PMKVY stands for Pradhan Mantri Kaushal Vikas Yojana, which is a flagship scheme launched by the Government of India under the Ministry of Skill Development and Entrepreneurship (MSDE). PMKVY aims to empower Indian youth by providing them with skill development training to enhance their employability and earning potential.

Key features of PMKVY include:

1.   Skill Training: PMKVY offers skill training programs across various sectors and industries to equip youth with relevant skills for employment.

2.   Standardized Training: The training under PMKVY is based on National Skill Qualification Framework (NSQF) standards, ensuring quality and standardization in skill development programs.

3.   Industry Partnership: PMKVY encourages collaboration between training providers and industries to ensure that the training programs are aligned with the needs of the industry, thereby enhancing the employability of trained individuals.

4.  Recognition of Prior Learning (RPL): PMKVY also focuses on recognizing and certifying the skills of individuals acquired through informal means or prior experience, enabling them to formalize their skills and enhance their employability.

5.   Financial Support: The scheme provides financial assistance to both training providers and candidates to cover training costs, assessment fees, and other expenses related to skill development.

6.   Placement Assistance: PMKVY emphasizes placement assistance for trained candidates, facilitating their transition into the workforce and ensuring better employment opportunities.

PMKVY aims to skill millions of Indian youth across various sectors and contribute to the country's goal of creating a skilled workforce to meet the demands of a rapidly evolving economy.