Education Gets Rs 1.48 Lakh Crore In Budget 2024

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The Union Budget for 2024-25 has an allocation of Rs 1.48 lakh crore for education, employment and skilling

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Presenting the Budget, Nirmala Sitharaman said Budget 2024 will focus on employment, skilling, MSMEs and the middle class

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The Government will launch a scheme to provide internship opportunities to 1 crore youth in 500 top companies

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Under the internship scheme, the youth will get Rs 5,000 per month as internship allowance and one-time assistance of Rs 6,000

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The government will also provide financial support for loans up to Rs 10 lakhs for higher education in domestic institutions

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Higher participation of women in workforce will be ensured by promoting hostels and creches

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The government will implement three schemes for employment-linked incentives

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The incentives will be based on enrollment in the EPFO and focus on recognition of the first time employees

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One month wage will be given to all persons newly entering the workplace in all formal sectors

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The scheme is expected to benefit 210 lakh youth

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