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Skill India Scheme is a flagship programme for skill development in India. It is implemented by the Ministry of Skill Development and Entrepreneurship with the aim of increasing the employability of close to 1 crore Indian youth within the span of 2016-2020.

Impact of Skill India program

Before setting forth to know more about what is Skill India Mission, it should be noted that approximately 11 lakh candidates out of 33.93 lakh have been trained under the skill development programme of Skill India Mission Pradhan Mantri Kaushal Vikas Yojana (PMKVY.)

Maximum placements have been recorded in Tamil Nadu, Haryana, Madhya Pradesh, Rajasthan, and Uttar Pradesh. The scheme had tracking provision which reflected that Short Term Training was imparted to 24.13 lakh candidates.

It has also been found out that 9.08 lakh was enrolled for Recognition of Prior Learning along with 0.72 lakh being covered under Special Projects. The data from the Skill Development Management System reported that 20.18 lakh candidates have received certification under Short Term Training Skill India Scheme.

Aim of the programme

The aim of the skill development programme is to increase the employability of the Indian workforce for multiple industrial sectors and reach out across states with a nation-wide objective. The primary mission of the scheme is to address the gap concerning employment generation, imparting relevant and quality training.

Features of Skill India program

  • It seeks to train Indian citizens across different ages to secure employment or initiate their Micro, Small & Medium Enterprises (MSMEs.)
  • Training will be in tune with international standards, and to that effect, the government will enter into partnerships with overseas educational institutes.
  • It would encompass different aspects such as management, communications, social, and entrepreneurial skills among others.
  • Under this skill development programme, major emphasis is provided on particular areas such as textile, real estate, tourism and transportation, among others.

Benefits of the scheme

The main advantage is the exposure towards organisational concepts like productivity, and skill development to help a candidate increase their outreach as well as efficiency. Individuals undergoing training will be vested with the requisite skills to successfully acquire a blue-collar job. Apart from technical skills, training in soft skills enables them to start their own business, which will give rise to employment in remote areas as well. 

In this skill development programme, training partners need to have stipulated infrastructure in place for running training centres. The people trained under this scheme are equipped with such skill that it will enable them to either secure employment or engage in entrepreneurial activities.

To initiate their own business ventures, individuals may need to avail external financial assistance such as loan against property among others.

Such a secured loan can provide substantial finances at affordable rates of interest. Although it will require the borrower to mortgage the property, such a secured loan is still among the most beneficial financial solutions available in the lending market for this purpose.

Note that different lenders mandate varied eligibility criteria for a loan against property which you have to meet to successfully avail it.

However, the individual should be well aware of the charges and fees associated with availing loan against property to ensure no loan default. 

They also extend pre-approved offers that make availing loans against property convenient and less time-consuming for a borrower. You may check your pre-approved offer by providing relevant details like name and contact number.

With such financial assistance available and government schemes like the Skill India program, aspiring individuals now have the necessary platform to extend their employability or entrepreneurial ventures with ease.

Make sure you learn everything you need to know about a loan against property to avail it when you need the finances with ease. Refer to leading lenders for the most beneficial loan terms and attractive interest rates.

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