Next date 04/07/2019....
RBI GA
SANKALP SCHEME STRIVE SCHEME: OBJECTIVES, FUNDING
The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi, has approved two new World Bank supported schemes of Rs. 6,655 crore – Skills Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP) and Skill Strengthening for Industrial Value Enhancement (STRIVE). Let’s understand SANKALP Scheme STRIVE Scheme.
Skills Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP) Is Centrally sponsored scheme aims to implement the mandate of the National Skill Development Mission (NSDM). The project will be implemented in mission mode through World Bank support
OBJECTIVES OF SANKALPThe SANKALP program consists of four objectives:
- Strengthened institutional mechanisms at National and State levels to guide planning, delivery and monitoring of market relevant training
- Improved Quality and Market Relevance of SD programs
- Improved access to and completion of skills training for female trainees and other disadvantaged groups
- Expanding skills training through private-public partnerships (PPPs)
The project is funded by three major parts:
- World Bank loan assistance of $ 500Mn (Rs. 3300 crore)
- States’ contribution $100 Million (Rs. 660 crore)
- Industry contribution of $75 Million (Rs. 495 crore)
Skills Strengthening for Industrial Value Enhancement (STRIVE) is a new World Bank funded central sector scheme that has been approved by Expenditure Finance Committee (EFC) in November 2016 for a total cost of Rs. 2200 crore.
OBJECTIVES OF STRIVE SCHEMEThe objectives of the scheme are:
- Improved performance of ITI.
- Increased Capacities of State Governments to support ITIs and Apprenticeship Training
- Improved Teaching and Learning.
- Improved and Broadened Apprenticeship Training.
The basic difference between SANKALP scheme and STRIVE scheme is that SANKALP envisages to get more trainers while STRIVE will incentivize it is to improve overall performance.
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PERFORMANCE APPRAISAL: OBJECTIVES, STANDARDS, PROCESS
Performance Appraisal is a control process in which employee’s performance is evaluated against standards. It enables the comparison of actual performance with pre-determined goal and job expectations
MEANING OF PERFORMANCE APPRAISALPerformance appraisal is the systematic evaluation of employees with respect to his performance on the record of his potential for development. It is the process to understand the abilities of a person for further growth and development It attempts at placing on record certain personality and behavioural characteristics of the individual, effectiveness of the job and contribution to the achievement of organizational goals.
OBJECTIVES OF PERFORMANCE APPRAISAL- To meet legal requirements, including those for standardized forms and procedures, and clear and relevant job analysis
- To motivate employees for better performance of task.
- The ultimate objective of the performance appraisal is to enhance accountability and improve standard of practice
- To maintain records in order to determine compensation packages, wage structure, salaries etc.
- To identify the strengths and weaknesses of employees to place right men on right job.
- To maintain and assess the potential of a person for further growth and development.
- To provide a feedback to employees regarding their performance and related status.
- To provide a feedback to employees regarding their performance and related status.
- It serves as a basis for influencing working habits of the employees.
- To review and retain the promotional and other training programmes.
The important sources of standards for performance evaluation are:
- Job analysis: It is the procedure for determining the duties and skill requirements of a job and the kind of person who should be hired for it
- Job description: It is a written report outlining duties, responsibilities and conditions of the work assignment. It is a description of job and not of the person who happens to hold the job
- Job evaluation: It is the process of analyzing and assessing the various jobs systematically to ascertain their relative worth in an organization.
There are six steps involved in the process of performance appraisal:
- Establishing Performance Standards: The first step in the process of performance appraisal is the setting up of the standards which will be used to compare the actual performance of the employees against the standards set. The standards set should be clear, easily understandable and measurable.
- Communicating the Standards: Once performance standards are set, it is the responsibility of the management to communicate the standards to all the employees of the Organization. The employees should be informed and the standards should be clearly explained to the employees. This will help them to understand their roles and to know what exactly is expected from them
- Measuring the Actual Performance: It is a continuous process which involves monitoring the performance throughout the year
- Comparing the Actual with the Desired Performance: The actual performance is compared with the desired or the standard performance. The comparison tells the deviations in the performance of the employees from the standards set. The result can show the actual performance being more than the desired performance
- Discussing Results: The result of the appraisal is communicated and discussed with the employees on one-to-one basis. The results, the problems and the possible solutions are discussed with the aim of problem solving and reaching consensus. The feedback should be given with a positive attitude as this can have an effect on the employees’ future performance. The purpose of the meeting should be to solve the problems faced and motivate the employees to perform better
- Decision Making: The last step of the process is to take decisions which can be taken either to improve the performance of the employees, take the required corrective actions, or the related HR decisions like rewards, promotions, demotions, transfers etc.
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Hello friends, I've shared my 2-page notes on Interim Budget 2019 on my blog. These 2 pages contain all the relevant facts from RBI Gr B point of view. There's a 3rd page which contains a list of important terms and a list of all the govt schemes mentioned in Budget, which need to be studied in detail from the internet. I have also prepared a 2-page doc from 2 important speeches by the President of India (pre-Republic Day and pre-Budget Session) wherein he talks about the work done by the govt (and a lot of govt schemes). I feel that these schemes are the bare minimum that we must know in detail as they have been mentioned by the President himself. Hope you find these useful.
I have uploaded these docs in the 'Phase - II : ESI' post (also in the 'Resources' tab) of the blog here - https://skidha.home.blog/
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