Why is it in the news?
→ MSDE signed a MoU with the World Economic Forum to launch India Skills Accelerator.
→ Initiative aims to strengthen TVET ecosystem and address emerging skill gaps.
Category
Economy
Important Points
- MoU between MSDE and WEF to create a multistakeholder Skills Accelerator.
- The platform brings government, industry, academia and global institutions.
- Focus on industry-linked curricula, mutual recognition of qualifications, outcome-based financing.
- Complements NEP 2020 integrating vocational with general education.
- Targets employability of 500+ million Indians under 25.
- Supports Skill India Mission, PMKVY Phase 4 (2022–26), Jan Shikshan Sansthan.
- National Apprenticeship Promotion Scheme supports apprentices under Apprentices Act 1961.
- Craftsmen Training Scheme via ITIs for long-term vocational training.