The objective of the Scheme is to improve the quality of vocational training in the country and make it demand driven so as to ensure better employability of the graduates.
An interest free loan upto Rs. 2.5 cr. is given by the Central Government directly to the IMC on the basis of Institute Development Plan (IDP) prepared by it. The loan is repayable by the IMC in 30 years, with a moratorium of 10 years and thereafter in equal annual instalments over a period of 20 years. Under this scheme the IMC has been given financial and academic autonomy to manage the affairs of the ITI.
1396 ITIs are being selected with a compulsory requirement of forming on Institute Management Committee (IMC) consisting of Industry members as well as faculty.
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