Government approves USD 1.5 billion for skill development plan
Government has approved an outlay of USD 1.5 billion for providing apprenticeship training to over 5 million youngsters in the next four years in its quest to create more jobs. The money allocated will be provided as incentive to industries to take more apprentices on board. There are some 230,000 young people who are undergoing apprenticeship training or training on the shop floor at thousands of factories. The government plans to increase this to 5 million by 2019-20.
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