Government will transfer benefits to apprentice accounts through Skill Development Corp



The government will transfer its contribution directly to apprentices’ bank accounts through the National Skill Development Corporation, an official statement said on Saturday.

The Ministry of Skills Development and Entrepreneurship has announced that the National Apprenticeship Promotion Scheme (NAPS) will be part of the Direct Beneficiary Transfer Scheme (DBT).

Skills Development and Entrepreneurship Minister Dharmendra Pradhan said the first batch of apprentices had received a stipend grant in their accounts through DBT under the NAPS.

“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 transfer its contribution directly to apprentices’ bank accounts through the National Skill Development Corporation ( NSDC), 25% of the allowance payable up to Rs 1,500 per month,” he said in the statement.

The NAPS was launched on August 19, 2016 to promote apprenticeship training in the country and provide financial support to institutions undertaking apprenticeships.

The program aims to motivate employers to hire apprentices and help them discover the right roles while maximizing their potential through in-depth skills development.

To date, more than 12 lakh apprentices have been engaged in various industries.

“India’s dream of becoming the ‘skills capital of the world’ seems to be on its way to being realized with the introduction of various apprenticeship reforms aimed at building a skilled workforce. It is expected that these programs be further strengthened in the coming years and all contracts will be DBT contracts,” the statement read.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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