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July 25, 2017

Important Latest News – Budget 2016: 1700 Crore to Ministry of Skill Development – MSDE for Multi Skill Centers under PMKVY led by NSDC and Sector Skill Councils – SSC to strengthen National Skill Mission


A scheme to develop entrepreneurial skills in one crore youth in the next one year under the Pradhan Mantri Kaushal Yojana(PMKVY) has been announced by Finance Minister Arun Jaitley.

For this purpose, he announced setting up of 1,500 units for skill development and set aside Rs 1,700 crore for the same. For placement, he intends to link state employment exchange with the National Career Service.

Small and medium shops will be allowed to remain open all seven days of the week to encourage employment of more personnel to man shops. A model Shops and Establishment Act will be introduced by the Centre for the states to emulate and ratify in due course to achieve this purpose.

Note: News shared for public awareness with reference from leading news e-portal.

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