PMKVY 4.0 FUNDS UTILIZATION

The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) 4.0 stands as a testament to the Indian government’s commitment to fostering skill development among its citizens. With a renewed focus on funding distribution, PMKVY 4.0 aims to streamline the allocation of resources to ensure effective training, placement, and post-placement support for candidates across various sectors.

Under PMKVY 4.0, the Central Government channels funds through an online Direct Benefit Transfer (DBT) portal. This method ensures transparency, accountability, and efficient utilization of resources. The following expenses are covered under the funding:

1. Trainers’ Costs: The Central Government covers the cost of trainers as per the prescribed level, ensuring quality instruction and guidance for candidates.
2. Recurring Facility Maintenance: Funds are allocated to cover the recurring costs associated with maintaining training facilities, ensuring that infrastructure remains conducive to effective skill development.
3. Placement and Post-placement Costs: Expenses related to placement activities and post-placement support are covered as per prescribed norms, facilitating successful transitions into the workforce.

The base cost per candidate varies depending on the sector and is delineated as follows:

• Category I (Rs. 42.50 per hour): This category encompasses trades and sectors with higher complexity or specialized skills.
• Category II (Rs. 36.75 per hour): Trades and sectors listed in this category entail moderate complexity and skill requirements.
• Category III (Rs. 30 per hour): Sectors falling under this category involve basic skills training with lower complexity.

The training cost per candidate includes various components essential for the successful implementation of skill development programs:

1. Mobilization of Candidates: Funds are allocated to mobilize candidates, ensuring adequate participation and representation across different demographics.
2. Post-placement Expenses Tracking/Monitoring: Resources are dedicated to tracking and monitoring post-placement outcomes, ensuring the effectiveness of training programs in facilitating employment.
3. Trainers’ Training: Investment in trainers’ training ensures that instructors remain updated with the latest industry practices and teaching methodologies, enhancing the quality of instruction.
4. Infrastructure Costs/Utilities Amortization: Funds cover the amortization of infrastructure costs and utilities, enabling the maintenance and operation of training facilities.
5. Raw Material: Allocation for raw material ensures that candidates have access to necessary resources for hands-on learning and practical skill development.
6. Teaching Aid: Provision of teaching aids such as textbooks, multimedia resources, and other educational materials enriches the learning experience for candidates.
7. Salary of Trainers: Ensuring competitive salaries for trainers attracts qualified professionals, fostering a conducive learning environment and retaining talent in the skill development sector.
8. Assessment Fees: Funds cover the fees associated with assessments, ensuring standardized evaluation processes and certification of candidates’ skills.

PMKVY 4.0’s funding distribution mechanism represents a significant step towards realizing the vision of a skilled and empowered workforce in India. By prioritizing transparency, accountability, and efficiency in resource allocation, the program aims to maximize the impact of skill development initiatives across diverse sectors. With continued support and strategic investment, PMKVY 4.0 holds the potential to drive socio-economic growth, empower individuals, and strengthen the nation’s position in the global market.

Here’s an overview of the key directives governing the utilization of funds under PMKVY 2023-24:

1. Compliance with Guidelines:

• All implementing agencies, State Skill Development Missions (SSDMs), and the National Skill Development Corporation (NSDC) operating under PMKVY 2023-24 must comply rigorously with the guidelines outlined by the Ministry of Finance and NITI Aayog.
• Funds allocated must be utilized exclusively for the designated purpose or category as per the sanction orders. Any deviation from this mandate is strictly prohibited.

1. Compliance with Guidelines:

• All implementing agencies, State Skill Development Missions (SSDMs), and the National Skill Development Corporation (NSDC) operating under PMKVY 2023-24 must comply rigorously with the guidelines outlined by the Ministry of Finance and NITI Aayog.
• Funds allocated must be utilized exclusively for the designated purpose or category as per the sanction orders. Any deviation from this mandate is strictly prohibited.

2. Segment-specific Funds Utilization:

• Funds earmarked for Special Component Plan (SCP), Tribal Sub Plan (TSP), and the North Eastern Region (NER) are subject to specific utilization protocols.
• These funds are to be utilized solely for the category or geography for which they were originally released. There should be no diversion of these funds for any other purpose.

3. Booking of Expenditure:

• Expenditure incurred on beneficiaries from particular segments or geographies must be accurately recorded and booked under the relevant books of accounts.
• This practice ensures transparency and facilitates proper monitoring of fund utilization, thereby enabling efficient resource management.

4. Approval Process:

• Utilization of funds under PMKVY 2023-24 necessitates approval from competent authorities.
• This stringent approval process ensures that all expenditures align with sanctioned orders and adhere to the prescribed guidelines, fostering accountability at every stage of fund utilization.

In the pursuit of effective implementation and optimal utilization of resources, the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) 2023-24 adheres closely to the General Financial Rules issued by the Ministry of Finance and the guidelines set by NITI Aayog, Government of India. These regulations serve as pillars for ensuring accountability and transparency in the allocation and utilization of funds for centrally sponsored and central sector schemes.

In a concerted effort to foster inclusivity and equal opportunities, the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) and Common Cost Norms (CCN) have introduced special provisions to encourage the participation of Persons with Disabilities (PwDs) in skill development initiatives. These provisions encompass a range of entitlements aimed at facilitating the holistic development and integration of PwDs into the workforce. Here’s an overview of the support mechanisms provided:

These provisions not only aim to address the unique needs of PwDs but also promote their socio-economic inclusion by facilitating their access to skill development opportunities and employment. By fostering an environment of inclusivity and support, PMKVY and CCN strive to create a more equitable and empowered society, where every individual has the opportunity to realize their full potential, regardless of their abilities.