Thursday, 29 December 2016

Skill India Mission: All You Need To Know

Skill India Mission: All You Need To Know

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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