kaushal Vikas Yojana (PMKVY) within a month, with a focus on strengthening district skill committees, said Union Minister Mahendra Nath Pandey on Friday.

Addressing a virtual conference organised by Assocham, Pandey, who is the Minister for Skill Development and Entrepreneurship, stressed upon the need to design courses and undertake skilling aligned with local requirements.

"Keeping this in mind, we introduced PMKVY 1 and 2, and after this we are going to launch PMKVY-III very soon, within a month," he said.

The third phase of PM Kaushal Vikas Yojana will focus on strengthening district skill committees to identify and cater to local skilling needs, Pandey added.

The government launched the PMKVY scheme in 2015 and revamped it in 2016 to impart skills to 1 crore persons by 2020.

The revamped scheme, called PMKVY 2.0, moved to a grant-based model where the training and assessment cost is directly reimbursed to training providers and assessment bodies in accordance with common norms.

With inputs from PTI