India is a nation that is on the brink of achieving tremendous economic prowess. The demographic dividend has befallen upon the country and thus there is a huge scope to capitalize on it and move forward in becoming one of the most developed and prosperous countries in the world.
But to achieve this target, the nation needs to be armored with the immensely strong indigenous industries. All prosperous and highly efficient companies hailing from various industrial backgrounds will contribute to the development of the nation.
Apart from the extremely favorable startup climate that has developed in the country during the recent past, the implementation of the NAPS scheme is also fruitful in promoting the expansion of companies hailing from various industrial sectors.
How the NAPS scheme is directly offering assistance to companies :
The NAPS scheme is not only beneficial to apprentices who have been employed in their duly designated job roles and stationed across different companies belonging to different industries. The scheme has the potential to prove itself fruitful for various companies.
The main areas where a company can directly take advantage of the initiation of the NAPS program can be summarised below.
- The primary objective adopted by the Government of India while conceptualizing the idea of NAPS was to boost the number of dextrous and competent employable youths who could be employed in various industrial sectors as apprentices. These apprentices would later mature into successful professionals who would contribute to the company in question as well as the society at large.
The present data exhibits an acutely distressing picture is currently a mere 2.3 lakhs of apprentices are employed in different companies belonging to various industrial backgrounds. The Government aims to amplify that number of skilled and employable youths to at least 50 lakhs by end 2020. With an aim to realize that momentous target, the Government has established Mentorship Centres like BTPs and BTCs in conjunction with the implementation of NAPS.
Thus different companies would directly benefit from the expansion of the proficient workforce who can extend their expertise in providing technical and non-technical solutions to the customary operations of the company. This would provide a huge boost in the productivity of the company.
- The presence of the dextrous and proficient workforce, equipped with the requisite set of abilities and sophisticated skills, will possess the upper hand of delivering operation related support in any section of the industry. They can thus assist in the seamless functioning of the concerned company they are employed in without literally being an employee of the company itself.
This scenario is particularly profitable and expedient for the concerned company. The authoritative supremacy of the company would automatically increase the involvement of skilled apprentices providing comparatively lower remunerations than the general employees. This would unarguably increase the financial growth of the company, while its productivity would also encounter a huge growth.
- Because of the presence of this staggering amount of demand-supply relationship, the number of companies who would invest their capital on such a dextrous workforce of trained apprentices because of their provision of cheap yet skilled labor would also undergo a huge increment in a similar manner. The enhancement in the number of successful apprentices would positively stimulate the proliferation of the number of startups and potentially big companies. These companies may hail from different sectors of industry. The prospective prosperity and the financial growth of the companies caused due to the introduction of NAPS results in the sustenance of favorable climate for the escalation of companies and startups.
- The companies would get incentivized by the Government if they are engaging the trained apprentices tutored under the auspices of the NAPS mentorship scheme. The reimbursements would be provided directly by the central government to those companies.
These are in short, few ways in which any company being adherent to any sector of the industry can directly benefit from the introduction and the subsequent successful implementation of the NAPS scheme.