Chairman and Managing Director of Hindustan Aeronautics Limited (HAL) T. Suvarna Raju received the cheque of Rs 82,19,368 on behalf of his company for playing a constructive role under the NAPS at the ‘Kaushal Mahotsava’ programme organised by the Ministry of Skill Development and Entrepreneurship.
Rajiv Pratap Rudy, Union Minister of State for Skill Development and Entrepreneurship, was also present on the occasion.
“As per the scheme, 25 per cent of the prescribed stipend payable to an apprentice is reimbursed to the employers directly by the Government of India. Rs 1,500 per month per apprentice is given by the Government of India to the employers who engage apprentices,” an official release said.
HAL engages maximum numbers of apprentices under NAPS.
National Apprenticeship Promotion Scheme (NAPS), launched on August 19, is a new scheme of Union Government to promote apprenticeship.
In addition to the share of stipend, the Centre also reimburses the cost of basic training, up to a limit of Rs 7,500 for a maximum of 500 hours for three months to Basic Training Providers (BTPs) for apprentices without any formal training.
Prime Minister Narendra Modi on Monday laid the foundation stone of the country’s first Indian Institute of Skills (IIS). He also inaugurated the ‘Kaushal Pradarshini’ (Skill Exhibition) for the youth of Uttar Pradesh.