In an act that is remarkably empowering for youth to live their dreams, the government of Prime Minister Shri Narendra Modi has again centered the aspirations of the young generation in its policy formulation. #BudgetForViksitBharat just announced cements the government’s steadfast commitment to unlocking youth potential and shall provide them with the tools to take on the modern world.

This is a budget that, with an outlay of over ₹1.48 lakh crore, sets the ball rolling for a transformative journey that leads to a much stronger and more prosperous India. An important ingredient of the Prime Minister’s package is the focus on strengthening the skilling and apprenticeship ecosystem, which will open the doors of invaluable learning and firsthand experiences for millions of young people.

Leading companies in India have since come together to offer one crore of its youth skill development and internship opportunities. This partnership of the government with the private sector will enable young minds to have the necessary skills required for the job market but will also help to bridge the gap between academia and industry requirements.

It has introduced employment-linked incentives across industry sectors grounded on understanding the importance of first time employment. This way, the companies will be influenced to provide the new entrants with employment, overall employment will increase, and young professionals can set foot along the careers of their choice.

It now introduces incentives in the budget both for the employee and the employer for EPFO contribution. This step will not only encourage people to protect their future by investing their EPFO but will also result in healthy employer- employee relationship and feeling of financial safety and stability.

The budget also provides for the financial requirements of students by way of model skill loans up to ₹7.5 lakh for 25,000 students per year. Besides, education loans up to ₹10 lakh are available to one lakh students every year pursuing education in domestic HEIs with interest subvention of 3% per annum. These provisions are looked into for easy burden of education-related expenses so that no meritorious student is deprived of quality education for want of funds.

These holistic and palpable steps, initiated by Finance Minister Nirmala Sitharaman in the budget, will derive benefits for all the stakeholders, with a positive fallout at the level of students, academia, and industry. All the aspirations of the youth will finally be achieved through these means, since they will be provided with ample livelihood opportunities and quality education. It will also be supposed to bring over 4.1 crore new employment in the forthcoming five years, therefore laying a strong foundation for a prosperous and thriving India.

The #BudgetForViksitBharat heralds the rise of a new age in the empowerment of youngsters and the making of a nation. Targeting education, employment, and skilling, it paves the way to a future brighter than the sun, wherein the aspirations of the youth will come alive. As India marches on and on at this journey of progress, this budget has proved to be really ruthless in its commitment to the all-round development of Young Indians so that they become the propellers of national success.