Published On: Thu, Jul 7th, 2011

Govt sanctions Rs. 1000 crore for training youth in J&K

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The central government has approved Rs. 1000 crore budgetary allocation for the implementation of the “Special Industry Initiative Scheme in Jammu & Kashmir” (SII J&K). Cabinet Committee on Economic Affairs approved the sum. The central scheme will be implemented in partnership with National Skill Development Corporation (NSDC)/any similarly placed institution identified for the purpose and the corporate sector.

Under the scheme, identified companies will screen and select students from the State. After assessing the skill gap of the trainees and the need of the Corporate, the trainees will be trained suitably by the Corporate. The Corporate will be incentivised to absorb the trainee. The Scheme proposes to cover all the districts of the State of J&K.

The estimated expenditure is approximately Rs. 2.50 lakhs per trainee. The Central Government will make a provision of Rs. 500 crore in the next five years from 2011-12 onwards. The cost of travel, boarding & lodging and stipend will be borne by the Central Government.

The training cost will initially be borne by the Corporate. As an incentive to the Corporate 50% of the training cost would be reimbursed if the trained youth are given employment in the company.

8000 J&K youth are proposed to be trained annually. The total target in the scheme is to train 40,000 graduates, post graduates and professional degree holders over a period of five years.

The Scheme is based on the recommendations of an ‘Expert Group’ set up by the Prime Minister’s Office under chairmanship of Dr. Rangarajan. The Scheme has been launched to enhance the employment opportunities in the State of J&K and to formulate a jobs plan involving both the public and private sectors, especially for the youth.