Pradhan Mantri Kaushal Vikas Yojana (PMKVY)

PMKVY is the Government of India's flagship skill development scheme, launched in 2015 under the Ministry of Skill Development and Entrepreneurship. It provides short-term skill training (typically 3 months to 1 year) to Indian youth in sector-specific skills aligned with the National Occupational Standards (NOS) and the National Skills Qualifications Framework (NSQF). The current iteration, PMKVY 4.0, emphasises industry 4.0 skills (AI, robotics, drones, 3D printing) in addition to traditional trades. The committee's concern is that while PMKVY 4.0 reports large certification numbers, actual placement rates — the percentage of certified trainees who secure wage or self-employment — are not consistently tracked or publicly reported.