NAPS
In an endeavor to promote apprenticeship in India, a new scheme, National Apprenticeship Promotion Scheme (NAPS) has been launched by the Government in August 2016. The scheme entails financial support to establishments undertaking apprenticeship programs.
Benefits to the organization
♦ Addresses skill gap for the industry
♦ Industry can design and run apprenticeships in customized courses
♦ Increases availability of industry ready skilled manpower well versed with culture of the company
♦ Reduces attrition
♦ Reduces expenditure on recruitment process
♦ Loyalty factor in apprentices is relatively higher
♦ Financial support from the Government through NAPS
♦ Customised training tailored to specific needs of business
Financial Benefits Under NAPS
♦ Sharing of cost of basic training with Basic Training Providers (BTP); up to INR 7,500 for 3 months
♦ Sharing of 25% of the prescribed stipend, subject to a maximum of INR 1,500 per month per apprentice
Implementing Agencies
Apprenticeship is imple mented by the Ministry of Skill Development and Entrepreneurship at the national level through its implementing agencies.
♦ Directorate General of Training (DGT)
♦ National Skill Development Corporation (NSDC)