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Pradhan Mantri Kaushal Vikas Yojana PMKVY Franchise, Cost, Profit 

Pradhan Mantri Kaushal Vikas Yojana PMKVY Franchise, Cost, Profit 

By Startup Authority

PMKVY Franchise: Youths are the future of the country and giving importance to them is a very important step that every country should take. Almost every country in the world including India is focusing quite a lot on the overall development of the youth’s future by providing them with tonnes of opportunities. Similarly, we have a beautiful scheme introduced by the Indian Government popularly known as PMKVY. 

This program or scheme was launched way back in 2015. Pradhan Mantri Kaushal Vikas Yojana is a flagship scheme of the Ministry of Skill Development and Entrepreneurship (MSDE) and was implemented by none other than the National Skill Development Corporation (NSDC). By now, almost every reader has understood what is the meaning and work of Pradhan Mantri Kaushal Vikas Yojana. Now, there are lots of benefits and importance of Pradhan Mantri Kaushal Vikas Yojana. 

The objective of the mission of this amazing scheme is to enable Indian youth to take up various industry-relevant skill training that will help them secure better jobs and livelihoods. The 4.0 of this scheme is designed to enable the delivery of skill training in a market-oriented and demand-driven manner. This scheme aims to train millions of youth in the upcoming few years. 

Pradhan Mantri Kaushal Vikas Yojana (PMKVY ) at Glance 

Pradhan Mantri Kaushal Vikas Yojana is nothing but a flagship scheme of the MSDE. the only mission and goal of this scheme is to enable a large number of Indian youth to take up industry-relevant skill training so that they can get a good job. People who do not have proper financial support can take up such scheme and learn something and can do something good with their life and support their family. 

Individuals who have prior learning experience or have some skills will also be assessed under this scheme and they will be certified under Recognition of Prior Learning. All the skills that the individuals or the youth will learn from this scheme are completely paid for by the Government of India. Yes, you heard it right, people willing to learn something new and willing to do something can take full advantage of this amazing scheme. 

Interestingly, every three to four years, this scheme advances to a new version which features new activities. This helps the younger people in the country to cope with new and updated details. 

Difference Between Pradhan Mantri Kaushal Vikas Yojana (PMKVY) 2.0 and 1.0

Ever since Pradhan Mantri Kaushal Vikas Yojana was introduced in the Indian market, it only grew rapidly and saw different phases. To date the scheme has launched three versions and a new fourth version will be launched very soon for the younger people in the country. Pradhan Mantri Kaushal Vikas Yojana 1.0 was active from 2015-2016 but, very soon 2.0 which started from 2016-2020 was launched. 

There is not much difference between PMKVY 2.0 and 3.0 but, the milestones achieved are surely something to look at. Here are the aims or objectives between PMKVY 2.0 and 3.0:-

PMKVY 2.0PMKYV 3.0
Airmed to train and certify 10 million youth Airmed to train and certify 15-20 million youth 
Focus more and support on setting up greenfield enterprises Focus more on new age and high-end skills like AI, 3D printing, robotics and many more 
Planned to improve placement services and internship Planned to increase innovation and research in skill development 

Features of PMKVY Franchise 

Here are the key features of PMKVY Franchise in the country:-

  • Adhering to standards (National Occupational Standards) NOS 
  • Adhering to standards Qualification Packs also known as QPs for specific job roles
  • Funds are directly transferred to trainees bank account 
  • Training in this scheme are based on the assessment of skill demand 
  • Skill gap studies are a crucial part 

PMKVY Franchise Cost

Yes, you can start a PMKVY Franchise if you are eligible. The registration fee to start this amazing franchise is Rs 12000 only. On the other hand, one must know that the annual monitoring fee is only Rs 8000. Other than these, a fee of Rs 1000 is to be paid by the franchisee for every job role skill the training centre is willing to be affiliated with. 

Recognition and Dedicated Training Centre 

As of 2021, PMKVY has been imparted through 44 training centres across the country. They also have training centres in the state of Goa. 

Courses Coming Under PMKVY Franchise 

There are so many courses available for the youth in this scheme. Candidates can choose from hundreds of courses that they think they are fit for. Here are some of the courses that are offered in this scheme:-

  • Health care course 
  • Beauty and wellness 
  • Iron and steel 
  • Role-playing 
  • Furniture and fitting 
  • Green Jobs course 
  • Electronics course 
  • Goods and Capital course 
  • Automotive course 
  • Plumbing course 
  • Logistics course 

How to Apply for Franchise Under the PMKVY (Pradhan Mantri Kaushal Vikas Yojana)? 

Here are the steps for applying for its franchise:-

  • You need to visit pmkvy’s official become a Training Provider website 
  • Below the official page you can find a registration link which you need to click
  • After you click on it a new page will open up where you need to register yourself 
  • After you have finished your registration you can simply apply for the training program after completing all the payments 

Conclusion 

This scheme has surely helped lots of students who could not afford to educate themselves. Other than that, so many people have opened up franchises which is helping so many locals. We can see a clear and bright future for the country in the coming few years. Every scheme version introduced is doing very well and they will do more in the future.