International Academic Journal of Economics

  • ISSN 2454-2474

Monetary Rewards in Skill Programmes

Meghna Sharma

Abstract: Skill development in India has been fostered by centralized efforts towards making them affordable and accessible to the vast population of youth across the country. Despite various efforts, mobilisation of youth towards these programmes has been a challenge. In 2013, the Government of India introduced the STAR scheme as a monetary reward scheme with a target to skill one lakh youth across the country. The scheme entailed a direct transfer of a financial reward to beneficiaries upon successful completion of a course. The Ministry of Skill Development and Entrepreneurship, as its flagship programme, re-launched the scheme in 2015 under the name of Pradhan Mantri Kaushal Vikas Yojana (PMKVY). This paper is an attempt to present the findings of an independent evaluation of the STAR scheme and whether the scheme was successful in achieving its intended objectives. Based on the findings, the paper also lays down a roadmap for the PMKVY and other possible monetary benefit scheme for skill development in the future.

Keywords: Skill Development, STAR, PMKVY, Monetary Benefit, Direct Benefit Transfer,

Page: 88-95

Volume 1, Issue 1, 2014