The Government introduced this scheme to improve the Industry and Institute linkage so as to enhance the participation of Private Sector in skill development activities. 32 Government ITIs have been upgraded in phased manner with an interest free loan of Rs.2.50 crores each to upgrade Civil infrastructure, to procure additional tools & equipments as per latest syllabus.
Each Institute is managed by a Institute Management Committee (IMC) headed by an industry partner that included 5 representatives each from Government and industry. The Institute Management Committee (IMC) is registered as a society and entrusted with the task of managing the affairs of the ITI in accordance to the terms and conditions laid down in the tripartite Memorandum of Agreement.
The Government has provided adequate administrative and financial powers to the IMC to assess emerging skill requirements in the area by conducting short-term training courses and providing placement to the successful trainees.
The Scheme involves the preparation of an Institute Development Plan (IDP) which lays down the road map for the development of the Institute with Key Performance Indicators as objectives to be achieved in 5 years. An interest free loan of Rs.2.50 Crore is released to IMC of each ITI repayable in 20 equal annual installments after a moratorium period of 10 years. Apart from functional autonomy, the IMCs are also allowed to determine 20% admissions in the ITI as management quota seats. So far, 18 new trades with seating capacity of 1097 students have been exclusively introduced in the project ITIs under this scheme. Industry Partners are helping the Project ITIs in the following areas
1. Civil Work and procurement of machinery and equipment as per scheme guideline
2.Industrial Visit for trainees
3. Inplant training for trainees
4. Guest Lectures by Executives from the Industry at Project ITIs
5. Maintenance of Machineries and Equipment
6. Donation of Machinery, equipment and tools for the ITI
The Industry Partners so far contributed various machineries and equipment worth of Rs.134.00 lakhs to the Project ITIs