Corporate Sector to Amplify Youth Employability with Skill Centers

The Centre urges the corporate sector to establish in-house skill centers to enhance youth employability, supported by the Prime Minister Internship Scheme targeting to skill 1.25 lakh youth initially. The initiative is part of CSR to capitalize on India's demographic dividend, involving major companies like ITC and Reliance.

The Centre has made a call to the corporate sector to establish skill centers in-house, aiming to enhance the employability of graduating youth and boost the hiring landscape, a move confirmed by an official on Tuesday.

Secretary of the Ministry of Corporate Affairs, Deepti Gaur Mukherjee, emphasized the urgent need for a skilled youth force during an event organized by the Confederation of Indian Industry (CII). Under the newly launched Prime Minister Internship Scheme (PMIS), the focus is on equipping 1.25 lakh youth with crucial skills in the pilot phase, expanding to one crore over five years.

Corporate icons like ITC, Emami, Reliance, and HDFC Bank are pioneering this initiative. The program is embedded in CSR, rather than traditional HR, providing companies flexibility and benefiting them through a more employable workforce.