{"id":4809,"date":"2022-01-20T04:48:07","date_gmt":"2022-01-20T04:48:07","guid":{"rendered":"https:\/\/www.indifi.com\/blog\/?p=4809"},"modified":"2022-05-16T10:32:22","modified_gmt":"2022-05-16T10:32:22","slug":"know-how-pmkvy-can-help-you-to-start-your-own-business","status":"publish","type":"post","link":"https:\/\/www.indifi.com\/blog\/know-how-pmkvy-can-help-you-to-start-your-own-business\/","title":{"rendered":"Know-How PMKVY Can Help You to Start Your Own Business?"},"content":{"rendered":"<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-4810\" src=\"https:\/\/www.indifi.com\/blog\/wp-content\/uploads\/2022\/01\/PMKVY.jpg\" alt=\"\" width=\"397\" height=\"300\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Empowering the youth of the country with the right means is crucial as the future of our country largely depends on them. Although customer-friendly business loans enable young entrepreneurs to achieve their dreams in their way, there remains a gap between the skill development taught in schools and expected in the industry. To bridge this gap, the government of India launched Pradhan Mantri Kaushal Vikas Yojana (PMKVY)\u00a0 under the Ministry of Skill Development And Entrepreneurship (MSDE).\u00a0<\/span><\/p>\n<p>Also Read: <a href=\"https:\/\/www.indifi.com\/blog\/what-is-the-pm-kusum-scheme-how-does-it-benefit-the-farmers\/\"><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;what is the pm kusum scheme? how does it benefit the farmers?&quot;}\" data-sheets-formula=\"=lower(R[0]C[-1])\">What Is The PM Kusum Scheme? How Does It Benefit The Farmers?<\/span><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_67_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.indifi.com\/blog\/know-how-pmkvy-can-help-you-to-start-your-own-business\/#What_Is_the_Pradhan_Mantri_Kaushal_Vikas_Yojana\" title=\"What Is the Pradhan Mantri Kaushal Vikas Yojana?\u00a0\">What Is the Pradhan Mantri Kaushal Vikas Yojana?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.indifi.com\/blog\/know-how-pmkvy-can-help-you-to-start-your-own-business\/#How_PMKVY_Helps_You_Start_Your_Own_Business\" title=\"How PMKVY Helps You Start Your Own Business?\">How PMKVY Helps You Start Your Own Business?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.indifi.com\/blog\/know-how-pmkvy-can-help-you-to-start-your-own-business\/#Short_Term_Training\" title=\" Short Term Training\"> Short Term Training<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.indifi.com\/blog\/know-how-pmkvy-can-help-you-to-start-your-own-business\/#Special_Projects\" title=\" Special Projects\u00a0\"> Special Projects\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.indifi.com\/blog\/know-how-pmkvy-can-help-you-to-start-your-own-business\/#Rozgar_and_Kaushal_Melas\" title=\" Rozgar and Kaushal Melas\"> Rozgar and Kaushal Melas<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.indifi.com\/blog\/know-how-pmkvy-can-help-you-to-start-your-own-business\/#Aiding_Placement\" title=\" Aiding Placement\u00a0\"> Aiding Placement\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.indifi.com\/blog\/know-how-pmkvy-can-help-you-to-start-your-own-business\/#Continuous_Monitoring\" title=\" Continuous Monitoring\u00a0\"> Continuous Monitoring\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.indifi.com\/blog\/know-how-pmkvy-can-help-you-to-start-your-own-business\/#Recognition_of_Prior_Learning\" title=\" Recognition of Prior Learning\u00a0\"> Recognition of Prior Learning\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.indifi.com\/blog\/know-how-pmkvy-can-help-you-to-start-your-own-business\/#Benefits_of_PMKVY\" title=\"Benefits of PMKVY\u00a0\">Benefits of PMKVY\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.indifi.com\/blog\/know-how-pmkvy-can-help-you-to-start-your-own-business\/#FAQs_regarding_PMKVY\" title=\"FAQs regarding PMKVY\u00a0\">FAQs regarding PMKVY\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.indifi.com\/blog\/know-how-pmkvy-can-help-you-to-start-your-own-business\/#Who_provides_the_training_under_PMKVY\" title=\" Who provides the training under PMKVY?\"> Who provides the training under PMKVY?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.indifi.com\/blog\/know-how-pmkvy-can-help-you-to-start-your-own-business\/#What_is_meant_by_SSDM\" title=\" What is meant by SSDM?\"> What is meant by SSDM?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.indifi.com\/blog\/know-how-pmkvy-can-help-you-to-start-your-own-business\/#What_are_the_eligibility_criteria_for_PMKVY\" title=\" What are the eligibility criteria for PMKVY?\"> What are the eligibility criteria for PMKVY?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_the_Pradhan_Mantri_Kaushal_Vikas_Yojana\"><\/span><b>What Is the Pradhan Mantri Kaushal Vikas Yojana?