The skill development scheme, PMKVY, must align with local economic needs to improve employability.
The Pradhan Mantri Kaushal Vikas Yojana (PMKVY), launched in 2015, has trained 13.7 million candidates over seven years. However, only 18 percent, or 2.4 million, of these candidates have been successful in securing a job. This low placement rate is one of several concerning issues highlighted by the Lok Sabha standing committee. The committee also identified underutilised funds, infrastructure deficiencies, dropouts, a disconnect with industry, and insufficient state engagement as significant problems. To increase the effectiveness of the programme, it is imperative that PMKVY is aligned with the local economy’s needs, including incorporating beauty parlor classes. Read more now!