Cabinet approves ₹ 60,000 crore scheme for ITI upgradation, know complete news


Photo:INDIA TV Prime Minister Narendra Modi and other ministers participating in the Union Cabinet meeting in New Delhi on Wednesday.

The central government on Wednesday took a big step towards change in India’s vocational education. The government approved the national plan to establish five National Excellence Centers for Industrial Training Institute upgradation and skill development. According to PTI news, a total of Rs 60,000 crore will be spent for this scheme. The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi.

1,000 government ITI upgradation

According to the news, the official statement said that the scheme aims to upgrade 1,000 government ITIs in the hub and spoke system with new trade (syllabus) and increase the capacity of five national skill training institutes (NSTIs), including establishing five national excellent centers for skill development in these institutions. According to the announcement made in Budget 2024-25 and Budget 2025-26, the centrally sponsored scheme will be implemented with an expenditure of Rs 60,000 crore.

Whose share in expenses

The expenditure includes a central part of Rs 30,000 crore, state share of Rs 20,000 crore and industry share of Rs 10,000 crore. Apart from this, co-owner will also be done by the Asian Development Bank and the World Bank to the 50 percent limit of the central part. The purpose of the scheme is to establish the existing ITI as ambitious institutions of government-owned skills in collaboration with the state governments and industry.

20 lakh youth will be made efficient

Over a period of five years, 20 lakh youth will be made efficient through syllabus that meet the needs of human capital of industries. This will focus on ensuring alignment between local workforce supply and industry demand, which will facilitate industries including MSME to reach out to employment workers. For the first time, the plan attempts to establish intensive industry relations in the plan and management of ITI upgradation on a continuous basis.

Under this scheme, infrastructure will be upgraded to five NSTIs to improve trainers training (TOT) facilities, ie Bhubaneswar, Chennai, Hyderabad, Kanpur and Ludhiana. In addition, 50,000 trainers will be provided service pre-service and service training.

Latest Business News

Leave a Reply

Your email address will not be published. Required fields are marked *