PM Modi unveils initiatives price over 62,000 crore for youth; Bihar in focus

Mr. Modi launched PM-SETU (Pradhan Mantri Skilling and Employability Transformation via Upgraded ITIs), a centrally sponsored scheme with an funding of ₹60,000 crore.

It envisages the upgradation of 1,000 authorities ITIs in a hub-and-spoke mannequin comprising 200 hub ITIs and 800 spoke ITIs.

“Collectively, PM-SETU will redefine India’s ITI ecosystem, making it government-owned but industry-managed, with global co-financing support from the World Bank and Asian Development Bank,” a PMO assertion earlier stated.

In the primary section of the scheme implementation, there will probably be a particular deal with ITIs in Patna and Darbhanga in Bihar. A particular emphasis of the programme will probably be on transformative tasks in Bihar, reflecting the state’s wealthy legacy and youthful demographic, the assertion stated.

Mr. Modi launched Bihar’s revamped ‘Mukhyamantri Nishchay Svyam Sahayata Bhatta Yojana’, beneath which practically 5 lakh graduates will obtain a month-to-month allowance of ₹1,000 every for 2 years, together with free talent coaching.

He additionally launched the redesigned Bihar Student Credit Card Scheme, which is able to present interest-free schooling loans of as much as Rs 4 lakh, considerably easing the monetary burden of upper schooling.

More than 3.92 lakh college students have already availed loans price greater than ₹7,880 crore beneath the scheme.

Further strengthening youth empowerment within the State, Bihar Yuva Ayog, a statutory fee for individuals between the ages of 18 and 45, was formally inaugurated by Mr. Modi to “channelise and harness” the potential of the State’s younger inhabitants, it stated.

Bihar has been on the focus of a number of improvement and welfare initiatives of the NDA governments on the Centre and the State.

The Prime Minister additionally inaugurated the Jan Nayak Karpoori Thakur Skill University, which has been envisioned to impart industry-oriented programs and vocational schooling to create a globally aggressive workforce.