Factly #1335 National Apprenticeship Promotion Scheme(NAPS) (3rd March,2020)

News:The Government has informed that around 8.16 lakh candidates have benefitted from the National Apprenticeship Promotion Scheme(NAPS).

Facts:

About NAPS:

• Launched in 2016 by the Ministry of Skill Development and Entrepreneurship(MSDE).

• Aim:Topromote apprenticeship training and incentivize employers who wish to engage apprentices.

• Target:To increase the engagement of apprenticeship from 2.3 Lakhs to 50 Lakhs cumulatively by 2020.

Components of the scheme:

• Stipend support: reimbursement of 25% of prescribed stipend subject to a maximum of Rs 1500/- per month per apprentice with employers.

• Sharing of  cost of Basic Training:Rs7500/- for a maximum of 3 months or 500 hours in respect of  apprentices who come directly to apprenticeship training without any formal trade training.