Government Schemes (Yojana) in India Part:-21

Government Schemes (Yojana) in India Part:-21

BHIM (Bharat Interface for Money): Detailed

Introduction
India is advancing at breathtaking speed towards a cashless economy and to make digital mode of payment as a habit for people our honourable PM Narendra Modi has launched a new application for mobile payment BHIM (Bharat Interface for Money) on the 30th of December.

What is BHIM?
Bhim is an application for payment through smartphones which is based on the technology of UPI (Unified
Payment Interface).
This app has been created by the NPCI (National Payment Corporation of India) in association with Juspay.
This app is now readily available on playstore which is the android platform the and same for the iOS platform is expected to be launched soon.

Features of BHIM

• It is based on UPI technology
• Enables digital transactions across multiple banks
• It uses IMPS (Immediate Payment Service) for which one has to pay a minimal fee for transactions of 1 lakh or above.
• It links directly to one’s bank account

How to use

• On downloading the app users will be asked to verify their mobile numbers which are linked with their respective bank account.
• After verification the app will show a list of all the bank accounts linked to the mobile number.
• One has to select the account he or she wants to make transactions through
• After selecting the account the user has to enter a 4 digit code (UPI PIN) to make transactions through the app
• The payment address will be set as the mobile number which is entered for verification which can be changed later.

Positive points of BHIM

• A smartphone or even a feature phone of around 1000 INR will support the this app
• Having an internet connection is not mandatory for making transactions through the app
• In this system, once the bank account is linked with an Aadhar gateway, payments can be made through a thumb impression
• Users can also use the app for shopping. For this an Aadhar based merchant app has to be downloaded by the retailer along with a biometric reader to enable payment through thumb print.

Limitation

• For now maximum limit for every transaction has been set at 10,000 INR and a total transaction of 20,000 INR per day. The limits are expected to change in future.

Banks supporting BHIM

• The new BHIM Payment app is supported by banks like SBI, ICICI, Axis Bank, HDFC Bank and many others.
• The BHIM app is at its early stages and thus there might be some glitches but with time improvements are bound to take place taking the country forward to digitization and transforming India into Digital India.

National Skill Development Mission (NSDM): Explained

Introduction

• NSDM was developed to converge skill training in various sectors
• NSDM will cover all the states of India
• Expedite decision making in sectors through coordinated and skilling efforts

About NSDM

• Union Cabinet approval on 1st July 2015
• Official launch of NSDM by PM Modi on 15th July 2015
• Launched on World Youth skills day to make Indian youth skilled
• Mass skill training program to train millions of Indians

Nodal Agency

• Ministry of Skill Development and Entrepreneurship
• Funding through National Skill Development Corporation
• National Skill Development Agency (NSDA)
• National Skill Development Corporation (NSDC)
• Directorate General of Training (DGT)

Sub Missions of NSDM

• Sustainable livelihood
• Infrastructure
• Institutional training
• Trainers
• Convergence
• Overseas Employment
• Leveraging of public infrastructure

Institutional Mechanism

• Governing council at apex level for policy guidance
• Steering committee
• Mission Directorate

Strategic Framework
NSDM follows 5 C strategic frameworks for imparting skill training programs

• Create – Creating skilled individuals over a long term
• Correct – Upskilling individuals with work experience
• Certify – Aligning with norms, assessing and provide certification to trainees
• Connect – Making skilled trainees to join in jobs at any part of the world
• Catalyze - Entrepreneurship

NSDM Model components

• Connect Supply with Demand
• Skill development does hand in hand with market demand
• MoSDE matches skilled and trained individuals to jobs anywhere in the world
• A general understanding of market demand supply of skill requirements is done
• Envisagement of a policy research institute
• Formulation of skill development policies
• Monitoring global changes in employment in the global scenario

Correct Supply for Demand

• This NSDM component aims to scale up the unemployed in the informal sector
• NSDC is the implementation agency for short term skill training programs
• Individuals with lower educational levels are targeted
• Skill training conducted with central, state and private initiatives cooperation
• NSDM aligned with other flagship schemes like Digital India, Swachh Bharat, Make in India and Solar Mission etc
• Scaling up of existing infrastructure also done through this NSDM component

Create pipeline of skilled people

• Skill training imparted through this NSDM component in
• Existing educational institutions
• New dedicated skill training institutes
• ITI centers
• Vocational training centers

Catalyze Demand for Skilled people

• The main focus of this component is to promote entrepreneurship
• Increase individual confidence to pursue their business ideas
• Linking of entrepreneurship to schools and educational institutions
• Establishing incubation centers for entrepreneurship
• Establishing support centers to promote and encourage entrepreneurship
• Providing credit access to new entrepreneurs

Certification and Assessment

• Alignment of skill training with National Skills Qualification Framework (NSQF)
• RPL framework establishment
• Quality assessment and certification Increase in the number of quality vocational trainers

Conclusion

• NSDM is one of the flagship schemes of GOI
• NSDM will make India the Skill capital of the entire world
• By 2020, India will be a supplier of skilled labor to the entire world
• Domestic labor force will also be upgraded through short term skill training programs

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