NEW DELHI, Jan 24:
The Cabinet Committee on Economic Affairs today approved the modification in the ‘Special Industry Initiative for Jammu and Kashmir’, Udaan scheme making it more ‘flexible and relevant’.
Within the overall Central assistance of Rs 750 crore, the flexibility to appropriate the budget among different expense heads will be allowed.
The Public Sector Undertakings (PSUs) are now allowed to participate in the scheme to meet the expenses under their Corporate Social Responsibility (CSR) head.
The modification also allows inclusion of three year engineering diploma holders in the scheme, reimbursement of fixed training cost after minimum three months employment, instead of one year employment and provision of medical or accident insurance.
Under this scheme, 40,000 youth will be trained in five years. Companies which show interest in the scheme and enter into the agreement with the National Skill Development Corporation (NSDC), will screen and select students from the State.
After assessing the skill gap of the trainees, a training module, its duration and nature of training will be designed by the companies.
Trainees will be relocated to the training facility. After completion of the training, they will be interviewed for a job with the company and placed ‘as far as possible’.
The scheme targets educated youth without marketable skills. It includes graduates, postgraduates, three year engineering diploma holders and youth with professional degrees, an official release said. (UNI)
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