PM-SETU SCHEME EXPLAINED

The PM-SETU Yojana aims to modernize over 1,000 ITIs with advanced technology to build a future-ready workforce. It strengthens education, skilling, and entrepreneurship, boosting employability, supporting ‘Make in India,’ and unlocking India’s demographic dividend through structural economic transformation.

Description

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Picture Courtesy:  NEWSONAIR

Context

The Prime Minister of India launched the PM-SETU (Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs) scheme and other youth-focused initiatives at the Kaushal Deekshant Samaroh in New Delhi.

What is the PM-SETU Scheme?

PM-SETU is a ₹60,000 crore centrally sponsored scheme to modernize Industrial Training Institutes (ITIs) across India.

Objective: To connect youth with global skill demands by upgrading the Industrial Training Institutes (ITIs) network to meet current and future industry requirements.

Implementation Model: The scheme will upgrade 1,000 Government ITIs across the country using a hub-and-spoke model. This will consist of 200 hub ITIs and 800 spoke ITIs.

Management: The ITI clusters will be government-owned but managed by Anchor Industry Partners to ensure outcome-based skilling that is aligned with market demand.

Key Features: Upgraded ITIs will feature advanced infrastructure, modern trades, digital learning systems, and incubation facilities. Hubs will also host innovation centers, trainer-training facilities, and placement services.

Financial Support: The scheme will receive global co-financing support from the World Bank and the Asian Development Bank.

Initial Focus: The first phase of implementation will place a special focus on ITIs in Patna and Darbhanga.

What are the Other Youth-Focused Initiatives Launched?

Vocational Skill Labs

The Prime Minister inaugurated 1,200 Vocational Skill Labs established in 400 Navodaya Vidyalayas and 200 Eklavya Model Residential Schools across 34 States and Union Territories.

These labs will provide students, including those in remote and tribal areas, with practical training in 12 high-demand sectors such as IT, automotive, agriculture, and tourism.

Key Initiatives in Bihar: A special emphasis was placed on transformative projects for Bihar's youth.

  • Mukhyamantri Nishchay Svyam Sahayata Bhatta Yojana: The revamped scheme was launched to provide a monthly allowance of Rs. 1,000 for two years, along with free skill training, to nearly five lakh graduate youths annually.
  • Bihar Student Credit Card Scheme: The redesigned scheme will now provide completely interest-free education loans of up to Rs. 4 lakh.
  • Bihar Yuva Ayog: A statutory commission for people aged 18 to 45 was inaugurated to channel the energy of the state's youth.
  • Jan Nayak Karpoori Thakur Skill University: The university was inaugurated to impart industry-oriented and vocational courses.

Conclusion

By integrating education, skill development, and entrepreneurship, these initiatives are expected to create opportunities for youth and build a solid foundation for the country's progress.  

Source: NEWSONAIR

PRACTICE QUESTION

Q. While India has a demographic advantage, a mismatch between skills and industry demand remains a major bottleneck. Critically Analyze. 250 words

Frequently Asked Questions (FAQs)

PM-SETU, which stands for "Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs," is a centrally sponsored scheme launched by the Government of India. It aims to upgrade 1,000 government-run Industrial Training Institutes (ITIs) across the country to transform them into modern, industry-relevant training institutions.

The primary goal is to strengthen India's skilling ecosystem and provide young people with modern, industry-aligned skills to enhance their employability. This is done by revamping curricula, introducing demand-driven courses, and fostering a strong link between industry and ITIs.

The scheme will align the curricula of ITIs with the present and future skill demands of the industry. By equipping youth with industry-specific skills through modern machinery and expert training, PM-SETU will help connect Indian youth with global skill requirements and enhance their employability.

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