Skill India Mission: All You Need To Know

Introduction

Skill India mission is a long-term strategy to address the shortage of skilled persons and promote faster, inclusive and sustainable growth.

Important facts

• Boston Consultancy Group (BCG) has predicted that by 2020 there will be shortage of 47 million working people in the rest of the world
• There is a skill gap between employment and employability with 56 percent school drop outs with employers finding a skill shortage of 53 percent
• 66 percent (883 million) of Indian population will be in the working age group of less than 35 by 2020 according to Twelfth plan
• Considering the demographic dividend, India will have an advantage over China from the year 2015
• India will have a surplus of 56 million skilled people by 2020 as a result of the Skill India campaign

Nodal Agencies

• National Skill Development corporation
• Ministry of Finance
• Ministry of Skill Development and Entrepreneurship

Funding

• Funding based on PPP mode
• GOI Stake 49%
• Industry stake 51%
• Private participation more than government

Beneficiaries

• Unorganized sector employees 
• Unemployed youth
• School drop outs
• Male employees in unorganized sector 
• Female employees in unorganized sector

Elements of Skill Development

• Motivation – Trainer and Student
• Fresher training 
• Re-Skilling
• Integration
• Recognizing
• Funding
• Monitoring
• MIS
• Aadhar Card linkage
• Rational outlook
• Assessment of increase in income productivity as a result of skilled labor
• New schemes are devised and released under Skill India Mission like Pradhan Mantri Kaushal Vikas Yojana

Challenges

• Magnitude – NSDC requirement of 12 crore skilled manpower in 24 key sectors by 2022
• High order skill sets of efficiency, diverse and geographically suited
• Target demography of different educational and class backgrounds
• Perception – vocational and regular courses
• Integration to fix demand-supply gap
• Lack of labour management system
• Lack of mobility
• Minimal industry role
• Less social acceptability
• Quality of skill development and training programs at stake with lack of infrastructure
• Enrollment in Skill development programs needs awareness among rural masses

Conclusion

• Skill India Mission is projected to improve the skills of the Indian workforce 
• Skill India Mission will make skilled labour a competitive advantage among world nations
• Nearly 833 million of unorganised labour will be trained and placed in industry
• India will emerge as the skill capital of the entire world supplying skilled labor force to the developed nations
• The demand for skilled Indians abroad is going to increase from 2015 after the ageing problem starts in China 
• Skilled workforce will increase the output in the industry both domestic and foreign 
• Skilled people will help save time and increase the efficiency
• A new skill development department will be created resulting in the creation of more jobs in the formal sectorOverall, Skill India mission is a long term strategy initiated by GOI through an umbrella of schemes aimed at developing India as a skilled super power in the entire world

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