More than 32,000 corporate have registered under National Apprenticeship Promotion Scheme (#NAPS) to provide apprenticeship training to the youth across the country. The scheme incentive corporate to train apprentices.
The government has launched the National Apprenticeship Promotion Scheme (NAPS) on 19th August 2016 to promote apprenticeship training and incentivize employers who wish to engage apprentices. NAPS has replaced Apprentice Protsahan Yojna (APY) from 19th August 2016. While APY provided sharing of 50% of the stipend as prescribed by the Government only for the first two years, NAPS has provision for sharing of expenditure incurred in both providing training and stipend to the apprentice as follows:
- Reimbursement of 25% of prescribed stipend subject to a maximum of Rs. 1500/- per month per apprentice to all apprentices to employers.
- Sharing of the cost of basic training in respect of fresher apprentices (who come directly for apprenticeship training without formal training) limited to Rs. 7500/- per apprentice for a maximum duration of 500 hours/3 months.For more information visit www.apprenticeship.gov.in