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MP to give five-acre land to private investor for establishing ITI

BHOPAL: Up to Rs 3-crore subsidy will be given to private investors for opening ITI in unservised development blocks on capital expenditure involving building construction, equipment etc.

Besides, the state government will reimburse training fee for 50 per cent seats. Mission for skill development as envisaged in government’s Vision Document-2018 will impart skill development training to 6-10 lakh youths. These amendments have been made in Technical Education and Skill Development Policy-2012 to fulfil this objective.

Technical Education and Skill Development Minister Umashankar Gupta informed that 5 acre free government land will also be provided for establishment of ITI. He informed that the government will also reimburse 50 percent training cost. Skill Development Centres will be established in rented buildings permanently.

Two new provisions have been made in the policy to provide hostel facility to students. Lodging fee of Rs. 1000 per student per month will be provided to trainees living in state-sponsored hostels. Up to 50 per cent cost of construction of hostel for trainees sponsored by state government.

Additional incentive relief of Rs 3,000 per student will be given to skill development providers who ensure placement of 50 per cent trainees. Limit of subsidy for purchase of equipments for skill development centres has been increased from Rs. 2.50 lakh to 25 per cent of cost of equipments up to a maximum of Rs 10 lakh, whichever is less.

Collectors will make efforts to help skill development centre get space in government/private educational institutions or other government buildings on the rent prescribed by collectors.