The Cabinet Committee on Economic Affairs has today given its approval for stipend support of Rs. 3,054 crore to the apprentices undergoing apprenticeship training under the National Apprenticeship Training Scheme (NATS) of the Ministry of Education for the period 2021-22 to 2025-26.
Around 9 lakh apprentices will be trained by industry and commercial organizations. NATS is a well established scheme of the Government of India which has been demonstrated to enhance the employability of students who have successfully completed apprenticeship training.
Apprentices completing graduate and diploma programs in engineering, humanities, science and commerce will be given a stipend of Rs 9,000 and Rs 8,000 per month, respectively.
The government has approved an expenditure of more than Rs 1 crore. 3,000 crore during the next five years which is about 4.5 times the expenditure made during the last 5 years. This increased expenditure on apprenticeship is in line with the emphasis on apprenticeship by the National Education Policy 2020.
Keeping in view the Government’s emphasis on “Sabka Saath, Sabka Vikas, Sabka Vishwas, Sabka Prayas”, the scope of NATS has been further expanded to include Humanities, Science and Commerce students besides engineering stream students. The objective of the scheme is to raise the skill level standards by strengthening the skill ecosystem and as a result, around 7 lakh youth will get employment in the next five years.
NATS will provide apprenticeships under ‘Production Linked Incentive’ (PLI) in emerging sectors such as mobile manufacturing, medical device manufacturing, pharma sector, electronics/technology products, automobile sector etc. The scheme will also create skilled manpower for the connectivity/logistics industry. Areas identified under dynamics.