Centre today notified National Apprenticeship Promotion Scheme. The Scheme has an outlay of 10,000 crore rupees with a target of 50 Lakh apprentices to be trained by 2019-20. Ministry of Skill development in a release said, it is for the first time a scheme has been notified to offer financial incentives to employers. <br/><br/>Under the scheme, government will share 25 per cent of prescribed stipend subject to a maximum of 1,500 rupees per month per apprentice with employers. The Ministry said, all transactions including registration by employers, apprentices, registration of contract and payment to employers will be made as online mode. <br/><br/>Eligible employers shall engage apprentices in a band of 2.5 per cent to 10 per cent of the total strength of the establishment. Employers have to register on the apprenticeship portal to avail benefits under the scheme. <br/><br/>Apprenticeship Training is considered to be one of the most efficient ways to develop skilled manpower for the country. It provides for an industry led, practice oriented, effective and efficient mode of formal training.