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Significant Increase in Apprentice Stipend Announced by Central Government

The central government has announced a remarkable increase in the apprentice stipend, now set at ₹12,300 per month, reflecting an over 80% rise. This change, part of a broader update to the Apprenticeship Act, aims to enhance opportunities for youth in the workforce. Key modifications include the introduction of degree apprenticeships and new trainee regulations for companies. These updates are expected to significantly benefit young individuals seeking apprenticeship opportunities across various industries. Read on to discover more about these important changes and their implications for the future of apprenticeships in the country.
 

Apprentice Stipend Boost



Apprentice Stipend Update: Exciting news for the nation's youth! The central government has announced a substantial increase in the apprentice stipend, raising it by over 80%. This update comes from a recent notification issued by the Ministry of Skill Development and Industry. Alongside this increase, several modifications have been made to the Apprenticeship Act, which are expected to benefit young apprentices significantly.


Details of the New Stipend

The government has established a stipend for youth undertaking apprenticeships within companies across the country. Previously, the stipend was set at ₹6,800 per month. Following the recent changes, this amount has now been elevated to ₹12,300 per month, marking an impressive increase of more than 80%.


Changes to the Apprenticeship Act

Modifications Overview:


The Ministry of Skill Development and Industry has implemented various changes to the Apprenticeship Act, specifically updating the Apprenticeship Rules of 1992. These adjustments were discussed during the recent 38th Apprentice Council meeting, led by Minister Jayant Chaudhary.


Key changes include promoting degree apprenticeships, offering distance or virtual training options, expanding regional boards, and ensuring comprehensive industry coverage. The ministry has introduced a 'Degree Apprenticeship' initiative that encompasses all courses involving apprenticeships.


New Trainee Regulations

Company Trainee Quotas:


According to the revised Apprenticeship Rules, companies can now employ trainees ranging from 2.5% to 15% of their total workforce, including contract workers. However, a stipulation requires that at least 5% of the total positions be reserved for new trainees and those holding skill certificates. The notification clarifies that if the reserved positions for new trainees remain unfilled, other trainees may be appointed to those vacancies.