PMKVY 4.0 Pradhan Mantri Kaushal Vikas Yojana ( PMKVY ) is the flagship outcome-based skill training scheme of the Ministry of Skill Development & Entrepreneurship (MSDE). PMKVY 4.0 PMKVY 4.0 has been designed to make the scheme flexible, inclusive, technology enabled, and market driven resulting in better employability. Broad design principles are outlined below: 4.1 Enhance industry-connect, greater reliance on On-the-Job Training in short-term training for learning by doing. Project: Pradhan Mantri Kaushal Vikas Yojana ( PMKVY 4.0) Sponsoring Authority: Ministry of Skill Development and Entrepreneurship Pradhan Mantri Kaushal Vikas Yojana ( PMKVY ) is the flagship outcome-based skill training scheme of the Ministry of Skill Development & Entrepreneurship (MSDE). The objective of this skill certification and reward scheme is to enable and mobilize a large number of Indian youth to take up outcome based skill training and become employable and earn their livelihood ... Pradhan Mantri Kaushal Vikas Yojana (PMKVY ) was launched in 2015 to encourage and promote skill development in the country by providing free short duration skill training and incentivizing this by providing monetary rewards to youth for skill certification.