Expression Of Interest (EOI) Under PM-SETU, Pg19

Key Highlights:

• The Ministry of Skill Development and Entrepreneurship (MSDE) launched the Pradhan Mantri Skill and Employability Transformation through Upgraded ITIs (PM-SETU) scheme.
• PM-SETU aims to transform Industrial Training Institutes (ITIs) into modern, industry-aligned, and outcome-driven training institutions.
• The scheme promotes industry-led governance through the formation of a Special Purpose Vehicle (SPV) for each ITI cluster.
• Jharkhand's Department of Labour, Employment, Training and Skill Development is inviting Expressions of Interest from Anchor Industry Partners (AIPs) for ITI upgradation.

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Detailed Insights:

• The PM-SETU scheme focuses on enhancing ITI infrastructure with advanced laboratories and digital learning facilities.
• It prioritizes the development of industry-aligned courses, especially in emerging sectors, to meet contemporary job market demands.
• A Hub and Spoke model is integral, where designated Hub ITIs will mentor and support nearby Spoke ITIs to improve training quality.
• Anchor Industry Partners (AIPs) are expected to contribute to planning, implementing training programs, and strengthening apprenticeship and placement opportunities.
• The SPV, formed with the AIP and the State government, will ensure strategic oversight and effective management of the ITI clusters.
• This initiative seeks to significantly improve the employability of trainees by fostering closer collaboration between ITIs and industries.

Key Concepts Involved:

• Pradhan Mantri Skill and Employability Transformation through Upgraded ITIs (PM-SETU): A central government scheme to modernize and industry-align ITIs for enhanced skill development.
• Industrial Training Institutes (ITIs): Vocational training institutions in India providing technical skills for various trades.
• Special Purpose Vehicle (SPV): A legal entity created for a specific, limited purpose, often used for project financing or joint ventures.
• Anchor Industry Partner (AIP): A credible industry entity collaborating with the government to provide industry-led governance and support to ITI clusters.