Hey there, folks! The recent Union Budget 2024, presented by Finance Minister Nirmala Sitharaman, has got everyone buzzing, especially in the education sector. The focus is on digital literacy and the vision of ‘Viksit Bharat.’ Exciting stuff, right?
One of the key highlights is that the Central government will be offering financial support for loans up to ₹10 lakhs to students for higher education in domestic institutions at a super low interest rate of 3%. Plus, there’s a new Central-sponsored skilling scheme in the works, aiming to skill about 20 lakh youths over the next five years in collaboration with state governments and industries.
But wait, there’s more! The government is all set to provide internships to a whopping 1 crore young people. These lucky interns will get a ₹5,000 stipend and a one-time assistance of ₹6,000, with the cherry on top being placements in the majority of the top 500 enterprises. Talk about a foot in the door!
We caught up with Bandana Kaur Bhatia, a 22-year-old Chartered Accountant, who shared her thoughts on the budget. She highlighted the importance of the government’s allocation of ₹1.48 crore to the education sector, jobs, and skill development. According to Bandana, this investment is crucial, especially considering the high number of unemployed individuals with degrees but lacking essential skills.
Meanwhile, Tanvi Thigale, a 20-year-old student, stressed the need for equal opportunities for all students. She suggested that the government should clearly define the selection criteria and eligibility requirements for student schemes under the internship opportunities to ensure accessibility for all, regardless of social or economic disparities.
On the other hand, Akanksha Parate, also 20, couldn’t contain her excitement about the budget. She praised the ₹10 lakh loan with government backing, stating that it will allow students to pursue higher education without financial worries. Akanksha also highlighted the new internship scheme as a great way to gain valuable experience in top companies.
And let’s not forget Anoushkha Joshi, another 20-year-old student, who believes that the employment-linked incentives introduced in the union budget will encourage businesses to hire more young professionals and ultimately reduce youth unemployment.
Overall, it seems like the Union Budget 2024 has brought some promising opportunities for the youth of India. Stay tuned for more updates as we dive deeper into the impact of these budget announcements. Exciting times ahead, folks!
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