Pradhan Mantri Kaushal Vikas Yojana (PMKVY), a specialized scheme, was launched to train India's youth for suitable jobs to enable them to lead an overall better life. The training and assessment fees for all applicants will be reimbursed by the Indian Government. The Government has allocated around Rs. 12,000 crores for funding this scheme.
The monetary reward under PMKVY scheme for various job roles in a particular sector will vary, and it'll be as per the levels of the job role. The amount will be determined after considering certain factors such as the training cost, the trainees' willingness for pay, and other relevant factors.
The following table shows the monetary rewards that will be provided to the candidates after the successful completion of the training. Also, higher incentives will be provided in the fields of construction, manufacturing, and plumbing sectors.
|
For Skills Training |
For Recognition of Prior Learning (RPL) |
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|
NSQF Levels |
Construction, Plumbing & Manufacturing Sectors |
Other Sectors |
Construction, Plumbing & Manufacturing Sectors |
Other Sectors |
|
Level 1 & 2 |
7,500 |
5,000 |
2,500
|
2,000 |
|
Level 3 & 4 |
10,000 |
7,500 |
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|
Level 5 & 6 |
12,500 |
10,000 |
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