Cabinet approves ₹10k crore apprenticeship plan
The Union Cabinet on Tuesday approved the National Apprenticeship Promotion Scheme worth ₹10,000 crore to train over 50 Lakh apprentices by 2020. Along with support in basic training of apprentices, employers will also be offered financial incentives for engaging apprentices. The decision aims to focus on apprenticeship as a key component for creating skilled manpower in India.