PMKVY Scheme: Details - Budget & Economic Survey

Q.  Which of the following statement / s is / are correct?

1. Pradhan Mantri Kaushal Vikas Yojana (PMKVY) will converge, coordinate, implement and monitor skilling activities across India and also  be  a  vehicle  to  achieve  the  objectives  of  the National  Policy  for  Skill Development and Entrepreneurship 2015.

2. In Skill Loan scheme, loans ranging from Rs 5,000-1.5 lakhs will be made available to 34 lakh youth of India seeking to attend skill development programmes over the next five years.
- Published on 04 Aug 15

a. Only 1
b. Only 2
c. Both 1 and 2
d. None of the above

ANSWER: Only 2
 
Pradhan Mantri Kaushal Vikas Yojana (PMKVY), the Ministry’s flagship, demand-driven, reward-based skill training scheme will incentivise skill training by providing financial rewards to candidates who successfully complete approved skill training programmes. Statement 1 is regarding National Skill Development Mission.

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