Bhubaneswar: The Union Budget 2024–25 shows a strong commitment to youth empowerment, acknowledging that it is essential to the success of our country, said Silpi Sahoo, Chairperson of SAI International Education Group.
She pointed out that a 30% increase in funding to Rs 1.48 lakh crores has been allocated for education, employment, and skill development which is a necessary and promising initiative.
Students from low-income backgrounds benefitting from the provision of financial support for loans up to Rs 10 lakh for higher education is a welcome move by the Government. Internship chances at 500 leading companies for 1 crore students during a 5-year period coupled with an internship allowance of Rs 5,000 per month and a one-time aid of Rs 6,000 will offer invaluable exposure and professional experience to the youth of India, Sahoo maintained.
Furthermore, the skilling project, which is a partnership between business and state governments, intends to improve 1,000 Industrial Training Institutes to train 20 lakh kids over the course of five years is a notable development in the Union Budget, she added.
“I am sure that many students will benefit from the redesigned Model Skill Loan Scheme, which would provide loans up to Rs 7.5 lakh backed by a government-sponsored fund. This will help the youth to be more professionally trained,” she said.
Sahoo further appreciated the Budget, saying that the Eastern region’s ‘Purbodaya’ plan and the emphasis on digitization and technology adoption prioritizing infrastructure, economic prospects, and human resource development will be a key to turn the region into a major player in the global economy.
“If these policies are implemented effectively, Bharat is on the path to attaining global leadership”, she added.
