Cabinet Approves ₹60,000 Crore Scheme for ITI Upgradation and National Skilling Centres
| Aspect | Details |
|---|---|
| Event | Union Cabinet approves National Scheme for ITI Upgradation and National Centres of Excellence |
| Date | May 7, 2025 |
| Chaired by | Prime Minister Narendra Modi |
| Financial Outlay | ₹60,000 crore (₹30,000 crore Central Share, ₹20,000 crore State Share, ₹10,000 crore Industry Share) |
| Duration | 5 years |
| Key Components | - Upgrade 1,000 Government ITIs <br> - Establish 5 National Centres of Excellence in Chennai, Ludhiana, Kanpur, Bhubaneswar, Hyderabad <br> - Modernize 5 National Skill Training Institutes (NSTIs) <br> - Train 50,000 trainers |
| Beneficiaries | 20 lakh youth to be skilled |
| Funding Partners | ADB and World Bank to co-finance 50% of Central Share |
| Implementation Model | Special Purpose Vehicle (SPV) for sustained industry partnership |
| Objective | Transform ITIs into industry-aligned, government-owned, industry-managed skill institutes |
| Focus Areas | High-growth sectors like electronics, renewable energy, and automotive |
| Background | Over 14,615 ITIs with 14.4 lakh enrolments; lag in modern infrastructure and industry relevance |