Government Schemes & Programs Current Affairs - 2026-10-13

Background: The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is a flagship skill development scheme of the Ministry of Skill Development and Entrepreneurship, launched in 2015. Its aim is to enable a large number of Indian youth to take up industry-relevant skill training. Previous phases focused on various sectors to enhance employability. Current Context: On October 13, 2026, the government officially launched PMKVY 4.0, marking a significant evolution in India's skill ecosystem. This new phase specifically targets emerging sectors like green skills, artificial intelligence, machine learning, and drone technology. The initiative aims to train over 1.5 million youth in the next two years, aligning with future industry demands. Impact: PMKVY 4.0 is expected to bridge the skill gap in critical future-oriented industries, making India's workforce more competitive globally. It will empower youth with advanced skills, fostering innovation and entrepreneurship, and contributing to sustainable economic growth and job creation in the green and digital economies.

Background: Pradhan Mantri Awas Yojana - Urban (PMAY-U), launched in 2015, aims to provide "Housing for All" by ensuring pucca houses to all eligible urban households. The scheme operates through various verticals including In-situ Slum Redevelopment, Credit Linked Subsidy Scheme, Affordable Housing in Partnership, and Beneficiary-led Construction. Current Context: On October 13, 2026, the Ministry of Housing and Urban Affairs released its latest progress report for PMAY-U. The report highlighted that over 1.35 crore houses have been sanctioned, with more than 1.10 crore houses completed and delivered to beneficiaries across urban India. Special emphasis was placed on the adoption of new construction technologies and sustainable practices. Impact: The successful implementation of PMAY-U has significantly improved the living conditions of millions of urban poor, reducing slum populations and enhancing urban infrastructure. It has also stimulated the construction sector, creating employment opportunities and contributing to economic growth. The focus on sustainable technologies promotes environmentally friendly urban development.