PSUs brought under the scheme

New Delhi, Jan 24:

In a bid to give fillip to employment generation in Jammu and Kashmir, the Union Cabinet has approved some modifications in its ‘Special Industry Initiative for Jammu and Kashmir’ (Udaan) scheme. The modifications are aimed at making the scheme more flexible and relevant so that more and more youth could get employment.
The Cabinet Committee on Economic Affairs which met here after full Cabinet meeting on Thursday decided that “within the overall central assistance of Rs 750 crore, the flexibility to appropriate the budget among different expense heads will henceforth be allowed.”
Under the new provision, the Public Sector Undertakings (PSUs) will now be able to participate in the scheme and will meet the expenses under their Corporate Social Responsibility (CSR) head.
It has also permitted inclusion of three year engineering diploma holders in the scheme, reimbursement of fixed training cost after minimum three months employment, instead of one year employment, provision of medical/accident insurance, etc.
Under the scheme, 40,000 youth will be trained in five years. The companies which show interest in the scheme and enter into the agreement with the National Skill Development Corporation (NSDC), will screen and select students from the State.
After assessing the skill gap of the trainees, a training module, its duration and nature of training will be designed by the companies. Trainees will be relocated to the training facility. After completion of the training, they will be interviewed for a job with the company and will be placed as far as possible.
The scheme targets youth who are educated, but do not have marketable skills. It includes graduates, postgraduates, three year engineering diploma holders and youth with professional degrees.

source: http://www.GreaterKashmir.com / Home> Business / by Anil Anand / New Delhi, January 24th, 2013