Key Highlights
- ₹60,000 crore investment to modernise 1,000 government ITIs and set up five Centres of Excellence.
- Targeting 20 million young people and 50,000 trainers over a five‑year horizon.
- Funding split 30:20:10 crore among central government, states and industry, with 50 % of the central share co‑financed by the ADB and World Bank.
- Seven flagship locations – Chennai, Ludhiana, Kanpur, Hyderabad, Bhubaneswar, plus two additional NSTIs – will host advanced skill programmes.
- The initiative positions vocational training as a key pillar of India’s “Viksit Bharat” vision for 2047.
Detailed Insights
Transformation Goals The scheme seeks to convert existing ITIs into industry‑aligned, government‑owned, industry‑managed skill institutes, addressing infrastructure gaps and introducing contemporary trades.
Financial Structure ₹60,000 crore over five years is apportioned as ₹30,000 crore from the central government, ₹20,000 crore from states, and ₹10,000 crore from industry. Half of the central contribution will be matched by the Asian Development Bank and the World Bank.
Implementation Model A Special Purpose Vehicle (SPV) will facilitate sustained industry partnership, ensuring flexibility in fund allocation based on each ITI’s specific requirements.
Scope of Impact With 1,000 ITIs upgraded and five Centres of Excellence inaugurated, the programme aims to train 20 lakh youth and 50,000 trainers, targeting high‑growth sectors such as electronics, renewable energy, and automotive.
Strategic Significance This effort aligns with India’s 2047 “Viksit Bharat” strategy, elevating vocational education from a low‑prestige activity to an aspirational career path and strengthening India’s global manufacturing footprint.