Question: National Apprenticeship Promotion Scheme has an outlay of Rs. 10,000 crore with a target of how much apprentices to be trained by 2019-20?
(a) 65 Lakhs
(b) 60 Lakhs
(c) 55 Lakhs
(d) 50 lakhs
Ans: (d)
Related facts:
- On 5 July, 2016 the Union Cabinet chaired by the Prime Minister Narendra Modi has approved a National Apprenticeship Promotion Scheme.
- The Scheme has an outlay of Rs. 10,000 crore with a target of 50 lakh apprentices to be trained by 2019-20.
- Currently 2.30 lakh youth are undergoing training of Apprenticeship at thousands of factories.
- The Scheme would be implemented by Director General of Training (DGT) under Ministry of Skill Development and Entrepreneurship (MSDE).
- 25% of the total stipend payable to an apprentice would be shared with employers directly by Government of India.
- 50% of the total expenditure incurred on providing basic training would be supported by Government of India.
- It is for the first time a scheme has been designed to offer financial incentives to employers to engage apprentices.
Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=146803
http://www.uniindia.com/cabinet-approves-national-apprenticeship-promotion-scheme/india/news/544021.html
http://www.business-standard.com/article/government-press-release/cabinet-approves-the-national-apprenticeship-promotion-scheme-116070500870_1.html
http://bjpkarnataka.org/whats-new/economic-roundup-by-s-vishwanatha-bhat-11-07-2016/