How Companies Can Benefit from Government Support for Interns Through NAPS and NATS

Dear Esteemed Members,

I am writing to share a piece of important information. The Government has initiated a system to financially support companies that take on interns. This is a significant opportunity to partake in the National Apprenticeship Promotion Scheme (NAPS) and the National Apprenticeship Training Scheme (NATS). These schemes are administered by the Ministry of Skill Development and Entrepreneurship (MSDE) and the Ministry of Education, respectively.

Let's dive into the specifics of these schemes:

National Apprenticeship Promotion Scheme (NAPS) - Provided by the Ministry of Skill Development and Entrepreneurship:

Eligibility Criteria: The scheme is open to anyone who has completed education beyond the 5th Class.

Statutory Benefits: There is no requirement for statutory compliance.

Reimbursement: The scheme offers a reimbursement of Rs.1500/- per month for each apprentice via Direct Bank Transfer (DBT).

National Apprenticeship Training Scheme (NATS) - Provided by the Ministry of Education:

Eligibility Criteria: The scheme is open to graduates from any discipline who have passed within the last 5 years.

Statutory Benefits: Statutory compliance is not applicable. However, companies have the option to engage employees under the Provident Fund scheme as apprentices.

Reimbursement: The scheme offers a reimbursement of Rs.4500/- per month for each apprentice via Direct Bank Transfer (DBT).

National Apprenticeship Program Scheme (NAPS) in India

🔹 The National Apprenticeship Promotion Scheme (NAPS) and the National Apprenticeship Training Scheme (NATS) are valuable initiatives by the Ministry of Skill Development and Entrepreneurship and the Ministry of Education, respectively, aimed at promoting skill development and providing financial incentives to companies hiring interns.

🔹 Under NAPS, individuals who have completed education above 5th Class are eligible to be hired as apprentices, with a reimbursement amount of Rs.1500 per month per apprentice through Direct Benefit Transfer (DBT).

🔹 On the other hand, NATS targets graduates of any discipline who have passed within the last 5 years, offering a higher reimbursement amount of Rs.4500 per month per apprentice through DBT. Companies engaging employees under the Provident Fund (PF) scheme as apprentices are also eligible for this scheme.

🔹 It's important for companies in Mumbai, India, to leverage these schemes to not only contribute to skill development but also benefit from the financial support provided by the government.

🔹 To participate in these schemes, interested companies should reach out to the respective ministries for detailed guidelines and procedures on how to register and engage apprentices under NAPS and NATS.

🔹 By actively engaging in these apprenticeship programs, companies can not only support the national agenda of skill development but also enhance their workforce with trained individuals, contributing to overall business growth and development.