CM expresses desire to create unique recognition for ITI education

Published By : Admin | November 21, 2011 | 09:28 IST

Historic recruitment programme

2477 supervisor instructors recruited in ITIs

CM gives the appointment letters

ITIs to give soft-skill training to sharp students’ personalities

In a historic recruitment programme organized at Mahatma Mandir in Gandhinagar today Chief Minister Narendra Modi gave appointment letters to as many as 2,477 candidates for the post of supervisor instructors in different Industrial Training Institutes (ITI) of Gujarat.

Earlier, Employment department conducted an online test through ORM system in which 18,667 candidates were appeared. Out of which 2,477 candidates were selected in a transparent manner based on the merit and were given appointment letters today.

Speaking on the occasion Chief Minister expressed his desire to create a unique recognition for the education given by the ITIs. For this, ITIs will also teach soft-skills to its students along with the technical skills to shape their personalities.

Chief Minister also appealed the new job-holders to become tech-savvy and add value to their job profiles.

Mr. Modi said that with a view to cater to the demands of industries Gujarat government has focused on imparting need-based skill development training to the youths.

The government has made about two and half lakh recruitments in different departments during last decade and even during the current year it will go for about 60,000 recruitments in a transparent manner solely based on merits, he said.

As per the directives of Gujarat government, passing a two-year ITI course after class-10 is considered equivalent to class-12 and passing it after class-8 is considered equivalent to class-10. This, Chief Minister said, has opened the doors of higher education for the ITI certificate holders.

Finance Minister Vajubhai Vala who was present as the Guest of Honor said the state government started some 300 skill development centres in last two years with an aim to check the issue of unemployment in rural areas. During the last year, he said, 16,000 students were given training in 150 centres, of which 55,000 were the female students.

Welcoming the dignitaries in the beginning of the programme, Principal Secretary for Labour and Employment Department P. Panneervel gave details of various courses available in ITIs. He said that his department has joined hands with the industries for starting new training centers which will cater to industries’ demand of skilled manpower.

Also present on the occasion were Agriculture Minister Dilip Sanghani, Health Minister Jaynarayan Vyas, Minister of State for Labour and Employment Department Liladhar Vaghela, Director of Labour and Employment department Sonal Mishra and the high officials.

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Cabinet approves equity support to Small Industries Development Bank of India
January 21, 2026
Flow of credit to MSMEs will increase as SIDBI will be able to generate additional resources at competitive rates
Approximately 25.74 lakh new MSME beneficiaries will be added

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the equity support of Rs.5,000 crore to Small Industries Development Bank of India (SIDBI).

The equity capital of Rs.5000 crore shall be infused into SIDBI by the Department of Financial Services (DFS) in three tranches of Rs.3,000 crore in Financial year 2025-26 at the book value of Rs.568.65/- as on 31.03.2025 and Rs.1,000 crore each in Financial Year 2026-27 and Financial year 2027-28 at the book value as on 31st March of the respective previous financial year.

Impact:

Post equity capital infusion of Rs.5000 crore, number of MSMEs to be provided financial assistance is expected to increase from 76.26 lakh at the end of Financial Year 2025 to 102 lakhs (approximately 25.74 lakh new MSME beneficiaries will be added) by the end of Financial Year 2028. As per latest data (as on 30.09.2025) available from official website of M/o MSME, 30.16 crore employment is generated by 6.90 crore MSMEs (i.e. employment generation of 4.37 persons per MSME). Considering this average, employment generation is estimated to be 1.12 crore with the expected addition of 25.74 lakh new MSME beneficiaries by the end of Financial Year 2027-28.

Background:

With a focus on directed credit and anticipated growth in that portfolio over the next five years, the risk-weighted assets on SIDBI’s balance sheet are expected to rise significantly. This increase will necessitate higher capital to sustain the same level of Capital to Risk-weighted Assets Ratio (CRAR). The digital and digitally-enabled collateral-free credit products being developed by SIDBI, aimed at boosting credit flow, along with the venture debt being offered to start-ups, will further escalate the risk-weighted assets, requiring even more capital to meet healthy CRAR.

A healthy CRAR, well above the mandated level, is a key to protect credit rating. SIDBI will benefit from an infusion of additional share capital by maintaining a healthy CRAR. This infusion of additional capital would enable SIDBI to generate resources at fair interest rates, thereby increasing the flow of credit to Micro, Small & Medium Enterprises (MSMEs) at competitive cost. The proposed equity infusion in staggered or phased manner will enable SIDBI to maintain CRAR above 10.50% under high stress scenario and above 14.50% under Pillar 1 and Pillar 2 over next three years.