FREE courses from NSDC STAR Scheme

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1. Objectives

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 rupees 10,000 (Rupees Ten Thousand) per candidate.

·         Benefit 10 lakh youth at an approximate total cost of rupees 1000 Crores.

2. Background

The Finance Minister in his Budget Speech of 2013 proposed a scheme to encourage skill development for youth by providing monetary rewards for successful completion of approved training programs.

3. Key Features

·         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 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.

 

4. Eligible Beneficiaries

In line with the objectives stated above, this Scheme is applicable to any candidate of Indian nationality who:

a) Undergoes a skill development training in an eligible sector by an eligible training provider as defined above;

b) Is certified during the span of one year from the date of launch of the scheme by approved assessment agencies as defined above;

c) Is availing of this monetary award for the first and only time during the operation of this Scheme.

The Scheme is currently meant only for candidates availing themselves of skill development trainings from eligible providers. Recognition of Prior Learning may be covered later during the currency of the Scheme. 

5. Placement and Awards

a) The banking network will be used for direct transfer of the funds to the candidates / training provider. The reward corpus will be placed with a nodal bank in each District in consultation with the Indian Banks Association that will then create a consortium to ensure disbursement of the amount into the account of the beneficiary/ies. Details of such Banks in each district would be given wide publicity on relevant websites.

b) Monetary Award for Certification is as follows:

 

Sectors

NSQF Levels 1 & 2

NSQF Levels 3 & 4

Manufacturing Courses

Rs. 10,000

Rs. 15,000

Service & Other Sectors

Rs. 7500

Rs. 10,000