\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In order to reduce the number of unemployment among the youth, the Ministry of Skill Development And Entrepreneurship, executed by the National Skill Development Execution (NSDE), launched the PMKVY in 2015. It specifically aimed to provide industry level skill training and know-how to school drop-outs and unemployed people that will help them secure a better living through upskilling. This will assist professionals in building successful businesses and excelling in their business with ease. Individuals will also be assessed and certified based on their prior learning experience and skills under the recognition of prior learning (RPL).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Till now, 13.2 million candidates have benefited from the scheme. Moreover, the scheme aims to train 400+ million youth by 2022. How will the scheme help you start your own business, you ask? Refer to the following points to know why you should enrol for it.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_PMKVY_Helps_You_Start_Your_Own_Business\"><\/span><b>How PMKVY Helps You Start Your Own Business?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Short_Term_Training\"><\/span><b> Short Term Training<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If you are looking to learn the skills in a quicker way, look no further than PMKVY. Enrol on the scheme and learn to apply the skills in the real world. All PMKVY training centres offer sessions on entrepreneurship, employability, financial literacy, and digital literacy to make candidates start their entrepreneurial journey with confidence, no matter what business they are engaged in. Any person, be it a first-time learner or an employed person who is looking to upskill his or her business, can choose from the various courses depending on current job or any previous qualification.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The training sessions last for about 150-200 hrs and fall under the National Skills Qualification Framework.\u00a0 The Indian government pays the entire program fee, and placement assistance is also provided to the candidates.\u00a0\u00a0\u00a0<\/span><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Special_Projects\"><\/span><b> Special Projects\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">PMKVY aims to provide training in special projects that are not specified under National Occupational Standards (NOS)\/Qualification Packs (QPs). Special projects provide training in specialised areas or premises of the government to encourage skilled training in the weaker areas of society. You gain all the practical experience under this component of PMKVY which you need to run your venture successfully.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The scheme aids in creative entrepreneurship, projects associated with international placements along with offering local livelihood, placement opportunities.\u00a0<\/span><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Rozgar_and_Kaushal_Melas\"><\/span><b> Rozgar and Kaushal Melas<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Nothing beats the experience you gain by actually working in the field. Experience through these \u2018rozgar melas\u2019 helps you with that. Conducted by training partners, the melas are held every six months to make you look for better work opportunities in your desired fields.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Along with work experience, you also get crucial mentorship during this time span.<\/span><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Aiding_Placement\"><\/span><b> Aiding Placement\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">PMKVY aims to link aptitude, skill, and knowledge with the industry needs and encourages skilled youth for placement opportunities.\u00a0<\/span><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Continuous_Monitoring\"><\/span><b> Continuous Monitoring\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Inspection agencies conduct certain validations, surprise visits, etc., to maintain the quality standards by self-auditing and following up through the Skills Development Management System.\u00a0 <\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Recognition_of_Prior_Learning\"><\/span><b> Recognition of Prior Learning\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">It is an assessment process used to validate the existing skills possessed by the candidate. Through RPL, you will get exposure to concepts like digital literacy.