The Union Cabinet approved continuation and restructuring of the ‘Skill India Programme (SIP)’ till 2026 with an outlay of Rs 8,800 crore from the period of 2022-23 to 2025-26.

• Three components - Pradhan Mantri Kaushal Vikas Yojana 4.0 (PMKVY 4.0), Pradhan Mantri National Apprenticeship Promotion Scheme (PM-NAPS) and the Jan Shikshan Sansthan (JSS) scheme - are now combined under the composite central sector scheme, the SIP. 
• To keep pace with evolving industry demands and advent of new-age technologies, the Rs 6,000 crore PMKVY 4.0 scheme will provide over 400 new courses on AI, 5G technology, cybersecurity, green hydrogen and drone technology among others.
•  The scheme also puts strong emphasis on international mobility, ensuring Indian workers are equipped with globally recognised skills.