The Cabinet Committee on Economic Affairs today approved a scholarship support in the amount of rupees. Rs 3,054 crores for students who are interned under the National Apprenticeship Scheme (NATS) of the Ministry of Education for the period 2021-22 to 2025-26.
About 9 million students will be trained by industrial and commercial organizations. NATS is a well-established Indian government scheme that has been shown to increase the employability of students who successfully complete vocational training.
Interns who complete postgraduate studies and graduate programs in Engineering, Humanities, Science and Commerce will receive a scholarship of Rs 9,000 and 8,000 per month, respectively.
The government has approved spending over Rs. Rs 3,000 crore over the next five years, which is approximately 4.5 times the cost of the previous 5 years. The increase in apprenticeship spending is in line with the direction that the 2020 National Education Policy gives apprenticeship.
In line with the government’s focus on “SabkaSaath, SabkaVikas, –SabkaVishwas, SabkaPrayaas”, the scope of NATS has been further expanded to include humanitarian, natural and commercial students in addition to engineering students. The scheme aims to improve skill standards by strengthening the skills ecosystem and, as a result, will provide jobs for approximately 7,000 young people over the next five years.
NATS will provide internships in new areas under Manufacturing-Related Incentives (PLI) such as mobile manufacturing, medical device manufacturing, pharmaceuticals, electronics / technology products, automotive, and more. sectors identified in the Gati Shakti.