The Cabinet Committee on Economic Affairs has approved the implementation of the Special Industry Initiative Scheme in Jammu & Kashmir .It will be a Central Scheme with 100% Central assistance in partnership with National Skill Development Corporation, NSDC, and the Corporate Sector. The Scheme proposes to cover all the districts of the State.AIR respondent reports,the identified companies will screen and select students from the State. After assessing the skill gap of the trainees and the need of the Corporate, the trainees will be trained suitably by the Corporate. The Corporate will be incentivised to absorb the trainee. A total expenditure of 1000 crore rupees is proposed to be incurred under the Scheme. The estimated expenditure is approximately 2.50 lakhs per trainee. The Central Government will make a provision of 500 crore rupees in the next five years from current year onwards. The cost of travel, boarding & lodging and stipend will be borne by the Central Government. The training cost will initially be borne by the Corporate. As an incentive to the Corporate 50% of the training cost would be reimbursed if the trained youth are given employment in the company. 8000 youth of the state are proposed to be trained annually. The total target in the scheme is to train 40,000 graduates, post graduates and professional degree holders over a period of five years.