NEW DELHI: To give a boost to vocational training, Government is contemplating extending credit linkages for creation of a pool of skilled workforce.
"By giving access to funds, more people will be encouraged to skill themselves, hence we are working towards credit funding being enabled for vocation training," said adviser to the Prime Minister Skill Development Council S Ramadorai.
He said the 40 per cent per annum jump in education loan business "strengthens" the case for credit funding of skill training.
At present, education loans are available for certain courses, but the feedback is that banks do not lend unless there is collateral, which effectively rules our credit to BPL families, he said while talking of the Government's move.
Ramadorai was speaking at the fourth skill summit organised by FICCI here.
Talking about states of Uttar Pradesh, Bihar, Madhya Pradesh, Rajasthan, West Bengal and Orissa with high rural population, he asked experts in the vocational training field to "reach out their efforts to these states".
He also stressed on synergising all efforts by different ministries on vocational training aspect, saying the involvement of large number of players is leading to considerable "duplication".
"Skill development efforts have certainly gone up with 17 ministries in Central Government, NGOs, vocational training providers, state governments and industry captives being involved.
"However there is a considerable duplication and the cart is being pulled in different directions, slowing us. If all forces are aligned in the same direction, nothing can stop us," he said.
The Government intends to train 500 million Indians by 2022 mainly by fostering private sector intiative in skill development programmes and providing viable gap funding.
Speaking on the occasion, German Ambassador to India Thomas Matussek said they are offering various vocational training programmes to India including a "dual system" programme which entails three day teaching in class room and three day in shop floor.
The training programme, he said, is targeted at all fields of vocational education.
He said India with its huge demographic profile should leverage on its demographic gains and be a source of manpower requirment the worldover.
The Government intends to train 500 million Indians by 2022 mainly by fostering private sector intiative in skill development programmes and providing viable gap funding.
Speaking on the occasion, German Ambassador to India Thomas Matussek said they are offering various vocational training programmes to India including a "dual system" programme which entails three day teaching in class room and three day in shop floor.
The training programme, he said, is targeted at all fields of vocational education.
He said India with its huge demographic profile should leverage on its demographic gains and be a source of manpower requirment the worldover.
