Important News: Skill Development is one of the 9 pillars of Budget 2016, 1500 Multi Skilling Institutes will help transforming India into Talent Capital of the World: Anindya Mallick

While commenting on Budget’s provision for education and skilling, Deloitte’s Anindya Mallick, Partner, Deloitte Touche Tohmatsu India said – Education, skill development and job creation is one of the 9 pillars of the budget aimed at transforming India by creating a knowledge based productive society. He said in a statement, “It is encouraging to see that improving quality of education has been recognized as a key enabler for education and skilling ecosystem with funds from Sarva Shiksha Abhiyan and a Higher Education Financing Institution with an initial corpus of Rs. 1000 crores proposed for improved teaching and research outcomes”.

He added that the digital penetration at household level through the National Digital Mission expected to cover 6 crore rural households in the next 2 years will give a boost to education and skill development of the young family members with opportunities to access digital platforms for education, skilling as well as upskilling.

 “The Standup India initiative announced with an outlay of Rs. 500 crores targeting at promoting entrepreneurship among women and disadvantaged social classes is also expected to boost skill development as a path to entrepreneurship,” said Mallick.

With achieving skilling of 76 lakh persons under the National Skill Development Mission(NSDM), target of skilling one crore youth under the Pradhan Mantra Kaushal Vikas Yojana(PMKVY) over the next 3 years along with setting up 1500 Multi Skilling Institutes with an outlay of Rs. 1700 crores is expected to go a long way in transforming India as the Talent Capital of the world,” said Anindya Mallick, Partner, Deloitte Touche Tohmatsu India.

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