National Apprenticeship Training Scheme (NATS) 2024
The Indian government has initiated the registration process for the National Apprenticeship Training Scheme (NATS) 2024. This program aims to help young people with technical qualifications gain practical skills and knowledge in their fields.
What is NATS 2024?
NATS 2024 is a one-year program where young people work as apprentices in different organizations. They learn on the job, guided by experienced managers who use specially designed training modules. This is a unique opportunity for young, technically qualified individuals to gain valuable work experience. At the same time, it provides MSMEs with a cost-effective way to train and potentially hire skilled workers. T
How it Helps MSMEs?
MSMEs, which are crucial for creating jobs in India, can benefit greatly from this scheme:
1. Access to Trained Talent: The scheme helps bridge the gap between what employers need and the skills available in the job market.
2. Cost-Effective Training: The government reimburses 50% of the stipend paid to apprentices.
3. Industry-Ready Workers: MSMEs get workers who are ready to contribute from day one after training.
4. Flexibility in Hiring: After the training, companies can choose to keep or let go of the apprentices based on their performance.
5. CSR Opportunity: Companies can use their Corporate Social Responsibility (CSR) funds for this training and claim it as a CSR expense.
6. Reduced Recruitment Costs: As apprentices are trained quickly and become productive, it cuts down on lengthy recruitment processes.
How to Get Involved?
The new NATS 2.0 portal is now available at https://nats.education.gov.in/. Both young people looking for apprenticeships and MSMEs interested in participating in the scheme can register here.