Quick Summary
The Union Budget 2024-25, presented by the Hon'ble Finance Minister outlines significant efforts for boosting employment in the country with Employment and Skilling being one of its' priorities. As part of the Prime Minister's package, five key schemes and initiatives have been announced, supported by a massive central outlay of Rs. 2 lakh crore. The package will facilitate employment, skilling and other opportunities for 4.1 crore youth over a 5-year period. These initiatives aim at Employment
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FAQ :
The main goal is to boost employment and skilling, facilitating employment, skilling, and other opportunities for 4.1 crore youth over a 5-year period.
There are five key schemes and initiatives announced as part of the Prime Minister's package.
Three of the five schemes will be implemented through the Employee Provident Fund Organisation (EPFO).
The package is supported by a central outlay of Rs. 2 lakh crore.
The budget proposes establishing working women hostels and crèches, organising women-specific skilling programs, and promoting market access for women self-help group enterprises.
A significant increase in capital expenditure to ₹11.11 lakh crore is expected to generate numerous job opportunities across sectors like construction, transportation, and logistics.
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