New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    What is the maximum contribution of GoI towards stipend

    under National Apprenticeship Promotion Scheme. ?
    A 1200 Correct Answer Incorrect Answer
    B 1500 Correct Answer Incorrect Answer
    C 3000 Correct Answer Incorrect Answer
    D 4500 Correct Answer Incorrect Answer
    E 5000 Correct Answer Incorrect Answer

    Solution

    The Government of India launched “National Apprenticeship Promotion Scheme” (NAPS) in August,2016 with stipend support and sharing of the cost of basic training  with a cumulative target of training 50 lakh youth during  Financial Year 2016-17 to 2019-20.   Stipend support : reimbursement of 25% of prescribed stipend subject to a maximum of Rs 1500/- per month per apprentice with employers. The stipend support would not be given during the basic training period for fresher apprentices   Sharing of  cost of Basic Training: @ Rs7500/- for a maximum of 3 months or 500 hours in respect of  apprentices who come directly to apprenticeship training without any formal trade training. The government is not providing any supplementary fiscal assistance to the States to make NAPS more fruitful.

    Practice Next