India’s Bold Leap: PM Modi’s ₹62,000 Crore Youth Empowerment Initiative
New Delhi– Prime Minister Narendra Modi launched a transformative youth empowerment initiative in New Delhi, unveiling a suite of programs collectively valued at over ₹62,000 crore. This ambitious plan aims to revolutionize India’s education, skilling, and entrepreneurship landscape, with a special emphasis on Bihar—a state poised for significant development.
PM-SETU: A Game Changer for Vocational Education
At the heart of this initiative is the PM-SETU (Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs) scheme, a centrally sponsored program with an investment of ₹60,000 crore. PM-SETU envisions the upgradation of 1,000 Government Industrial Training Institutes (ITIs) across India, adopting a hub-and-spoke model comprising 200 hub ITIs and 800 spoke ITIs. This modernization effort aims to transform ITIs into centers of innovation and entrepreneurship, aligning vocational training with the evolving demands of the global job market.
Empowering Bihar’s Youth
Bihar, with its youthful demographic, is a focal point of this initiative. The revamped Mukhyamantri Nishchay Svyam Sahayata Bhat … will provide a monthly allowance of ₹1,000 to 5 … graduates annually for two years, coupled with free skill training. Additionally, the redesigned Bihar Student Credit Card Scheme will offer interest-free education loans up to ₹4 lakh, easing the financial burden on students pursuing higher education
A Holistic Approach to Skill Development
Beyond ITIs, the initiative includes the establishment of 1,200 Vocational Skill Labs in 400 Navodaya Vidyalayas and 200 Eklavya Model Residential Schools across 34 states and union territories. These labs will provide students with hands-on training in various trades, bridging the gap between theoretical knowledge and practical skills
A Vision for a Self-Reliant India
In his address at the Kaushal Deekshant Samaroh, Prime Minister Modi emphasized that ITIs are not just premier institutions of industrial education but also workshops for an “Aatmanirbhar Bharat” (Self-Reliant India). He highlighted that the PM-SETU Yojana will connect India’s youth with global skill demands, fostering a workforce capable of meeting international standards
Global Implications
This initiative holds significant implications for India’s position in the global economy. By equipping its youth with relevant skills and fostering entrepreneurship, India aims to become a hub for skilled labor, attracting international investments and partnerships. The focus on Bihar underscores the government’s commitment to inclusive development, ensuring that even the most underserved regions benefit from national progress.
Prime Minister Modi’s ₹62,000 crore youth empowerment initiative marks a pivotal moment in India’s development journey. By investing in education, skilling, and entrepreneurship, the government is laying the foundation for a prosperous and self-reliant future. As India steps into this new era, the world watches closely, recognizing the nation’s potential to emerge as a global leader in innovation and skilled labor.
