Finance Minister Nirmala Sitharaman
– PC : PTI
Finance Minister Nirmala Sitharaman is now presenting the Budget for 2024-25 in the Parliament. She announced a new centrally-sponsored skilling scheme that will train 20 lakh youth for a 5 year period. She added that the government will provide 12-month internship opportunities to 1 crore youth in top 500 companies for a 5 year period. The government will give internship allowance of Rs 5,000 per month and a one time assistance of Rs 6000. The companies will bear training cost and 12 per cent of the internship cost.
Highlights from FM Sitharaman speech as follows.
1,000 ITIs to be upgraded in hub and spoke model, says FM in Lok Sabha.
Model skilling loan scheme will be revised to facilitate loans up to Rs 7.5 lakh: Sitharaman.
Govt to provide financial support for loans up to Rs 10 lakh for higher education in domestic institutions: FM.
New centrally-sponsored scheme for skilling in collaboration with states, industry; 20 lakh youth to be skilled over 5 years: FM.
Govt to set up working women hostels to promote women participation in workforce: FM in Budget.
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