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Focus on creating jobs, skill training
Hindustan Times Navi Mumbai
|February 02, 2025
The Narendra Modi government on Saturday substantially increased its fund allocations for skill trainings and livelihood programmes in the Union Budget 2025-26 as part of its ambitious target of having 100% skilled labour with meaningful employment in the country.
NEW DELHI:
Finance minister Nirmala Sitharaman's eighth budget focussed on employment generation and skill development as key areas—themes that also dominated her previous budgets. The minister announced a slew of schemes to boost employment; as a consequence, the skill development ministry's annual budget, particularly the revenue expenses of its skill programmes, saw a manifold rise.
The main allocation was made on upgrading ITIs or Industrial Training Institutes that started in the 1950s to give vocational training to young people and help create a skilled workforce.
From a mere ₹294 crore in the revised estimates of FY25, the "new ITI upgradation" programme was allocated ₹3,000 crore in the 2025 budget, signalling the government's urgency to impart skill education to a large section of the young population and reap the dividend of India's youth power.
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