A RESEARCH PAPER ON - ECONOMIC PROSPERITY THROUGH SKILL INDIA: A STUDY OF KEY SUCCESS FACTORS AND CHALLENGES

India is a country with major represent youths. As far the economic development of our country is concerned, India is still lagging behind due to various problems like poverty, unemployment, illiteracy, medical infrastructure etc. Youth plays a crucial role in achieving economic prosperity of the country. The main aim of Skill India is a concept introduced by Hon'ble Prime Minister of India Narendra Modi in March 2015 is to create opportunities, space and scope for self-development of the talents of Indian Youth. This program is initiated in to provide training and skill development covering youth of each and every village. In the present scenario, it is found that most of the youth being educated are been facing severe unemployment problem due to lack of skills and technical knowledge. Most of them are unaware of the developments taking place in the modern technology. Attempts are made through skill development programme to provide creative technical skill training to youth population to encourage the concept of self entrepreneurship by providing them training in various activities and providing financial assistance through loans at a cheaper rate of interest. Lot of activities is implemented by the government to enhance the level of creativity and infuse leadership qualities in youth. But still some deviations and loopholes are found. Now the new approach is to concentrate on job creation and youth without idleness. In this paper, an attempt has been made to identify how far the skill development programmes have achieved success and what are the major problems faced by the youth in initiating the skill development programmes launched by government.