SHREYAS

About: 

• Full name: SHREYAS is an acronym for “Scheme for Higher Education Youth in Apprenticeship and Skills”. 
  
  
• Objectives: 
  • To improve employability of students by introducing employment relevance into the learning process of the higher education system. 
    
    
  • To forge a close functional link between education and industry/service sectors on a sustainable basis. 
    
    
  • To provide skills which are in demand, to the students in a dynamic manner. 
    
    
  • To establish an ‘earn while you learn’ system into higher education. 
    
    
  
  
  
• Bodies involved: SHREYAS is a programme basket comprising the initiatives of three Central Ministries, namely the Ministry of Human Resource Development, Ministry of Skill Development & Entrepreneurship and the Ministry of Labour& Employment. 
  
  
• Sectors covered: The scheme will be implemented by the Sector Skill Councils (SSCs) , initially in the Banking Finance Insurance Services (BFSI), Retail, Health care, Telecom, Logistics, Media, Management services, ITeS and Apparel sectors. 
  
  
• Three Tracks in Implementation in SHREYAS: The programme would witness simultaneous implementation along three tracks. 
  • 1st Track: Add-on apprenticeship (Degree apprenticeship): The students who are currently completing the degree programme would be invited to choose a job role of their choice from a selected list of apprenticeship job roles given by the Sector Skill Councils (SSC) of the Ministry of Skills Development and Entrepreneurship (MSDE). 
    
    
  • 2nd track (Embedded Apprenticeship): Under this approach, the existing B.Voc programmes would be restructured into B.A (Professional), B.Sc (Professional) or B.Com (Professional) courses which would include mandatory apprenticeship. 
    
    
  • 3rd Track: Under this, the National Career Service (NCS) portal of Ministry of Labour& Employment would be linked with the Higher Education institutions. 
    
    
  
  
  
• Financing: 
  • Under the National Apprenticeship Promotion Scheme (NAPS), Central Government shares 25% of the stipend per month subject to a maximum of Rs.1500 p.m during the period of the apprenticeship. 
    
    
  • Apart from that, an amount upto Rs.7500 will be met towards basic training cost, where needed. 
    
    
  
  
  
• Target: In all the tracks together, it is proposed to cover 50 lakh students by 2022.