Introduction
Skill India mission is a long-term strategy to address the shortage of skilled persons and promote faster, inclusive and sustainable growth.
Important facts
Boston Consultancy Group (BCG) has predicted that by 2020 there will be shortage of 47 million working people in the rest of the world
There is a skill gap between employment and employability with 56 percent school drop outs with employers finding a skill shortage of 53 percent
66 percent (883 million) of Indian population will be in the working age group of less than 35 by 2020 according to Twelfth plan
Considering the demographic dividend, India will have an advantage over China from the year 2015
India will have a surplus of 56 million skilled people by 2020 as a result of the Skill India campaign
Nodal Agencies
National Skill Development corporation
Ministry of Finance
Ministry of Skill Development and Entrepreneurship
Funding
Funding based on PPP mode
GOI Stake 49%
Industry stake 51%
Private participation more than government
Beneficiaries
Unorganized sector employees
Unemployed youth
School drop outs
Male employees in unorganized sector
Female employees in unorganized sector
Elements of Skill Development
Motivation – Trainer and Student
Fresher training
Re-Skilling
Integration
Recognizing
Funding
Monitoring
MIS
Aadhar Card linkage
Rational outlook
Assessment of increase in income productivity as a result of skilled labor
New schemes are devised and released under Skill India Mission like Pradhan Mantri Kaushal Vikas Yojana
Challenges
Magnitude – NSDC requirement of 12 crore skilled manpower in 24 key sectors by 2022
High order skill sets of efficiency, diverse and geographically suited
Target demography of different educational and class backgrounds
Perception – vocational and regular courses
Integration to fix demand-supply gap
Lack of labour management system
Lack of mobility
Minimal industry role
Less social acceptability
Quality of skill development and training programs at stake with lack of infrastructure
Enrollment in Skill development programs needs awareness among rural masses
Conclusion
Skill India Mission is projected to improve the skills of the Indian workforce
Skill India Mission will make skilled labour a competitive advantage among world nations
Nearly 833 million of unorganised labour will be trained and placed in industry
India will emerge as the skill capital of the entire world supplying skilled labor force to the developed nations
The demand for skilled Indians abroad is going to increase from 2015 after the ageing problem starts in China
Skilled workforce will increase the output in the industry both domestic and foreign
Skilled people will help save time and increase the efficiency
A new skill development department will be created resulting in the creation of more jobs in the formal sectorOverall, Skill India mission is a long term strategy initiated by GOI through an umbrella of schemes aimed at developing India as a skilled super power in the entire world
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