The scheme was first proposed by the Finance Minister in the last Union Budget to allocate Rs 1,000 crore for a scheme that will motivate the youth of this country to acquire a vocational skill. The scheme that is branded as STAR (Standard Training Assessment and Reward) for promotional purposes envisages that a monetary reward that will in financially help those who wish to acquire a new skill or upgrade their skills to a higher level.
While launching the scheme in the capital on August 16th, Hon’ble Finance Minister P Chidambaram said, “This is one of the most ambitious schemes in the country. We have four pillars supporting this. The sector skill councils, the training partners, the assessing agencies and the young men and women without whom there is no scheme.”
The skill development scheme is implemented by NSDC. The monetary reward is strictly depended on obtaining a certificate that will be issued by qualified assessors after necessary tests have been passed. The skills are also benchmarked to National Occupational Standards that have been developed by NSDC with the support of the Sector Skill Councils.
IACM was amongst top training partners worked under STAR Scheme where 30000+ students were mobilised across India.