Active Stocks
Fri Apr 19 2024 10:55:47
  1. Tata Steel share price
  2. 158.80 -0.75%
  1. Tata Motors share price
  2. 947.55 -2.46%
  1. Infosys share price
  2. 1,406.50 -0.99%
  1. ITC share price
  2. 423.95 1.19%
  1. Power Grid Corporation Of India share price
  2. 278.35 -0.66%
Business News/ Politics / Multi-tier system to speed up skill development programme
BackBack

Multi-tier system to speed up skill development programme

Multi-tier system to speed up skill development programme

Premium

New Delhi: The government has put in place a three-tier system with the national council at the apex headed by Prime Minister Manmohan Singh to take forward the mission to provide skill-based training to 500 million people by 2022.

The government has set up a National Skill Development Board headed by deputy chairman of Planning Commission. Besides, a National Skill Development Funding Corporation has been started to finance the activities in skill development, official sources said.

The National Council for Skill Development is the apex institution for policy direction and review. The other member of the mission are ministers of HRD, finance, industries, rural development, housing and labour and employment.

The Prime Minister had convened a meeting of the mission on 12 October where discussions were held on how to take forward the work of skill development, they said.

The meeting discussed the present capacity of skill development which is “inadequate to meet the need". In view of the existing facilities, nearly 2.5 million people are getting skill based training at present.

The target group for skill development comprise all those in the labour force, including those entering the labour force for the first time. About 12.8 million people enter the labour force every year, the sources said.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 26 Oct 2009, 02:49 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App