The National Policy of Skill Development and Entrepreneurship 201s focuses on Apprenticeship as one of the key programme for creating skilled man power in India. The policy proposes to pro-actively work with industry including MSME Sector to facilitate ten-fold increase in Apprenticeship opportunity in the country by 2020. To achieve tis target, Government of India, through National Apprenticeship Promotion Scheme (NAPS) has incentivised employers employing apprentices.
DFS, Mof, Gol vide its letter dated 19.05.2017 addressed to all Public Sector Banks informed that Govt. of India has brought reforms and amendments in the Apprenticeship Act,1961 and Rules In December,2014. Banking activities are covered under this Act. Moreover,’ it was also informed that Indian Banks Association (IBA) has been advised to review the model scheme circulated In February,1993.
In furtherance of the Incentives available under NAPS, The Director, Employment & Training and Managing Director, Gujarat Skill Development Mission vide their letter has informed that the Government of Gujarat has announced “Mukhyamantri Apprenticeship Scheme’ The Scheme envisages engagement of one lakh apprentices during the current fiscal in the State by both private and Government Sectors. Under the Scheme, incentives are also available to employers through National Apprenticeship Promotion Scheme (NAPS).
Further, as per NAPS, central I State Government will reimburse the prescribed stipend payable to apprentices engaged by employers. Therefore, the cost to the organization will be nominal in implementing the Scheme.