Union Cabinet has approved the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) to impart skill training to one crore people over the next four years. <br/><br/>Twelve thousand crore rupees has been allocated for it.Briefing reporters in New Delhi after the Cabinet meeting,Law Minister Ravi Shankar Prasad said, the scheme will impart fresh training to 60 lakh youths and certify skills of 40 lakh persons acquired non-formally. <br/><br/>In addition to catering to domestic skill needs, the scheme will also focus on skill training aligned to international standards for overseas employment in Gulf countries, Europe and other overseas destinations. There will be scholarship for student undergoing training in high end job roles. Skill training would be done based on industry led standards aligned to the National Skill Qualification Framework.<br/><br/>In an another decision, the government has approved the revival of defunct Fertilizer Units in Gorakhpur, Sindri and Barauni. These include two closed urea units of Fertilizer Corporation India Limited at Sindri and Gorakhpur and Barauni unit of Hindustan Fertilizers Corporation Limited .<br/><br/>Mr Prasad said, the new units will meet the growing demand of urea of Bihar, West Bengal and Jharkhand. Apart from growth of regional economy, this unit will create opportunities for 1200 direct and 4500 indirect employments. <br/><br/>The government has also approved some facilities to persons from Minority communities of Afghanistan, Bangladesh and Pakistan, namely Hindus, Sikhs, Buddhists, Jains, Parsis and Christians staying on Long Term Visa in India. <br/><br/>The facilities include opening of bank account, permission for purchase of property for self occupation and suitable accommodation and and issuing of driving licence, PAN card and Aadhar number.The move is aimed at easing out the difficulties being faced by them. <br/><br/>The Cabinet also approved revised cost estimates of over 7 thousand 290 crore rupees for ongoing 1020 Mega Watt for Punatsangchhu-II Hydroelectric project in Bhutan.<br/><br/>The Project will provide surplus power to India and thus augment power availability in the country. The bilateral agreement to execute the project was signed between the two country in April, 2010 at the approved cost of around 3778 crore rupees.<br/><br/>AIR correspondent reports, the Cabinet gave its ex-post facto approval for the Official amendment to the Rajendra Central Agricultural University Bill, 2015 for change of name from Rajendra Central Agricultural University to Dr. Rajendra Prasad Central Agricultural University. <br/><br/>The Cabinet Committee on Economic Affairs today approved disinvestment of 15 per cent paid-up equity in National Building Construction Corporation Limited through the Offer for Sale route.<br/><br/>The Cabinet Committee on Economic Affairs today approved disinvestment of 15 per cent paid-up equity in National Building Construction Corporation Limited through the Offer for Sale route. <br/><br/>Briefing media in New Delhi, Law Minister Ravi Shankar Prasad said, government hopes that an estimated receipt of one thousand seven hundred and six crore rupees is likely to come from the disinvestment. <br/><br/>Besides, it has also approved transfer of shares by ITI Limited to Special National Investment Fund to meet requirement of Securities and Exchange Board of India's minimum public shareholding.