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Government to pump over Rs7,500 cr to boost skill development

Government to pump over Rs7,500 cr to boost skill development
PTI
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First Published: Wed, Feb 17 2010. 04 50 PM IST
Updated: Wed, Feb 17 2010. 04 50 PM IST
New Delhi: The government has planned to pump in over Rs7,500 crore to set up 1,500 new ITIs and 5,000 skill development centres (SKC) in the country.
The government would set up each of the 1,500 Industrial Training Institutes (ITIs) at a cost of Rs2.5 crore, while it will spend Rs75 lakh on every SKC.
“We would provide more than Rs2.5 crore for setting up each of new 1,500 ITIs in the country especially in naxal affected areas,” minister of state for labour Harish Rawat said.
Since this would be done under the public private partnership (PPP) mode, other partners, including states and private players would also chip in funds for the new ITIs and SKCs.
“The government is providing Rs2.5 crore for each existing ITI to convert it into a centre of excellence. But, in case of new ITIs, especially in far flung and disturbed areas, the government would chip in more funds,” he added.
Bearing in mind the acute shortage of ITI teachers, the minister said that the government would provide viability gap funding to private skill trainers who want to manage the institutes for 20-30 years.
The government is expecting the new 1,500 ITIs to serve about 1,576 blocks where industrial training is not available, particularly the naxal affected areas.
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First Published: Wed, Feb 17 2010. 04 50 PM IST