The Union Budget FY 2024-25 proposes important measures to increase employment, enhance skilling, and education in India. The budgetary allocation of Rs 1.48 lakh crore for education, employment and skilling is indeed the need of the hour to shape a young, skilled workforce for New India.
For instance, the new skilling scheme which proposes to upgrade 1,000 Industrial Training Institutes (ITIs) and train 20 lakh youth over a five year period, is a key step to building a skilled workforce for India in sunrise sectors and new and emerging industries.
Making higher education accessible to the youth was yet another positive from the Union Budget. Revision of the Model Skill Loan Scheme and financial support for education loans up to Rs 10 lakh will play a key role here. At Marwadi University, we applaud these initiatives and are committed to supporting them through our innovative programs and industry partnerships.