<\/span><\/p>\n<p>Also Read:\u00a0<a title=\"https:\/\/www.indifi.com\/blog\/top-facts-about-pmry-loan\/\" href=\"https:\/\/www.indifi.com\/blog\/top-facts-about-pmry-loan\/\" target=\"_blank\" rel=\"noreferrer noopener\">Top Facts About PMRY Loan<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Benefits_of_PMKVY\"><\/span><b>Benefits of PMKVY\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The Pradhan Mantri Kaushal Vikas Yojana scheme comes with several advantages like:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The certificate will help you apply for higher education or get a job.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">PMKVY provides relevant skill-based training to the youth of India.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">High-level universities and teaching organisations fall under the scheme.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Candidates are also felicitated with scholarships, loans for higher education under the PMKVY.<\/span><\/li>\n<\/ul>\n<p><b>To sum it up<\/b><\/p>\n<p><span style=\"font-weight: 400;\">PMKVY will help you gain the relevant skill-set required in today\u2019s fast-changing world. Students often find themselves highly unprepared for the market demands when they leave their school or college. Thanks to schemes like PMKVY, they not only make the young entrepreneurs confident but also help them brush up their skills and be successful in their lives.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Once you have acquired all the necessary skills, you can even set up your venture. You would then need funds to help you kickstart your venture, and getting business loans would help you turn your dreams into reality. Good Luck!<\/span><\/p>\n<p>Also Read:\u00a0<a href=\"https:\/\/blog.indifi.com\/pmegp-loan\/\">Everything You Wanted To know About PMEGP Loan<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_regarding_PMKVY\"><\/span><b>FAQs regarding PMKVY\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Who_provides_the_training_under_PMKVY\"><\/span><span style=\"font-weight: 400;\"> Who provides the training under PMKVY?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">With over 2300 training centres all over the country, NSDC has partnered with over 187 training partners who are affiliated with centre and state training providers.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_meant_by_SSDM\"><\/span><span style=\"font-weight: 400;\"> What is meant by SSDM?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">State skill development missions (SSDM) are conducting skill interventions at the state level for targeted groups initiated by the centre and state government.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_eligibility_criteria_for_PMKVY\"><\/span><span style=\"font-weight: 400;\"> What are the eligibility criteria for PMKVY?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Following individuals are eligible to enrol for PMKVY:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Freshers<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">School drop-outs\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The candidate must go through the KYC process by displaying his Voter ID, Aadhar Card, or mobile number for applying for the same.\u00a0<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.indifi.com\/business-loan\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-4591 size-medium\" src=\"https:\/\/www.indifi.com\/blog\/wp-content\/uploads\/2021\/09\/Business-Loan-500x91.jpg\" alt=\"Business-Loan\" width=\"500\" height=\"91\" srcset=\"https:\/\/www.indifi.com\/blog\/wp-content\/uploads\/2021\/09\/Business-Loan-500x91.jpg 500w, https:\/\/www.indifi.com\/blog\/wp-content\/uploads\/2021\/09\/Business-Loan.jpg 716w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Empowering the youth of the country with the right means is crucial as the future of our country largely depends on them. Although customer-friendly business loans enable young entrepreneurs to achieve their dreams in their way, there remains a gap between the skill development taught in schools and expected in the industry. To bridge this [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[141],"tags":[],"_links":{"self":[{"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/posts\/4809"}],"collection":[{"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/comments?post=4809"}],"version-history":[{"count":6,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/posts\/4809\/revisions"}],"predecessor-version":[{"id":5406,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/posts\/4809\/revisions\/5406"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/media\/4810"}],"wp:attachment":[{"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/media?parent=4809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/categories?post=4809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/tags?post=4809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}