Govt approves PMKVY-III with focus on industry

The government has approved the third phase of skill development scheme, Pradhan Mantri Kaushal Vikas Yojana (PMKVY), with an increased focus on digital technology and industry . As the second phase of the implementation of PMKVY is nearing completion, the third phase of the scheme has received the Centre’s approval, paving the way for its launch.

The government launched the PMKVY scheme in 2015 and revamped it in 2016 to impart skills to one crore persons by 2020.

The revamped scheme, called PMKVY 2.0, moved to a grant-based model where the training and assessment cost would be directly reimbursed to training providers and assessment bodies in accordance with common norms.