The program, which was announced in Budget 2024–2025, will be run as a centrally sponsored program, lets learn more about this!
The program, which was announced in Budget 2024–2025, will be run as a centrally sponsored program.
Concerning the Scheme Goal: Establish current ITIs as industry-managed, government-owned, and aspirational skill-building institutions in cooperation with state governments and business. Over five years, the total expenditure came to ₹60,000 crore (Rs. 30,000 crore for the central share, Rs. 20,000 crore for the state share, and Rs. 10,000 crore for the industry share).
It will be equally funded by the World Bank and the Asian Development Bank up to 50% of the central share. The main goal is to upgrade 1,000 government ITIs in hub and spoke arrangements with industry-aligned, redesigned trades (courses).
Capacity Five National Skill Training Institutes (NSTIs) will be expanded, and five National Centers of Excellence for Skilling will be established inside these institutions.
Use an outcome-driven implementation strategy by implementing a Special Purpose Vehicle (SPV) model that is led by the industry.
About the Structure of ITIs: Since the 1950s, ITIs, which are run by state governments, have served as the foundation for Vocational Education and Training (VET) in India.
The Accreditation of ITIs: entrusted to the Ministry of Skill Development & Entrepreneurship's Directorate General of Training (DGT), the highest VET authority.
Status: Approximately 15,034 ITIs are now in operation, with 78% of them being privately held.
Programs include Model ITI, Enhancing Skill Development Infrastructure in Northeast States (ESDI), and Skills Strengthening for Industrial Value Enhancement (STRIVE).
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. The extended vision encompasses the Bharatiya Antariksha Station by 2035 and an Indian Moon Landing by 2040
More than 2 million people in Gaza are food insecure as a result of the worsening hunger crisis, and Palestinian
Responsibility of the Judiciary and Discussion Regarding Internal Investigation Process
During the 9th Joint Defence Committee meeting in Johannesburg, India and South Africa finalized two agreements regarding submarine collaboration
Decline in Net Foreign Direct Investment (FDI)
China's Xi urges EU to manage tensions carefully at Beijing summit marking 50 years of ties
ED raids over 35 sites linked to Anil Ambani in ₹3,000 crore laundering probe
SC stays Bombay HC order acquitting 7/11 blasts convicts, says ruling won’t set legal precedent
Russia plane crash: All 49 feared dead after Antonov An‑24 goes down near China border
ED raids Anil Ambani-linked firms in Mumbai after SBI tags him and RCom ‘fraud’
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