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Third Phase of Flagship Skilling Scheme - PMKVY 3.0

The third phase of the government's flagship skilling scheme Pradhan Mantri Kaushal Vikas Yojana (PMKVY 3.0) was recently launched in 600 districts across all states of the country.
The launch will be done by the Minister for Skill Development and Entrepreneurship.

Skill India Mission PMKVY 3.0 envisages training of eight lakh candidates over a scheme period of 2020-2021 with an outlay of Rs. 948.90 crore.
This phase will focus on new-age and COVID-related skills.
The 729 Pradhan Mantri Kaushal Kendras (PMKKs), empanelled non-PMKK training centres and more than 200 industrial training institutes under Skill India will be rolling out PMKVY 3.0 training to build a robust pool of skilled professionals.
On the basis of the learning gained from PMKVY 1.0 and PMKVY 2.0, the Ministry has improved the newer version of the scheme to match the current policy doctrine and energize the skilling ecosystem affected due to the COVID-19 pandemic.
PMKVY 2.0 broadened skill development with inclusion of Recognition of Prior Learning (RPL) and focus on training. With the advent of PMKVY 3.0, the focus is on bridging the demand-supply gap by promoting skill development in areas of new-age and Industry 4.0 job roles.

The third phase of the scheme is designed to make skill development more demand-driven and decentralised in its approach, with focus on digital technology and Industry 4.0 skills.
In the third phase, District Skill Committees (DSCs), under the guidance of State Skill Development Missions (SSDM), shall play a key role in addressing the skill gap and assessing demand at the district level.

PMKVY is the flagship scheme of the Ministry of Skill Development & Entrepreneurship (MSDE) implemented by National Skill Development Corporation.
The objective of this Skill Certification Scheme is to enable a large number of Indian youth to take up industry-relevant skill training that will help them in securing a better livelihood.
Individuals with prior learning experience or skills will also be assessed and certified under Recognition of Prior Learning (RPL).

The Skill India Mission which was launched by Prime Minister Narendra Modi on July 15, 2015 has gained momentum through the launch of its flagship scheme PMKVY to unlock the vision of making India the ‘Skill Capital’ of the world.
While the National Educational Policy puts focus on vocational training for a holistic growth and increased employability, the role of PMKVY 3.0 will be of a propagator of vocational education at an early level for youth to capitalise on industry-linked opportunities.
The new scheme will be more trainee- and learner-centric addressing the ambitions of aspirational Bharat.
PMKVY 3.0 will encourage healthy competition between states by making available increased allocation to those states that perform better.