National Apprenticeship Training Scheme (NATS) TPA
The National Apprenticeship Training Scheme (NATS) is one of the flagship programs of the Government of India under the provisions of the Apprenticeship Act,1961, amended from time to time. The scheme contributes to a national strategy for skill development and boosting employability among youth making them industry-ready by providing on-the-job training through apprenticeship. On July 30, 2024, the government launched The National Apprenticeship Training Scheme 2.0 (NATS 2.0).
Key Aspects
NATS 2.0 Scheme Benefits for Employers
Some benefits of the National Apprenticeship Training Scheme 2.0 (NATS 2.0) for employers include the following.
- Partial Stipend Support by Government of India:
The government of India shares 50% of the minimum amount stipulated under the Apprentices Act, 1961 up to ₹4,500 per apprentice per month, directly into the bank accounts of apprentices. In the National Apprenticeship Training Scheme 2.0 (NATS 2.0). Direct Benefit Transfer (DBT) plays a crucial role in ensuring transparency and efficiency. - Simple Processes:
The scheme has a simple registration, approval, and compliance process, encouraging employer participation in large numbers - Broader Coverage:
NATS 2.0 covers a wider industrial horizon, including manufacturing, engineering and technical services, IT, sales and marketing, finance and accounting, healthcare, hospitality, tourism, retail and also departments like HR.
- Digital Platform:
NATS 2.0 offers easy access to the scheme, enabling smooth tracking and management of apprenticeship contracts. - Reduced Recruitment Costs:
By training apprentices, employers can reduce future recruitment and training costs. - CSR Funds Utilization:
As per a circular from the Ministry of Corporate Affairs, establishments can use their CSR funds for apprenticeship training including expenditure on stipends payable to apprentices - Improved Industry Reputation:
Participating in NATS 2.0 helps employers contribute to national skill development initiatives, strengthening their reputation as socially responsible businesses.
NATS 2.0 Scheme Benefits for Employers
Some benefits of the National Apprenticeship Training Scheme 2.0 (NATS 2.0) for employers include the following.
- Partial Stipend Support by Government of India:
The government of India shares 50% of the minimum amount stipulated under the Apprentices Act, 1961 up to ₹4,500 per apprentice per month, directly into the bank accounts of apprentices. In the National Apprenticeship Training Scheme 2.0 (NATS 2.0). Direct Benefit Transfer (DBT) plays a crucial role in ensuring transparency and efficiency. - Simple Processes:
The scheme has a simple registration, approval, and compliance process, encouraging employer participation in large numbers - Broader Coverage:
NATS 2.0 covers a wider industrial horizon, including manufacturing, engineering and technical services, IT, sales and marketing, finance and accounting, healthcare, hospitality, tourism, retail and also departments like HR. - Digital Platform:
NATS 2.0 offers easy access to the scheme, enabling smooth tracking and management of apprenticeship contracts. - Reduced Recruitment Costs:
By training apprentices, employers can reduce future recruitment and training costs. - CSR Funds Utilization:
As per a circular from the Ministry of Corporate Affairs, establishments can use their CSR funds for apprenticeship training including expenditure on stipends payable to apprentices - Improved Industry Reputation:
Participating in NATS 2.0 helps employers contribute to national skill development initiatives, strengthening their reputation as socially responsible businesses.
NATS Apprentice Qualification:
- Graduates in Engg./Tech (BE, BTech, BPharma, BArch, etc..)
- Graduates in General Stream (B.Sc., B.com, B.A, BBA, BCA, etc..)
- Diploma in Engg/Tech (Diploma – Engg, Pharma, Arch, etc..)
- Technician Vocational
Maximum apprenticeship duration is up to three years
Talensetu’s Role as a NATS TPA (Third Party Aggregator)
Third-party aggregators and TPAs facilitate of the apprenticeship ecosystem. Talensetu is an authorized TPA for NATS. Our key responsibilities as a TPA include the following.
Select us as your TPA! Email us at info@talensetu.com to connect with our experts.
- Facilitation and Coordination: We identify suitable candidates for apprenticeship and coordinate between employers, educational institutions, and apprentices.
- Compliances and Returns: Our support extend to complying with the regulatory needs of NATS, including registration, contract generation, payroll, and other online processes and apprenticeship portal procedures.
- Assessment and Certification Support: We also conduct assessments and issue certificates to successful apprentices.
Select us as your TPA! Email us at info@talensetu.com to connect with our experts.