2. Every year around 12 million people are expected to join the
workforce, however their employability is a major concern
57% of Indian youth lack sufficient skill sets to be considered fully
employable.
80% of the Indian workforce does not possess identifiable, marketable skills.
47% of Indian graduates are not employable in any sector of the
knowledge economy.
3. Problems with
existing system
There is a lack of coordination between
the private skill development
organisations and 17 ministries who offer
a multiplicity of programmes.
A company can use an NSDC loan only
for working capital, and equipment and
machinery. It cannot be used for real
estate or opening a facility, so only large
private companies and institutions, which
have means and infrastructure, can serve
better.
Of the 116 courses that a government-run
Industrial Training Institute (ITI) can offer,
only 20 are open to people who have
studied up to Class Eight. The rest are for
those who have studied at least up to
Class 10.
5. Snap Shot of Proposed Solution
•Establish skill development institutes in collaboration with
local industries
•Run awareness campaign to promote…..?
Illiterate
•Revive curriculum of Industrial Training Institute (ITI) to
make them compatible to industries
•…..?
Matriculated
•Mandate English fluency and communication courses in
the collages
•Mandate vocational training for one semester
Graduated
7. Institutional Structure
These institutions will be regulated by district level authorities
• Collaborate with local small scale industries
• Give them incentives such as..?
• Now they can have skilled workforce for their
company
Trainer
Professionals from
small scale industries
• They can get skills required to be
employable in local industries
• Can get hands on experience
Trainees
Mostly local youth