“If we have to promote the development of our country then our mission has to be ‘skill development and ‘Skilled India’”, stated PM Narendra Modi in his 2014 Independence Day speech, evidently expressing his conviction of seeing India as an increasingly skilled nation. India happens to be one of the youngest nations of the world with about 62% of its population falling under the working category.
Surprisingly, while for the rest of the world the employable population is expected to decline by 4%, for India, on the other hand, it is expected to rise by 32%. Therefore it becomes all the more crucial that skill development forms the core of India’s overall development. In today’s era of progressing globalization and technological volatility, Skill building is an important instrument to increase the efficacy and quality of labour for improved productivity and economic growth.
Skill India initiative was launched in the year 2015 with the vision of creating an empowered workforce by the year 2022 by training forty-crore Indians in a variety of fields. Pradhanmantri Kaushal Vikas Yojana happens to be a major component of this initiative and is indeed its flagship program. With proper skill development, it would be fairly easy for the country’s youth to find themselves empowered to be employed in various technology and technique-related jobs.
The Indian government launched the third phase of Pradhan Mantri Kaushal Vikas Yojana (PMKVY 3.0) on January 15 this year to train eight lakh youth across the country. For this, a total budget of Rs 948.90 crore has been allocated for the third phase of PMKVY.
The Indian industrial giants like Tata and Mahindra group of industries have also shown their intention of becoming a part of this stream of training the country’s youth, especially the underprivileged. These training packages include both hard and soft training, adequately supplemented by real-life experiences.
A target of influencing one million individuals by 2022 has been set by Tata Trusts’ talent development effort, Tata Strive. This is aimed to be accomplished by granting 3 lakh potential individuals with employment through skill development. It also targets to improve the lives of 7 lakh people through skill development. According to its official website, a total of 6.5 lakh individuals have been trained under the Tata Strive initiative since 2014.
If we believe the words of Anita Rajan, CEO Tata Strive, then the company currently works to improve and raise the lives of millions of individuals, primarily young. It also aims at the overall development of the individual.
To prepare the young members of the corporate world, the Mahindra Pride School trains its fellow students in spoken English, grooming, and computer skills. It also hails to be the achiever of 100% placement record following its flagship 90-day training program.
Companies like CEAT have for the longest time been looking forward to training and employing a large section of the potential youth, improving not only their lives but instilling amongst them the element of self-confidence, independence, and employability.
