National Apprenticeship Promotion Scheme (NAPS) launched in August 2016; financial benefits extended by the Govt. of India for apprenticeship

Program Highlights

• In an endeavor to promote Apprenticeship in India, NAPS was launched in August 2016
• Program Highlights
• 12 months Certificate Program
• Statutory benefits like PF, ESI, Bonus, etc. don't apply to apprentices
• Sharing of prescribed 25% stipend value, subject to a maximum amount of INR 1500/- per month per apprentice
• Candidate Eligibility: Minimum education of grade 5th and upwards with the maximum age of 35 years

Benefits to employer under NAPS:

• More than 25% saving on wages by the establishments.
• Reduction in recruitment cost due to availability of vast pool of trained apprentices
• No contribution for EPF, ESI etc. under Apprentices (Amendment) Act.
• Apprentices cannot participate in Union activities.
• Fills the skills gap that exist within their current workforce as apprentices begin to learn sector specific skills from day one.
• Employers can have a training program relevant to their requirements
• Apprentices while learning, also contributes towards production.
• Expenditure on engaging apprentices more than 2.5% can be booked under CSR liability/funds.