Pradhan Mantri Kaushal VikasYojana (2016 - 2020) is a modified and improved version of PMKVY 2015-2016. It is the flagship outcome-based Skill Training Scheme of the Ministry of Skill Development & Entrepreneurship (MSDE). This Skill Certification Scheme aims to enable and mobilize a large number of Indian youth to take up skill training and become employable and earn their livelihood. Currently, only a very small proportion of Indias workforce has formal skill training of any kind. Not surprisingly, several sectors of the countrys economy face shortage of skilled people and are mired with low productivity due to poor quality of workforce. At the same time, large sections of the countrys youth are looking for economic and livelihood opportunities. In this context, skill development has become a key priority area for the country. This is not only essential for economic development, but would also help to fulfil youth aspirations for good quality, better paid jobs and self-employment opportunities. This would also enable the country to take advantage of its favorable demographic profile. With a large pool of skilled people, India has an opportunity to become a skill provider for the world, particularly the ageing developed world.Institutions comprising of National Skill Development Corporation (NSDC), Sector Skill Councils (SSCs), Assessment Agencies (AAs), and Training Partners (TPs) are already in place for implementation of the Scheme and more may be added during the course of the Scheme.