Union Cabinet approved the National Apprenticeship Promotion Scheme

Q.  Union Cabinet approved the National Apprenticeship Promotion Scheme to be implemented by which ministry?
- Published on 07 Jul 16

a. MSDE
b. MSME
c. MoE
d. MoD

ANSWER: MSDE
 
Union Cabinet approved the National Apprenticeship Promotion Scheme having an outlay of INR 10,000 crore with a target to train 50 lakh apprentices by 2019-2020.
  • Scheme will be implemented by Director General of Training under the Ministry of Skill Development and Entrepreneurship.
  • This marks the first time a scheme has been designed to offer fiscal incentives to engage apprentices.
  • Basic training is also supported which is an essential component of apprenticeship exercise.
  • 50 percent of the total expenditure incurred on providing basic training would be supported by the government.
  • According to an official statement 25 percent of the stipend payable to an apprentice would be shared with employers directly by the government.
  • Scheme will catalyse the entire apprenticeship ecosystem within the country and offered a win-win situation for all stakeholders
  • This is expected to become one of the most powerful skill delivery vehicles in the country.

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