Context :
MSME apprenticeship may become shorter, better-paid
Extract from the article:
The article discusses the potential transformation of the MSME (Micro, Small & Medium Enterprises) apprenticeship program into shorter, better-paid opportunities.
This shift aims to enhance the attractiveness of apprenticeships, providing improved compensation to apprentices. The proposal includes incentivizing MSMEs to train at least two apprentices annually under the Apprentice Act by subsidizing the stipend paid to trainees by 50%. Moreover, there would be no obligation for MSMEs to absorb the trainees after their training.
The primary goal is to significantly increase the number of apprentices trained annually, addressing the current limitation in funding and time for constructing new training centers.
The focus is on revolutionizing the apprenticeship landscape by making it more lucrative and efficient, ultimately aiming to boost skill development, productivity, and employment opportunities within the MSME sector.
My Take:
Training Shortcut - Online Virtual Reality…….11/01/2024
"Reflecting on my past blog, I emphasized the importance of VR-based training for apprentices, an aspect now gaining traction in the proposed MSME apprenticeship changes.
Offering VR headsets to MSMEs for training could be a game-changer in enhancing skill development and engagement."
For Attn Smt. Sitharamanji - For Budget………31/10/2023
"In my earlier blog addressed to the Ministry for implementation of MaanDhan Scheme, I highlighted the need for incentivizing MSMEs to train apprentices.
The current proposal aligns with my suggestion of subsidizing trainee stipends and eliminating the obligation to absorb them post-training, fostering a more dynamic and sustainable apprenticeship ecosystem."
Apprentices - Hire Any Number Without………………28/01/2022
"Proposing a change in the apprentice-to-worker ratio, I emphasized the potential for increased demand for ITI-trained students.
The extended retention period for ITI-trained workers under the amended Apprentice Act aligns with the objective of making MSMEs more competitive by reducing labor costs.
This could lead to a paradigm shift in the supply chain dynamics, enhancing the overall competitiveness of Indian products in the global market."
Call to Action:
To the Ministry of Skill Development and Entrepreneurship and MSMEs: Embrace the proposed changes in the apprenticeship system to drive skill development, enhance productivity, and create more inclusive employment opportunities within the MSME sector.
Invest in innovative training methods like VR-based programs and consider the long-term benefits of nurturing a skilled workforce through revamped apprenticeship initiatives.
With regards,
Hemen Parekh
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