To facilitate skill development in India, the Skill India campaign was launched by the Ministry of Skill Development and Entrepreneurship. One of the main objectives of this scheme is to train more than 40 crore individuals by 2022.

Some of the skill development programmes that have been launched in India are as follows -

  • Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDUGKY) – This scheme provides training to the rural poor at a minimal cost. The beneficiaries under this programme are rural youth within the age group of 15 – 35 years who are members from the socially backward group and women up to 45 years of age. This programme offers scope for career progression, international placements and post-placement support.

  • Pradhan Mantri Kaushal Vikas Yojana (PMKVY) – This scheme aims to train the youth of India and provide them with necessary skills so that they are prepared to face global market challenges. It provides them with essential financial aid and certificate on completion of the training programme. This certificate will enable them to secure a job in future.

  • National Skill Development Corporation – This is a partnership between public and private entities to focus on developing skills for the members of marginalized groups and providing them with suitable employment. This initiative also plans to establish a framework for specific industries to improve productivity and output quality.
Youths who have undergone training with skill development program can be self-employed by starting their own business. They can avail the necessary funds to start their business set-up by opting for a loan against property.