MSDE launches DBT scheme to provide direct monetary assistance to apprentices
The Ministry of Skill Development and Entrepreneurship (MSDE) announced that the National Apprenticeship Promotion Scheme (NAPS) will be included in the Direct Beneficiary Transfer (DBT) scheme, which will provide direct government benefits to all apprentices. Previously, companies would pay apprentices the full amount and then seek reimbursement from the government. With the launch of the DBT scheme, the government will directly transfer 25% of the stipend payable up to Rs. 1500/- per month to apprentices’ bank accounts via the National Skill Development Corporation (NSDC).
Union Minister of Skill Development and Entrepreneurship, and Education, Shri Dharmendra Pradhan, lauded the initiative, saying that apprenticeship is getting a big boost under Skill India.
On August 19, 2016, the National Apprenticeship Promotion Scheme (NAPS) was launched to promote apprenticeship training in the country and to provide financial support to establishments pursuing apprenticeship. The program’s goal is to encourage employers to hire apprentices and help them find the right job roles while also maximising their potential through in-depth skill development. More than 12 lakh apprentices are currently working in various industries.
The dream of India becoming the “Skill Capital of the World” appears to be coming true with the implementation of various apprenticeship reforms aimed at developing skilled labour.
