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Ola will become an Icard for the youth working in Swigi and there will be registration on the E-Shram portal. Apart from this, Gig workers will also get the benefit of Jan Arogya Yojana. Finance Minister Nirmala Sitharaman announced the benefit of these schemes to 1 crore Gig workers in the budget 2025 budget speech.
These 5 announcements related to the job-skilling of the youth were made by the Finance Minister-
- 10 thousand fellowships will be available in IITs and IIMS.
- Medical education will increase by 10,000 seats next year. 75,000 seats will increase in 5 years.
- 50 thousand Atal Tinkering Labs will be built in which skilling courses will be done.
- With the help of Indian language book scheme, digital books will be available for school and higher education.
- 5 new centers will be built under the National Center for Skilling.
- In 23 IITs, 65,000 seats will increase, IIT will be Patna Express.
- 3 Center of Excellence in AI for Education will be made. Agricultural, health and AI centers will be formed with a budget of 5 thousand crores.
Explain that in 2024, 5 schemes were announced for the youth. 4 of these are still in process, while 1 scheme is hold. The update of these 5 schemes is like this-
Scheme 1: Skilling
Announcement: Internship in top companies
- In 500 top companies of the country, the government will make 20 lakh youth internships every year.
- 5 thousand rupees will be given every month during the internship.
- A total of 1 crore youth will be skilled in the next 5 years.
States: Hold
- The online registration for intensity started from October 12, 2024.
- As of 15 November, 6.21 lakh youths registered for intensity.
- It was to be launched on December 2, but the scheme was held on the same day.
- Even after 2 months, there has been no date for the scheme to resume.
Scheme 2: Job Creation in Manufacturing
Announcement: Incentive on first job
- For the first time in the manufacturing sector, those who get jobs will get incentives.
- The government will give incentives to both the jobs and those who give jobs.
- Incentive will be fixed in EPFO based on the first 4 -year deposit.
- 30 lakh youth will benefit.
States: Just Starts No
- Employees were given time till 30 November 2024 for registration in EPFO.
- The last date was extended to 15 December 2024 and then 15 January 2025.
- The rules of how much incentive will be and through which medium will be decided yet.
Scheme 3: First Time Employment
Announcement: Bonus equal to first salary
- The government will give 15 thousand rupees to the people who register for the first time in EPFO.
- These bonuses will be transferred directly to bank account in 3 installs.
- Scheme will be benefited only if there is a monthly salary less than 1 lakh rupees.
- The scheme will help 2 crore 10 lakh youths.
States: Just Starts No
- Employees with first job were given time till 30 November 2024 for EPFO Registration.
- This date was increased to 15 December 2024 and then to 15 January 2025.
- According to the information, the first installment in bank accounts has not been credited yet.
Scheme 4: Support to Employer
Announcement: EPF Remissives to Companies
- On connecting new employees with EPFO, the government will give remuneration to those who give jobs.
- This will benefit employees with less than 1 lakh salary with EPFO.
- The jobman will be given a remuneration of 3 thousand rupees every month for 2 years.
States: Just Starts No
- The last date of EPFO Registration of new employees was 15 January 2025.
- According to the information, the employees have not yet started receiving remarriage.
Scheme 5: Higher Education Loan
Announcement: Guarantee Free Loan up to 10 Lakh
- For admission in Higher Education Institutes, there will be government help in loans up to 10 lakhs.
- The government will give 75% credit guarantee on loans up to 7.5 lakhs. That is, if the loan is not repaid, the bank will charge 75% of the money from the government.
- The government will pay 3% of the annual interest on loans up to 10 lakhs.
States: Just Starts No
- On 6 November 2024, the PM Vidyalakshmi Scheme was approved by the government.
- The scheme is to start from February 2025.
32 out of every 1000 unemployed in the country
The unemployment rate of the country was 3.2% in 2024. This means, 32 out of every 1000 people looking for work are unemployed. The unemployment rate was also 3.2 in the year 2023. The unemployment rate of 2022 has come down as against 4.1%.
NDA government on education costs 1% less than UPA
The NDA government spent 1% less of the total budget on education as compared to UPA. See the data of the last 20 years-
3 major skilling schemes continue in the country
The government has run 3 major skilling schemes for illiterate, rural and backward youth-
1. Pradhan Mantri Kaushal Vikas Yojana (PMKVY)
For illiterate, skillless
- It started in July 2015.
- The objective is to prepare the youth for employment by giving industry skills.
- Leaving school/college, less educated or skillless unemployed youth can enroll it.
- Under this, free or subsidized training courses are conducted. Its certificate is available.
- According to government data, more than 1.2 crore youth have benefited.
- Website – pmkvyofficial.org
2. National Skill Development Mission (NSDM)
For rural youth
- It started in July 2015.
- The objective is to provide skill training to 40 crore people by 2022.
- Especially youth of all ages of rural and weaker sections can be innrol.
- Training is imparted in fields like IT, hospitality, construction.
- Training meets government and private institutions. Certificate is received when the course is completed.
- So far, more than 5 crore people have benefited.
- Website – nsdcindia.org
3. Dindaal Upadhyay Rural Storyte
Backward classes, for women
- It started in September 2014.
- The objective is to provide skill training to rural youth of 15-35 years.
- SC/ST, especially women and disabled get the benefit.
- Under this, free training, living and food facilities, help in placement and minimum wage guarantee.
- So far, more than 11 lakh youth have benefited.
- Website – ddugky.gov.in