More than 9 Lakhs to be trained under the National Apprenticeship Training Program over the next 5 years with an expenditure of Rs 3,054 crore
The Cabinet Committee on Economic Affairs has agreed to extend the mandate of the National Apprenticeship Training Scheme (NATS). The committee chaired by Prime Minister Narendra Modi has pledged to provide compensatory aid of Rs 3,054 crore to apprentices who will be trained under the program. This amount will be spread over the five-year period from 2021-2022 to 2025-2026 (until March 31, 2026).
About nine lakhs of apprentices will be trained by industry and business organizations. Apprentices who have completed graduate and degree programs in engineering, humanities, science and commerce will receive a stipend of Rs 9,000 and Rs 8,000 per month respectively.
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For the scheme, the government has approved spending of over Rs. 3,000 crore over the next five years, roughly 4.5 times the spending over the previous five years. This increase in learning expenses is in line with the orientation that the National Education Policy 2020 has given to learning.
This program aims to raise skill level standards by strengthening the skills ecosystem and, therefore, will provide employment to around 7 lakhs of young people over the next five years.
NATS is a well-established Indian government program that has been shown to improve the employability of students who have successfully completed apprenticeship training.
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In line with the government’s focus on “Sabka Saath, Sabka Vikas, -Sabka Vishwas, Sabka Prayaas”, the scope of NATS has been broadened to include students of humanities, science and business in addition to students of the engineering sector.
NATS will offer learning in emerging areas of “Production Linked Incentive” (PLI) such as mobile manufacturing, medical device manufacturing, pharmaceutical industry, electronics / technology, automotive industry, and more. The program will also prepare a skilled workforce for the connectivity / logistics industry sectors, identified under Gati Shakti, a national master plan for multimodal connectivity, essentially a digital platform.