SME Times News Bureau | 11 Feb, 2019
Under the Pradhan
Mantri Kaushal Vikas Yojana 2016-20, as on 24.01.2019, 37.32 lakh (appx.)
candidates have been trained under Short Term Training (STT) (25.25 lakh),
Recognition of Prior Learning (RPL) (11.27 lakh) and Special Project (0.8 lakh)
in various sectors across the country, said an official statement on Tuesday.
launched “Skill Loan Scheme” with a view to support youth by providing a loan
facility to individuals who intend to take up skill development courses as per
the Skill Loan eligibility criteria, the release quoting Union Minister for
Skill Development and Entrepreneurship Dharmendra Pradhan, added.
Skill Loan Scheme
is applicable to all the member banks of Indian Bank Association (IBA) and any
other bank and financial institution including Micro Finance Institution
regulated by Reserve Bank of India (RBI), said the statement.
Bank of India
being the lead bank of Ministry of Skill Development & Entrepreneurship has
been the first bank to notify and implement such a Skill Loan Scheme.
The Loans are
available in the range of Rs.5,000/- to Rs.1,50,000/-. As per the information
collected from IBA, during the financial year 2017-18, a total amount of Rs
29.06 crore was disbursed against 3551 number of accounts.
the FY 2018-19 (till Dec’18) a total amount of Rs 19.46 crore was disbursed
against 2429 accounts.