The Ministry of Skill Development and Entrepreneurship was established in India in 2014 to create an overarching structure for the development of skills and entrepreneurship in the country. This ministry has been instrumental in introducing several skill-based programmes and initiatives to develop the skills of the youth. In this article, we take a closer look at the results of the Ministry and its impact on the Indian economy.
Overview of Ministry of Skill Development
The Ministry of Skill Development and Entrepreneurship was established in 2014 to create an overarching structure for the development of skills and entrepreneurship in the country. The ministry works in close collaboration with the National Skill Development Corporation (NSDC) and various other government and non-government organisations to develop and promote skill-based programmes and initiatives. The ministry has also launched several new initiatives such as the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) and the Skill India Mission to develop the skills of the youth and promote entrepreneurship.
Results of the Ministry
Since its inception, the Ministry of Skill Development and Entrepreneurship has achieved several milestones. It has trained more than 1.2 crore people under the PMKVY scheme and established more than 11,000 skill training centres across the country. The ministry has also launched several initiatives such as the Skill Loan Scheme and the National Apprenticeship Promotion Scheme to promote skill development.
Impact on India’s Economy
The Ministry of Skill Development and Entrepreneurship has had a positive impact on the Indian economy. By training the youth and promoting entrepreneurship, the ministry has helped create more jobs and increased the productivity of the workforce. The ministry’s initiatives have also resulted in an increase in the number of skill-based jobs in the country and have helped boost the economy.
The Ministry of Skill Development and Entrepreneurship has achieved several milestones since its inception and has had a positive impact on the Indian economy. The ministry’s initiatives have helped create more jobs and increased the productivity of the workforce. The ministry is committed to providing quality skill-based training to the youth of India and promoting entrepreneurship.
