PMKVY stands for Pradhan Mantri Kaushal Vikas Yojana.

PMKVY was launched in 2015.

The objective of PMKVY is to provide skill training to the youth of the country, create employment opportunities for the youth, and promote entrepreneurship among the youth.

The implementing agency of PMKVY is the Ministry of Skill Development and Entrepreneurship.

The different components of PMKVY are Short Term Training (STT), Recognition of Prior Learning (RPL), and Special Projects.

The duration of Short Term Training (STT) under PMKVY is 3 months.

The eligibility criteria for Recognition of Prior Learning (RPL) under PMKVY is that candidates should have prior work experience in the relevant sector, a formal education in the relevant sector, or a certificate from a recognized skill training institute.

The benefits of PMKVY include free skill training, stipend during training, and placement assistance.

40 sectors are covered under PMKVY.

The target of PMKVY is to train 20 million youth by 2022.

The budget of PMKVY is Rs. 20,000 crore.

Uttar Pradesh has the highest number of PMKVY training centers.

Construction has the highest number of PMKVY trainees.

The placement rate of PMKVY trainees is 80%.

The average salary of PMKVY trainees after placement is Rs. 15,000 per month.