Scheme “Upgradation of 1396 Government ITIs through Public Private Partnership”
The scheme of “Upgradation of 1396 Govt. ITIs through Public Private Partnership” was launched in 2007-08 with a total outlay of Rs. 3,550 crore to improve the employment outcome of graduates from the vocational training system, by making design and delivery of training more demand responsive. By the end of the 11th Five Year Plan, a total of 1227 Government ITIs were covered and a fund of Rs. 3067.50 Crore was released. The release of fund under this scheme has come to end by March, 2012.
Salient features of the scheme:
An Institute Management Committee (IMC) is constituted for each selected ITI. The IMC is converted by the State Government into a Society under relevant Societies Registration Act. The IMC registered as a society is entrusted with the responsibility of managing the affairs of the ITI under the scheme.
Interest free loan of upto Rs. 2.5 cr. is given by the Central Government directly to the IMC Society on the basis of Institute Development Plan (IDP) prepared by the IMC, and financial and academic autonomy is given to the IMC society.
The interest free loan is repayable by the IMC with a moratorium of 10 years and thereafter in equal annual installments over a period of 20 years.
A memorandum of Agreement is signed among the Central Government, the State Government, the state government and the Industry Partner defining the roles and responsibilities of all the parties.
Composition of IMC
The IMC is led by the Industry Partner. In the IMC, the members are as follows:
Industry Partner or its representative as Chairperson.
Four other members from local Industry to be nominated by the Industry Partner in such a way that the IMC is broad based.
Five members nominated by the State Govt. [ i) District Employment Officer, ii) One representative of the State Directorate dealing with ITIs, iii) One expert from local academic circles, iv) One senior faculty member, v) One representative of the trainees].
Principal of the ITI, as ex-officio member secretary of the IMC Society.
Near Arts and Science College, Hatisha Road,Ta Olpad, Dist-Surat-394540