Role of skill development in the $5 trillion economy

Prime minister has set a target for India to be a $5 trillion economy by 2024. skill development is the key in the various sectors that would drive this growth. India having half of its population below the age of 25, the country has the world’s youngest population.
According to the economic survey,

The working age population in the country will grow by roughly 97 lakh per year during the coming decade and 42 lakh per year in the 2030.

Central and State Skill development programmes

Here is a list which presents the schemes of government for skill development.

skill development


  • Pradhan Mantri Kaushal Vikas Yojana
  • Skills acquisition and Knowledge awareness for livelihood promotion (SANKALP)
  • UDAAN (Special industry initiative for J & K)
  • Pradhan Mantri Kaushal Kendra
  • Recognition of prior learning
  • Apprenticeship training
  • National Apprenticeship promotion scheme
  • Craftsmen training scheme
  • Deen Dayal Upadhyaya Grameen Kaushalya yojana
  • Deendayal Antyodaya Yojana
  • Samarth (Textile Sector)
  • Scheme for higher education youth in Apprenticeship and skills
  • Skill development for minorities
    • Seekho aur kamao
    • Upgrading the skills and training in traditional Arts/Crafts for Development (USTAD)
    • Nai Manzil
    • Maulana Azad National Academy for skills.

State specific Programmes

  • Mukhya Mantri Kaushal samvardhan yojana – Madhya Pradesh
  • Kaushal Yuva programme – Bihar
  • Mukhya Mantri Shram Shakti Yojana – Bihar
  • – Karnataka
  • Kaushalya Vardhan Kendra – Gujarat
  • SURYA – Haryana
  • SAKSHAM – Haryana
  • Seekho-Sikhao – Haryana
  • S-Mart (Skill Mart)

The skills ecosystem that has been created could also address the needs of those firms who find it difficult to identify the right people to employ.

Ministry of Skill Development And Entrepreneurship

Indian Ministries and their objective

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