Pradhan Mantri Yuva Yojana 2025
The Pradhan Mantri Yuva Yojana aims to train and educate the aspiring young entrepreneurs in India about entrepreneurship for a period of 5 years. This scheme launched by Central Government is functional since 2016-17 and will run till 2020-2021. Unemployment is one of the pressing issues found in India. Many youngsters in India still suffer to find a job that matches their profile. Specialising in a subject does not mean you will find a job in the same stream in this highly populated country.
This has made many youngsters come up with their own business plan. On the other hand, youngsters these days are creative and passionate to start a unique business. The spirit of entrepreneurship has touched almost all youngsters in the country. To help youngster achieve their business dreams, The Union Ministry of Skill Development and Entrepreneurship under the leadership of Prime Minister Narendra Modi launched Pradhan Mantri Yuva Yojana (PMYY).
Under this scheme, aspiring young entrepreneurs will be educated and trained about entrepreneurship for a period of 5 years. Launched on 9th November, 2016, this scheme will run for the next 5 years that is from 2016-2017 to 2020-2021.
Highlights of Pradhan Mantri Yuva Yojana
- This scheme was launched and managed by the Central Government of India.
- Over 7 lakh students will get entrepreneurship training through 3,050 training institutions in the next 5 years.
- The training institutions network for this scheme consists of 2,200 institutes of higher learning, 500 ITIs, 300 schools, and 50 entrepreneurship development centres.
- These institutions will have online training methods and students and access study materials at home easily.
- Young entrepreneurs who have made significant contribution to the growth of real assets in the economy will be awarded in a award ceremony which is expected to be conducted on 16th January, 2017.
- Pradhan Mantri Yuva Yojana is for educated youngsters who are not skilled and knowledgeable enough to face global competition.
- Anyone less than 30 years of age can apply for this scheme.
- The Sector Skill Council(SCC) will closely work with the local authorities and industries and pave way for job aggregation.
- The selected candidates who perform well during the training will be given incentives and the ones who are not performing well will have to exit the training.
- Under this scheme, the selected entrepreneurs will be benefited from easy access to mentor network, information, constant support from the training institutions.
- The Ministry of Skill Development and Entrepreneurship has also released lab guidelines which will be followed throughout the scheme.
Advantages of Pradhan Mantri Yuva Yojana
- Pradhan Mantri Yuva Yojana encourages young entrepreneurs in India to actively participate in the economic growth of the country by starting new businesses.
- This schemes not only gives an opportunity for young entrepreneurs to start a new business but it also trains them and prepares them to face global competition.
- With their motivating reward system, they attract lot of youngsters who want to start business and thereby puts them on the right track.
- If this plan is properly implemented and there are many successful entrepreneurs by the end of the scheme, businesses in India will flourish and increase the country’s GDP.
- This scheme will help reduce the unemployment rate in India by employing many eligible people who are still unemployed for various reasons.
How to apply for Pradhan Mantri Yuva Yojana?
The training will be provided through 3,050 training institutions. For more details on the training or to apply for this scheme please visit the government website.
What is the funding or budget of Pradhan Mantri Yuva Yojana?
The funding is provided by the State and the Central Government for this scheme is Rs.499.99 crores.
The main objective of the Pradhan Mantri Yuva Yojana scheme is to make young eligible entrepreneurs in India self-sustainable. This scheme will help in developing Indian economy and motivating youngsters to contribute to the country's cash inflow.
FAQs on Pradhan Mantri Yuva Yojana
- What is the scheme known as Pradhan Mantri Yuva Yojana?
2024's Pradhan Mantri Yuva Yojana. Over a five-year period, the Pradhan Mantri Yuva Yojana aims to teach and educate young Indian entrepreneurs about entrepreneurship. This central government-initiated program will operate from 2016–17 to 2020–2021.
- Are you aware of the Young Entrepreneurs' Pradhan Mantri Yuva Yojana (PMYY)?
Through this program, more than 7 lakh students gain instruction and training in entrepreneurship. These five-year training programs are offered by 3,050 institutes. A network of 2,200 higher education institutions, 50 entrepreneurship development organisations, 500 ITIs, and 300 schools is created by these institutes.
- What is the Yuva Yojana's primary goal?
This program's primary objectives are to inspire the next generation and get them ready for international competition. It was discovered that many entrepreneurs in the Start-up India scheme lacked the necessary abilities to advance in their respective fields or possessed insufficient industry knowledge.
- When and by whom was the PM-YUVA Yojana announced?
On November 9, 2016, the Union Ministry of Skill Development and Entrepreneurship made this program announcement.
- How many educational institutions offer courses on entrepreneurship?
Currently, 3,050 institutions are offering these training courses to promote entrepreneurship.
- For whom is the Pradhan Mantri Yuva Yojana eligible?
The Pradhan Mantri Yuva Yojana is intended for educated youth who lack the necessary knowledge and skills to compete in the global market. Applications for this program are open to anyone under the age of thirty. In order to facilitate employment aggregation, the Sector Skill Council (SCC) will collaborate closely with local government agencies and business sectors.
- What advantages does the PM Yuva Yojana offer?
The government offers emerging young education and vocational training under the PM-YUVA Yojana, enabling them to launch several businesses during a five-year period. Students enrolled in this program receive instruction that enables them to get real-world experience before starting work.
- What is a loan under Pradhan Mantri Yuva?
In addition, the PM-YUVA Yojana encourages social enterprises for growth that is inclusive and makes it simple to connect with a network of entrepreneurs for support. It offers convenient access to a network of over 14 lakh young people who encourage entrepreneurship.
- What is the age limit to apply for the aforementioned scheme?
All age groups with the required educational background are eligible to apply for this program.
- When the course is over, will I get a certification?
Following completion of training and passing the assessment exams, you will get a certificate for this course.
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