The Union Budget 2024-25 sets aside Rs 1.48 lakh crore for education, employment, and skilling initiatives across the country.
Annually, 1 lakh students will receive e-vouchers for loans up to Rs 10 lakh for higher education, with a 3% interest subsidy.
A hub-and-spoke model will upgrade 1,000 ITIs, aligning their courses with industry requirements to enhance skill relevance.
A new internship scheme aims to provide practical experience to 1 crore youths across 500 firms, enhancing their employability.
Over the next five years, 20 lakh youths will receive training in emerging sectors to bridge the skill gap and increase job prospects.
Rs 47,619 crore has been earmarked in the budget specifically for higher education initiatives.
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