Why in the news?

• The Prime Minister launched the PM-SETU scheme at the Kaushal Deekshant Samaroh.

PM-SETU Scheme

• What is it?:
  • Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs (PM-SETU)
  • It is a scheme to modernize 1000 government ITIs across India into industry-aligned, technology-driven, and globally competitive skill training hubs that enhance employability and promote entrepreneurship.
• Nodal Ministry: Ministry of Skill Development and Entrepreneurship (MSDE)
• Scheme Details:
  • Type: Centrally Sponsored Scheme (CSS)
  • Total Investment: ₹60,000 crore
  • Financial Partners: World Bank and Asian Development Bank (ADB) (global co-financing)
• Key Features:
  • Hub and Spoke Model: 200 Hub ITIs linked to 800 Spoke ITIs.
    • Hub: ITIs with advanced infrastructure & smart classrooms acting as innovation and incubation centres.
    • Spokes: Ensure wider access and outreach to rural and semi-urban youth.
  • Industry Collaboration: Help to bridge the industry demand gap
    • Formation of Special Purpose Vehicles (SPVs) with Anchor Industry Partners to manage ITI clusters.
    • Focus on outcome-based training aligned with current and emerging market demand.
  • Multiple Training tracks: Long term diplomas, short term modular courses and Reskilling programmes for working professionals.
  • Emphasis on future-oriented domains such as AI, robotics, EV maintenance, green technologies, logistics, and advanced manufacturing.
  • Centres of Excellence: Five National Skill Training Institutes (NSTIs) to be strengthened as global Centres of Excellence.
  • Phased implementation
• Expected Outcomes:
  • Up-skilling of over 1 crore youth annually.
  • Enhanced industry-employability linkages and higher job placements.
  • Establishment of a sustainable skilling ecosystem integrated with the Skill India Mission and National Education Policy (NEP 2020).
  • Boost to Make in India, Digital India, and Atmanirbhar Bharat through skill competitiveness.