The Skill India Mission was launched by PM Narendra Modi on July 15 in 2015. The objective of the Skill India program was to train more than 40 crore individuals by 2022. It was to be done by facilitating a skill development programme in the country.
This skill development programme is managed by the Ministry of Skill Development and Entrepreneurship. The National Skill Development Corporation (NSDC), a Public-Private company, was given the responsibility to focus on skill development in India.
Out of the many Skill India courses, the provision of the industry-led sector skills is also available. With Skill India in action, workers and industries are being benefited in various ways.
What are the objectives of the NSDC to flourish skills in India?
The focus of the NSDC is to nurture skills of special and marginalized groups of society and enhance their livelihood. They aim to do that by introducing a skill development programme. The key objectives of the National Skill Development include:
- Improving industries and developing an improved framework to elevate the standards and output’s quality.
- Upgrading and nurturing the workers’ skills to the highest level with the active involvement and proper training in action.
- Supporting the initiatives of the private sector focus at skill development via efficient Private Public Partnership models.
- The integration of market mechanisms to boost industries and sectors lacking it and are unable to perform up to the mark.
As things stand, 38 Sector Skills Councils are now working, and it includes agriculture and related services, services, manufacturing and informal sectors.
Nowadays, a large number of financial institutes are offering unsecured and secured debts like the loan against property. It is to help individuals get enough financing for business development.
The NSDC has aligned specific agencies that can work on implementing the skill development scheme to grass root levels. In turn, it is helping workers and industries get all the help possible via the Skill Development Programme.
- Industrial Training Institute (ITI)
The Director General of Training (DGET) governs the Industrial Training Institutes. It has been linked with the Ministry of Skill Development and Entrepreneurship. The DGET is also the responsible body that supervises Advance Training Institutions and Regional Vocational Training Institutes.
The vital Skill Development Programme under DGET includes:
- Modular Employable Skills.
- Craftsmen Training Scheme.
- Apprenticeship Training Scheme.
Presently, there are 10,000+ ITIs with a maximum capacity of trainees standing at 1.5 Million.
- Private Training Service Providers
The private sector has also started multiple campaigns with international bodies and the Government. It is to help enhance the in-house training facilities to offer proper training to employees that are capable and make them prepare for an eligible job position.
The Skill India Mission is now being implemented in diverse categories. It is being done to bring about precision in the process of training. The training also includes fee-based courses and relevant centres of training.
It is now possible to select a specific training centre as per your preference area. The raising of funds for the fee of the course is among the basic steps towards getting skill-based training.
Even if you are training with the mission of getting your business established, you can do that easily. The first step towards this is gathering enough funds for the same. When it comes to raising funds, you can rely on different ways.
If you don’t have the creditworthiness of applying for a personal loan to get funds, then you can look up to another option.
If you have a property in a prime location with growing infrastructure, then you can also use it to gather a large amount against it. It is known as the loan against property (LAP).
The facility of the loan against property is an affordable option to get funds. It is because it involves collateral. And, in this case, it is your property. When you keep it as the collateral, then you can get a significant amount at a lower rate of interest. This way, you can pay reduced EMIs over a longer tenure and manage your outlays better.
It is now possible to give shape to your expertise by going through different Skill India Courses.
If you are short of funds, then you can always look up to the convenient option of the loan against property and more.
