Applicability | Companies having + 30 Employees | Companies having + 30 Employees | Companies having + 30 Employees |
Quota as per Act.
| Minimum – 2.5% Mandatory, Maximum – 15% (For Company’s in Maharashtra 25 %) of total Head Count including contractual & third-party. | Minimum – 2.5% Mandatory, Maximum – 15% (For Company’s in Maharashtra 25 %) of total Head Count including contractual & third-party. | Minimum – 2.5% Mandatory, Maximum – 15% (For Company’s in Maharashtra 25 %) of total Head Count including contractual & third-party. |
Qualification
| Only ITI Pass out candidates | 5th, 10th, Diploma, 12th, Undergraduate, Graduates (Engg./Non Engg.) | Diploma, (Engg./Non Engg.) Graduates (Engg./Non Engg.) |
Duration
| 12 months | 6 Months to 36 Months | 12 months |
Govt. Prescribed Stipends | ITI – 7,000/- | 10th – 6,000/-, 12th ITI – 7,000/-, Diploma – 8,000/-, Graduates – 9,000/- | Diploma – 8,000/-, Graduates – 9,000/- |
Exemption from Statutory
Compliance | Exemptions from Statutory Compliances –
PF – 13.36%, ESIC -3.25%, -5%,
Bonus – 8.33%Etc. (apporx. 30% cost savings ) | Exemptions from Statutory Compliances – PF – 13.36%, ESIC -3.25%, -5%,
Bonus – 8.33%Etc. (apporx. 30% cost savings ) | Exemptions from Statutory Compliances – PF – 13.36%, ESIC -3.25%, -5%,
Bonus – 8.33%Etc. (apporx. 30% cost savings ) |
Reimbursement of Stipend from Gevt. | Under NAPS – 25% of paid stipend or
Rs.1500/ Month / Candidate which ever is less | Under NAPS – 25% of paid stipend or
Rs.1500/ Month / Candidate which ever is less | Under NAPS – 50% of paid stipend or
Rs.4500/ Month / Candidate which ever is less |
Benefit to the Candidate | Govt Certificate of Apprenticeship (Designation Specific certificate instead of Sector/ Subject specific Certificate from University) | Govt Certificate of Apprenticeship (Designation Specific certificate instead of Sector/ Subject specific Certificate from University) | Govt Certificate of Apprenticeship (Designation Specific certificate instead of Sector/ Subject specific Certificate from University) |