Centre allots 32K cr for skill development: Union Minister

​Hyderabad: Union government has made a provision to the tune of Rs 32,000 crore for skill development in next three years, Union Minister of State for Skill Development and Entrepreneurship Rajiv Pratap Rudy said here on Friday.

"By next three years, the Centre is committed to a total amount in skilling...the provision made is to the tune of Rs 32,000 crore. Never ever in the history of independent India, this large allocation has been done and this has been done at the instance of the Prime Minister (Narendra Modi) himself," Rudy told reporters.

"The challenge today is to see how this money has to be utilised and...the formulation whether between the ITIs and PMKVY (Pradhan Mantri Kaushal Vikas Yojana) or through the Apprenticeship Scheme which has been completely revised," he said. Rudy recalled that Central government through Cabinet decision for the PMKVY has given the Ministry Rs 12,000 crore.

Under the World Bank scheme of strengthening the institutions of State and Central governments, a loan of USD 1.5 billion was committed. And recently under apprenticeship Scheme another Rs 12,000 crore was given, he said. Out of the Rs 12,000 crore sanctioned for Pradhan Mantri Kaushal Vikas Yojana (PMKVY), 25 per cent of this money will go directly to the States, Rudy said.

"The guidelines for the State governments are being prepared and once the guidelines are ready they will be sent to the States in the next 15 days and the State governments will have to send their proposals, and then we will sanction them," the Minister said.