Recognizing this demographic dividend, the Modi government has consistently focused on youth empowerment through initiatives like the Skill India Mission, Start Up India and targeted provisions in the Union Budgets.
The Union Budget 2024 explicitly emphasizes on job creation and youth empowerment, crucial for propelling India's economic growth. Key initiatives include the Production Linked Incentives (PLI) scheme to boost manufacturing and job creation, along with Industry-linked Incentives and the Employment Linked Incentives.
Schemes like Pradhan Mantri Kaushal Vikas Yojana, Startup India, Make in India, and Atmanirbhar Bharat aim to equip youth with skills and opportunities for entrepreneurship.
Investments in infrastructure, digital advancements, and education reforms further align with market needs, preparing young Indians for a competitive global economy.
The Union Budget 2024 delineates a roadmap to harness India's demographic dividend, aiming to transform the country's youthful energy into a powerful driver of economic prosperity and realizing Prime Minister Narendra Modi's vision of a Viksit Bharat an empowered and developed India.
The focus of the Union Budget 2024 was to empower youth by job creation, hence, emphasis was laid on creating 8 million jobs annually until 2036. It introduced three 'Employment Linked Incentive' schemes: Scheme A-First-time Employment providing a salary benefit for new EPFO-enrolled employees; Scheme B-Job Creation in Manufacturing EPFO-based incentives to manufacturing employers; and Scheme C - Support to Employers- reimbursing EPFO contributions for workforce expansion. With a total outlay of Rs. 107,000 crores, these schemes highlight the government's focus on employment generation.
Denne historien er fra August 16, 2024-utgaven av The Business Guardian.
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Denne historien er fra August 16, 2024-utgaven av The Business Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Same sex marriage not legal in India
LGBTQ COMMUNITY
Sabarimala Temple
On 28 September 2018, a 4:1 majority of the Supreme Court held that barring women of menstruating age from entering the Sabarimala temple was unconstitutional.
WHAT CJI SAID
Not every resource owned by an individual can be considered a material resource of a community only because it meets the qualifier of material needs.
