News: Government mulling credit linkages for creation of skilled workforce

Skilling

Government mulling credit linkages for creation of skilled workforce

In a bid to boost the vocational training, the Government is contemplating extending credit linkages for creation of a pool of skilled workforce. The Government intends to train 500 million Indians by 2022 mainly by fostering private sector initiative in skill development programmes and providing viable gap funding.

In a bid to boost the vocational training, the Government is contemplating extending credit linkages for creation of a pool of skilled workforce. The Government intends to train 500 million Indians by 2022 mainly by fostering private sector initiative in skill development programmes and providing viable gap funding.
S Ramadorai, advisor to the Prime Minister Skill Development Council is of the opinion that enabling credit funding for vocational training would encourage people to skill them. Accordingly the 40 per cent per annum jump in education loan business "strengthens" the case for credit funding of skill training.
At present skill development efforts have certainly gone up with 17 ministries in Central Government, NGOs, vocational training providers, state governments and industry captives being involved.
 

Read full story

Topics: Skilling, #Updates

Did you find this story helpful?

Author


QUICK POLL

What kept you sailing through your work life in 2020?

2 months free subscription
q_auto,f_auto/v1612527885/mag-february-2021.png

Subscribe to all new People Matters HR Magazine

.

Subscribe
And Save 59% plus Two months free

Subscribe now

How are you tracking performance of your employees in a post-COVID workplace?

READ the February 2021 issue of our magazine to find out how organizations are doing it.

Read Now