Pradhan Mantri Kaushal Vikas Yojana

✦Key Features

• PMKVY 4.0 (2023-): focus on Industry 4.0 skills — AI, ML, IoT, drones, robotics, 3D printing
• Short-term training (STT): 150-300 hour courses at Skill India Centres
• Recognition of Prior Learning (RPL): certification of existing informal skills
• Training and Assessment completely free for beneficiaries
• Monetary reward of ₹8,000 per placement on assessment
• Skill India Digital Hub: centralized platform for skills training (Jan Shikshan Sansthan integrated)
• Integration with PM Vishwakarma scheme for traditional craftsmen

✓Eligibility Criteria

• Indian citizen.
• Typically youth aged 15-35 years.
• School/college dropouts or unemployed individuals.
• Individuals seeking skill upgradation or certification of existing skills.

★Benefits

• Free skill training in various industry-relevant courses.
• Government-recognized skill certification.
• Monetary reward upon successful completion and certification of training.
• Improved employability and entrepreneurial opportunities.
• Access to placement support and job fairs.

▶Application Process

• Register online on the PMKVY portal or visit an authorized training centre.
• Select a skill course and a training partner from the available options.
• Undergo the prescribed skill training program.
• Appear for the assessment and certification examination.
• Receive monetary reward upon successful certification and get placement assistance.

₹ Budget Allocation

12000

Funding Ratio (Centre:State): Partially Central Sector (NDLM) and partially Centrally Sponsored (State-led component).

Historical Context

Launched in 2015 to provide industry-relevant skill training. It has evolved through versions 2.0 (placement-linked) and 3.0 (decentralized) to the current 4.0 (future-skills).