|19 March 2008|
|Ministry of Labour & Employment|
FACELIFT OF ITIS IN THE COUNTRY
For upgradation of Government ITIs in the Country the Central Government has launched a new Scheme “Upgradation of 1396 Government ITIs through Public Private Partnership” : The first batch of 300 ITIs has been taken up for upgradation at a cost of Rs. 750.00 Cr. in 2007-08.
Under this Scheme an Industry Partner is associated with each ITI to lead the process of upgradation. An Institute Management Committee (IMC) is set up in the ITI with the Industry Partner or its representative as the Chairperson and the Principal of the ITI as the member Secretary. The IMC is registered as a Society and an interest free loan of upto Rs. 2.5 Cr. is given directly to the IMC Society. The loan is repayable by the IMC Society over a period of 30 years.
For 2007-08, four Government ITIs in the State of Orissa viz. ITIs at Puri, Cuttack, Umerkote, and Chhatrapur (Women) have been covered under this Scheme and interest free loan of Rs. 10 Cr. has been released to them at a rate of Rs. 2.5 Cr. per ITI.
This information was given by the Minister of State (Independent Charge) of the Ministry of Labour and Employment, Shri Oscar Fernandes in a written reply in the Rajya Sabha today.