FM Unveils National Skill Certification and Monetary Reward Scheme

The Finance Minister P Chidambaram unveiled on August 16 at New Delhi, the National Skill Certification and Monetary Reward Scheme that will be implemented on pan-India basis.


This is a first of its kind scheme to be launched in the country. The Finance Minister in the last Union Budget had allocated Rs. 1,000 crore for the scheme that will motivate the youth of India to acquire a vocational skill. The scheme is expected to benefit a million people in the first year of its implementation.


The scheme, branded as STAR (Standard Training Assessment and Reward) for promotional purposes, envisages a monetary reward for those who wish to acquire a new skill or upgrade their skills to a higher level.


Launching the Scheme, the Finance Minister said, “This is one of the most ambitious schemes in the country. We have four pillars supporting this. The sector skill councils, the training partners, the assessing agencies and the young men and women without whom there is no scheme.”


He called on all four pillars to come together and work towards achieving the National Skilling Mission.


The National Skilling Mission envisages adding 500 million skilled Indians by the year 2022. While 150 million of this is expected to be contributed by the private sector working under National Skill Development Corporation (NSDC), the rest 350 million will be contributed by 18-odd ministries at the Centre.


The Finance Minister assured the gathering that money will not be a constraint for achieving the National Skilling Target. “If we can skill 10 lakh people in one year, it will be money (Rs. 1,000 crore) well spent.


Offering his ministry’s complete support, Union Minister for Rural Development, Jairam Ramesh said that the focus is not on numbers and targets but on the quality of training and sustaining employment.


Participating at the launch of the new scheme, Deputy Chairman Planning Commission - Montek Singh Ahluwalia urged the industry to invest in skill development and said that when the economic growth comes the industry must not feel the shortage of skilled manpower.


The scheme will be implemented by NSDC. While the scheme envisages covering a million skilled people, sufficient processes have also been pre-defined to ensure that the quality of the skill imparted is worldclass.


The monetary reward is strictly dependent on obtaining a certificate that will be issued by qualified assessors after necessary tests have been passed.


The skills are also benchmarked to National Occupational Standards that have been developed by NSDC with the support of the Sector Skill Councils.


The Finance Minister released the National Occupational Standards and the training courseware for nine sectors which are participating in pilot – automotive, leather, BFSI, security, health, telecom, gems & jewellery, rubber and retail.


The three winners of the Medallion of Excellence at the World Skills Competition held in Germany in July - Bhabesh Jana for Jewellery, Arun Raj Balasubramanium for Graphic Design, and Sarthak Jain for IT Solutions & Applications - were also felicitated by the Finance Minister.

 

 

 

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