Union Cabinet approved National Policy for Skill Development and Entrepreneurship 2015

The Union Cabinet on 2 July 2015 approved the India’s first integrated National Policy for Skill Development and Entrepreneurship 2015. The Policy acknowledges the need for an effective roadmap for promotion of entrepreneurship as the key to a successful skills strategy.

Vision of the National Policy for Skill Development and Entrepreneurship 2015

• The Vision of the Policy is to create an ecosystem of empowerment by Skilling on a large Scale at Speed with high Standards.
• It aims to promote a culture of innovation based entrepreneurship which can generate wealth and employment so as to ensure Sustainable livelihoods for all citizens in the country.

Thrust areas of the National Policy for Skill Development and Entrepreneurship 2015

• It addresses key obstacles to skilling, including low aspirational value, lack of integration with formal education, lack of focus on outcomes, low quality of training infrastructure and trainers, etc.
• The Policy seeks to align supply and demand for skills by bridging existing skill gaps, promoting industry engagement, operationalising a quality assurance framework, leverage technology and promoting greater opportunities for apprenticeship training.
• Equity is also a focus of the Policy, which targets skilling opportunities for socially/geographically marginalised and disadvantaged groups.
• Skill development and entrepreneurship programmes for women are a specific focus of the Policy.
• In the entrepreneurship domain, the Policy seeks to educate and equip potential entrepreneurs, both within and outside the formal education system.
• It also seeks to connect entrepreneurs to mentors, incubators and credit markets, foster innovation and entrepreneurial culture, improve ease of doing business and promote a focus on social entrepreneurship.

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