The PEVC aims to develop a pool of highly-skilled master craftsmen and create a progressive craftsmen career path thereby improving salaries of skilled production craftsmen. The S$52 million initiative comprises three programmes to develop a strong pipeline of craftsmen to meet the future needs of our manufacturing industries:

1. 100 National Precision Engineering Study Awards per year for deserving students at the
   Institute of Technical Education
   
   
2. Systematic on-the-job training programme to upgrade new craftsmen
   
   
3. PE Master Craftsmen Programme at Nanyang Polytechnic to train 2,800 master craftsmen