India

Budget 2024: How will it benefit the youth of India?

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Union Budget 2024 was presented on July 23, 2024.

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Empowering youth

Budget 2024 has introduced skill development schemes aimed at 4.1 crore youth under employment programmes over the next 5 years. 

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Budget

Rs 2 lakh crore will be allocated for this initiative. 
 

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Training

The new initiatives aim to provide skill development training for youth, in collaboration with state governments and industries. 
 

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Internships

It was announced in Budget 2024 that 1 crore youth will be offered internships at 500 leading companies. They will also be provided a monthly stiped of Rs 5000. 
 

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Financial benefits

First-time employees will also receive financial benefits from the government. 
 

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Various sectors

It was announced that employment opportunities will be provided in the construction sector to 30 lakh youth. 
 

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Loans

The government will offer financial assistance of Rs 10 lakh as loans to youth pursuing higher education to ensure they don’t face financial obstacles. 
 

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Model Skill Loan Scheme

Model Skill Loan Scheme will be revised to boost employment.

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