Tuesday, May 30, 2023

Skill development policy to be reviewed to match global standards


The government may revamp its umbrella framework for skilling in India, after undertaking a review of the National Policy for Skill Development and Entrepreneurship launched in 2015 with a focus on improving productivity to match global standards.

The plan is to create a pool of skilled workforce to cater to new investments being made under the government’s production-linked incentive scheme for over a dozen sectors. The review due in 2020 was postponed in the wake of the pandemic.

Skilling Policy to be Reviewed

The skills development ministry will set up a committee of experts to consider the evaluation study report of the 2015 policy to make necessary recommendations. Besides, a national-level institution with expertise on skilling will be appointed to undertake the impact assessment and recommend changes to the existing policy or the formulation of a new policy to ensure better outcomes over the next five years.

A decision to this effect was made at the recently held second steering committee meeting of the National Skills Development Mission, a senior government official told ET.

Prime Minister Narendra Modi had launched the initiative in July 2015 with an aim to make India the skills capital of the world.

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