By MarCom |Mar 19, 2021
Minister Charanjit Singh Channi virtually releases research study of strategic significance-"Impact of PMKVY-2 on the Skilling & Employment" - A comparative study of CSCM & CSSM programs
Report jointly prepared by Punjab Skill Development Mission and ISB's Munjal Institute for Global Manufacturing
March 19, 2021, Mohali: Today, Shri Charanjit Singh Channi, Honorable Minister for Technical Education & Industrial Training Government of Punjab, joined online and released an insightful research report titled- "Impact of PMKVY-2 on the Skilling & Employment" at a special programme at the Indian School of Business (ISB), Mohali campus.
The strategic research study has been jointly conducted by Punjab Skill Development Mission, Government of Punjab, and ISBs Munjal Institute for Global Manufacturing. It highlights the on-ground impact of skilling initiatives driven by the central government and the state government in Punjab under Pradhan Mantri Kaushal Vikas Yojana 2 (PMKVY 2).
Addressing the event virtually Shri Channi said, ‘Skilling of the workforce is a crucial pillar for the success of the Indian economy and the Government has taken many initiatives to take it to the next level. The Pradhan Mantri Kaushal Vikas Yojana is one such initiative that can transform the Indian economy. The Government of Punjab and the Indian School of Business have come up with a joint report that studies the impact of PMKVY on skilling and employment. It is a very timely report that comprehensively brings out the effectiveness of PMKVY at the state level. I wish them all the best.’
Presenting the significant finding of the reports Professor Chandan Chowdhury, Executive Director, Munjal Institute for Global Manufacturing, said, "The study shows that the CSSM scheme has been more impactful through the State Skill Development Mission (SSDM) and their robust skilling ecosystem within districts. We are sure that the comparative analysis of both components will give a deep insight into the efficiency of implementing a program by the Centre and State Governments." He also added that based on the CSSM and CSCM 'schemes' comparative analysis, we recommend increasing the share of funds allocation for the CSSM component.
The research team consisting of Professor Chandan Chowdhury, ISB, Dr. Sandeep Singh Kaura, Parvinder Kaur, Project Coordinator, PMKVY, and Arunima Paul ISB conducted a detailed study to analyze the difference in the PMKVY skilling program outcomes between the Centrally Sponsored Centrally Managed (CSCM) and Centrally Sponsored and State Managed (CSSM) training program in the state of Punjab with a dataset of 167,792 records for the CSCM and 22,494 records for the CSSM program. The report analyzed the impact of skilling on employment from different dimensions such as Certification effect on jobs and salary, employment status of trainees after completion through skilling in CSCM and CSSM schemes, placement performance of males and female candidates, monthly wages of trainees after going through skilling programs in CSCM and CSSM schemes, the salary of candidates at different educational level after going through a training program and salary disparity in males and female candidates in CSCM and CSSM schemes. The team also analyzed records of 44966 candidates of CSSM programme to understand the impact of COVID-19 on the skilling initiatives in Punjab.
Shri Rajinder Gupta, Chairman Trident Group, Shri Harpreet Sudan, IAS, Director Employment Generation and Technical Education, Government of Punjab, Shri Anurag Verma, Principal Secretary, Department of Technical Education, Employment Generation and Skill Development and Dr. Raja Sekhar Vundru, IAS, Additional Chief Secretary to Govt. Haryana, Skill Development & Industrial Training Department also shared their thoughts on the report and highlighted how the findings of the report would be beneficial for the launch of PMKVY-3.
The event culminated with a vote of thanks by Dr. Sandeep Singh Kaura, PhD Scholar, ISB, Adviser to Government of Punjab, Skill Development & Technical Education.
The Indian School of Business (ISB) is a global business school offering world class management education to professionals at its two LEED rated green building campuses – Hyderabad and Mohali. A rich and vibrant pool of research-oriented resident faculty, robust academic partnerships, thriving alumni network, and backing of an influential board and guidance of industry’s thought leadership has enabled ISB to fast emerge and consolidate itself as a premier global business school in the emerging markets. The school is also one of the largest providers of executive education in Asia and the most research-productive Indian management institution.
The school, over the last twenty years has grown at a rapid pace and has earned several prestigious accolades. ISB is the youngest business school to consistently rank among the top global MBA programmes. In December 2019 Poets & Quants gave ISB an integrated ranking of #16 worldwide across FT, Forbes, Bloomberg Businessweek and the Economist. The resident faculty is ranked in the top 25 globally in terms of per capita research productivity in the leading global management journals. ISB had the honour of receiving accreditations from the Association of MBAs (AMBA), EFMD Quality Improvement System (EQUIS) and the Association to Advance Collegiate Schools of Business (AACSB). ISB gains the unique distinction of becoming the 100th business school in the world to achieve the coveted ‘Triple Crown’ accreditations- AMBA, EQUIS and AACSB. ISB envisions to become an internationally top-ranked, research-driven, and independent management institute that grooms future leaders for India and the world. To know more about ISB, please visit: www.isb.edu.