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PMKVY 3.0 envisages training of eight lakh candidates over the scheme period of 2020-2021, with an outlay of ₹948.90 crore.
Spearheaded by the Ministry of Skill Development and Entrepreneurship, this phase will focus on new-age and COVID-related skills, an official statement said.
Union Minister for Skill Development and Entrepreneurship Mahendra Nath Pandey will launch the scheme.
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On the basis of the learning gained from PMKVY 1.0 and PMKVY 2.0, the Skill Development and Entrepreneurship Ministry has improved the newer version of the scheme to match the current policy doctrine and energize the skilling ecosystem affected due to the COVID-19 pandemic.
The Skill India Mission which was launched by Prime Minister Narendra Modi on July 15, 2015 has gained momentum through the launch of its flagship scheme PMKVY to unlock the vision of making India the ‘Skill Capital’ of the world.