Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is the flagship scheme of the Ministry of Skill Development & Entrepreneurship (MSDE). The objective of this Skill Certification Scheme is to enable a large number of Indian youth to take up industry-relevant skill training that will help them in securing a better livelihood. Individuals with prior learning experience or skills will also be assessed and certified under Recognition of Prior Learning (RPL).

The Union Cabinet on 13th July 2016, Approved the Pradhan Mantri Kaushal Vikas Yojana(PMKVY) with an outlay of Rs.12000 crore to impart skill training to one crore people over the next four years(2016-2020). Pmkvy will impart fresh training to 60 lakh youths and certify skills of 40 lakh persons acquired non-formally under the Recognition of Prior Learning(RPL). The target allocation between fresh trainings and RPL will be flexible and interchangeable depending on functional and operational requirements, an official statement said.

The Scheme, completely aligned to the common norms as notified earlier, would move to grant based model where the training and assessment cost would be directly reimbursed to training providers and assessing bodies in accordance to the Common Norms.

Financial Support to Trainees will be given in the form of travel allowance, boarding and lodging costs, Post Placement Support would be given directly to the beneficiaries through Direct Benefit transfer(DBT). 

Disbursement of training Cost to Training Partners will be linked to Aadhar and Biometrics for Better Transparency and targeting. Skill Training would be done based on industry led standards aligned to the National Skill Qualification Framework(NSQF).