CAG Uncovers Massive Fraud in PMKVY: Fake Accounts, Ghost Beneficiaries Exposed

• CAG audit reveals widespread irregularities in PM Kaushal Vikas Yojana (PMKVY), exposing large-scale fraud.
• Bank details for 94.53% of 95.90 lakh participants were blank or contained invalid entries like '11111111111'.
• Over 34 lakh certified candidates did not receive their mandated ₹500 incentive payments.
• Training centers were found shut down despite showing active batches, and same photos used for multiple beneficiaries.
• Ministry of Skill Development acknowledges initial challenges, claims new robust systems like Aadhaar e-KYC and geo-tagged attendance are now implemented.

Why It Matters: CAG audit exposes systemic fraud and payment failures in PMKVY, impacting millions of youth.