Question
Recently, which version of Pradhan Mantri Kaushal Vikas
Yojana (PMKVY) has been launched in a bid to empower India’s youth with employable skills by making over 300 skill courses available to them? Jammu & Kashmir is one among the youngest states of India with more than 54% of the total population below 25 years of age. However, our formally skilled workforce is approximately 2% which is dismally low as compared to other states of India. This is universally accepted fact that the economic growth of the country, and strength of any nation is mainly dependent on knowledge and skill based human resource. Looking at rapidly increasing demand supply gap, it is very important for an organization to ensure an adequate supply of skilled manpower and their optimize use. At the same time the population of other states is ageing fast and it is projected to increase 15% by 2030. The market may suffer with the labour shortage due to aging population. J&K has the advantage as compared to other states of India, because its youngest population is estimated to be 6 lakh as per 2011 census. Jammu and Kashmir has second worst unemployment rate among states/Union territories in the country. Governmental efforts especially in the recent past, in the arena of skill development – The National Skill Development Mission – launched by the Ministry of skill Development and Entrepreneurship in July 15 2015, aims to create convergence across sectors and states in terms of skill training activities to ‘unskilled’ and ‘semiskilled’ youth of J&K.Solution
The Ministry of Skill Development and Entrepreneurship (MSDE) has launched Pradhan Mantri Kaushal Vikas Yojana (PMKVY) 3.0, in a bid to empower India’s youth with employable skills by making over 300 skill courses available to them.
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