MYKPY (Mukhyamantri Yuva Karya Prashikshan Yojana) is more than just a stipend-sharing scheme. It’s a government-backed initiative that connects Maharashtra employers with fresh graduates and diploma holders for 6-month on-the-job training. During this period, the state government covers a portion of the stipend, helping employers reduce their hiring and training costs. It gives HR teams a structured way to train new talent while addressing real business needs. It’s not only cost-effective but also strategic—especially for growing businesses that want to build loyal, skilled teams from the ground up.
Under MYKPY, companies can bring in young professionals as trainees for six months. These candidates work alongside full-time employees, gaining real experience while contributing to business operations.
The government offers partial stipend support, reducing the financial burden on the employer. This lets businesses train fresh talent without committing to full-time salaries right away. It also gives HR leaders time to assess the trainees’ skills, cultural fit, and potential for long-term roles.
From an HR perspective, MYKPY isn’t just about saving costs—it’s about shaping your future workforce. Here’s what makes it a strong HR tool:
You get motivated, job-ready trainees.
Training is aligned with your company’s real-time needs.
At the end of six months, you can offer full-time roles to those who’ve already adapted to your systems and culture—improving retention and reducing onboarding time.
In high-demand regions like Mumbai, Pune, and Nagpur, MYKPY helps companies remain competitive by building talent from within.
MYKPY is especially useful for MSMEs, which often manage hiring, training, and operations with limited resources.
Here’s how small and mid-sized businesses can benefit:
Train on your terms: Shape the trainee experience based on your daily business needs.
Start small: Bring in one or two trainees to begin, and expand if needed.
Reduce hiring risk: You get to evaluate a trainee’s performance before extending a full-time offer.
Lower costs: With government support on stipends, your overall investment per trainee drops significantly.
It’s a smart, low-risk way to strengthen your team without overextending your budget.
MYKPY is available to:
MSMEs
Startups
NGOs
Any registered business in Maharashtra that complies with employment norms
The process is straightforward, and the focus is clear—help young graduates gain meaningful work experience while supporting businesses with practical, low-cost staffing.
With so many young professionals eager to get started, there’s never been a better time to try MYKPY.
While MYKPY is a valuable opportunity, dealing with registration and documentation can slow you down. That’s where Team Management Services steps in.
We help employers with:
MYKPY registration
Eligibility checks
Paperwork and compliance
Smooth coordination throughout the 6-month trainee program
So you can stay focused on mentoring future talent—while we handle the rest. Get Started with MYKPY with Team Management Services.
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