Launched in the year 2015 by the Government of India, the Nai Manzil scheme is one of many which aims to develop the education and placement scenario of the country. While government schemes like Padho Pardesh, Vidyalakshmi and another aim to assist students with education loans on a property, this scheme aims to provide training to its beneficiaries.
While pupils from India can easily avail loan against property to finance their academics, dropouts can avail the training under this scheme to aid in their employment.
The Salient Features Of This Scheme Are Discussed Underneath:
# Proper On-Field Training: The training modules focus on industry-based skills, therefore preparing the trainee to directly join relevant industries.
# Basic Education: An open-state schooling system has been implemented under this scheme to increase the rate of education in India.
# Aid In Placement: The target set for placement of youth enrolled under this initiative stands at 70%. Consequently, this initiative can be extremely effective in aiding job placement of youths who do not prior to the industry-specific training.
# Assistance After Placement: Unlike lump-sum aid from study loans, enrolled students get a stipend of Rs. 1000 during their training, which can go up to Rs. 1500 per month during the skilled training period. Furthermore, Rs. 2000 is also granted during the first 2 months of employment.
Nai Manzil scheme can only be availed by individuals below poverty line (BPL). Youth finding placement under this scheme are also eligible for Provident Fund, Employee State Insurance, etc. To be eligible, their age should be between 17 and 35 years. Unlike in the case of student loans in India, only minorities can apply for this scheme.