Cabinet has approved two new schemes of skill development. The schemes are skill acquisition and knowledge awareness for livelihood promotion (SANKALP) and skill strengthening for industrial value enhancement (STRIVE). <br/><br/>Both the schemes are supported by the World Bank. SANKALP will be a centrally sponsored scheme with an allocation of 4,445 crore rupees while STRIVE will be central sector scheme with an expenditure of 2,200 crore rupees. <br/><br/>Giving details of the schemes, Minister of Skill Development Dharmendra Pradhan said, the schemes are aimed at developing globally competitive workforce for domestic and oversees requirements and will provide required impetus to National Skill Development Mission. <br/><br/>He said, over 700 industries led institutes are being set up for providing job oriented skill training to lakhs of aspirants. He said, the schemes will also develop a skilling environment which will support the country's rise in the ease of doing business index by steady supply of skilled workforce to the industry.