Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is the flagship outcome-based skill training scheme of the Ministry of Skill Development and Entrepreneurship (MSDE), Government of India. The objective of this skill certification and reward scheme is to enable and mobilise a large number of Indian youth to take up skill training to become employable and earn their livelihood.
The Union Cabinet had approved India’s largest skill certification scheme, Pradhan Mantri Kaushal Vikas Yojana on 20thMarch, 2015. The scheme was subsequently launched on 15thJuly, 2015, on the occasion of World Youth Skills Day by Hon’ble Prime Minister, Shri Narendra Modi. Owing to its successful first year of implementation, the Union Cabinet approved the scheme for another four years (2016-2020) to impart skilling to 10 million youth of the country with an outlay of Rs. 12,000 crores. The scheme is being implemented byNational Skill Development Corporation (NSDC), a Public Private Partnership enterprise under Ministry of Skill Development and Entrepreneurship.