“The Union Budget 2024 marks a pivotal moment for youth empowerment with its extensive initiatives. The introduction of internships for one crore youth, along with a monthly allowance and one-time assistance, offers invaluable experience and support. The revised model skill loan scheme, providing loans up to ₹7.5 lakh with government guarantees, will aid 25,000 students annually in acquiring advanced skills.
Additionally, the new employment schemes, including one month’s salary support for first-time employees and ₹3,000 per month for employers for each new hire over two years, will provide significant financial incentives. The upgrade of 1,000 ITIs will further enhance vocational training. At ASDC, we are enthusiastic about these developments and are committed to integrating these measures into our training programs, ensuring they meet industry needs and support long-term career growth for our youth.”
