National Skill Certification and Monetary Reward Scheme

 The objective of this Scheme is to encourage skill development for youth by providing monetary rewards for successful completion of approved training programs. Specifically, the Scheme aims to:

• Encourage standardization in the certification process and initiate a process of creating a registry of skills; and
• Increase productivity of the existing workforce and align the training and certification to the needs of the country.
• Provide Monetary Awards for Skill Certification to boost employability and productivity of youth by incentivizing them for skill trainings.
• Reward candidates undergoing skill training by authorized institutions at an average monetary reward of 10,000 (Rupees Ten Thousand) per candidate.
• This Scheme shall be implemented through Public-Private and Public-Public partnerships.
• NSDC will be the implementing agency for this Scheme and NSDF shall monitor the implementation of the Scheme, using mutually agreed criteria with NSDC.
• The Scheme will provide monetary incentives for successful completion of, market-driven skill training to approximately ten lakh youth in a span of one year from the date of implementation of the scheme.
• All trainings will be specifically oriented for developing skills in specific growth sectors.
• Assessment and training bodies for all purposes of the Scheme will be separate and no overlap of roles will be allowed to maintain transparency and objectivity.
• The monetary reward will be wholly funded by the Ministry of Finance, Government of India, and will be affected through direct bank transfer to the beneficiaries’ accounts.
• Appropriate consideration will be provided to the economically backward sections.