Various Employment and Internship related schemes in Budget 2024!
ฝัง
- เผยแพร่เมื่อ 7 ก.ย. 2024
- The FM has announced many employment Schemes in Budget 2024. This video elaborates on the same.
Out of the 8 schemes in relation to job creation,
the first 3 are Employment Linked Incentive Schemes
the next 2 are in relation to upskilling and internship
1 is to boost women in workforce
and last 2 are in relation to financial assistance towards upskilling and higher education.
* Employment Linked Incentive Scheme 1: First timers
- First time employees entering workforce in all formal sectors
- registered under EPFO
- Government will do direct benefit transfer of 1 minth salary in 3 instalments upto a limit of Rs. 15000
- Applicable for salary upto Rs. 1 lakh per month
- 210 lakh youth to benefit
* Employment Linked Incentive Scheme 2: Job creation in Manufacturing
- Incentive for additional employment in Manufacturing sector, towards employment of first time employees
- Incentive to both employer as well as employee, for contribution towards EPFO in specified scale for first 4 years
- Expected to benefit 30 lakh youth and their employers
* Employment Linked Incentive Scheme 3: Support to Employers
- Employer focussed Scheme
- Incentive for additional employment in all sectors
- Eligibility: Salary upto Rs. 1 lakh per month
- Government will reimburse employers upto Rs. 3000 per month for 2 years towards EPFO contribution of additional employee
- Expected to incentivize additional employment for 50 lakh persons.
* Scheme 4: Skilling Programme
- Skill Development in collaboration with state government and industry
- 1000 ITIs (Industrial Training Institutes) will be upgraded with hub and spoke arrangement with outcome orientation
- Course content and design as per requirement of skill needs of industry
- New content to be designed for emerging needs
- 20 lakh youth to be trained over 5 year period
* Scheme 5: Internship Opportunities
- 12 month internship at top 500 companies for exposure to real life business environment
- Internship allowance of Rs. 5000 per month and one time assistance of Rs. 6000 per month will be provided
- Companies to bear training cost + 10% of internship cost from CSR funds
- Will benefit 1 crore youth in 5 years
* Scheme 6: Better Facilitation for women in workforce
- Setting up working women hostels in collaboration with industry
- Establishing creches
* Scheme 7: Skilling Loans
- Model Skill Loan Scheme to be revised to facilitate loans upto Rs. 7 lakhs
- Guarantee to be provided from a government promoted fund
- Expected to help 25000 students every year
* Scheme 8: Education Loans
- If any youth is not eligible for any benefit under government schemes and policies, then education loans to be provided upto Rs. 10 lakh for higher education in domestic institution
- E-vouchers to be given directly to 1 lakh students every year for annual interest subvention of 3% of loan amount.
Very informative, thank you
Very nice information and very well presented. Thanks for this video
Very👍 informative thank you🙏 so much madam
Most waited 🎉
Thank you so much for enlightenment on topics of budget and allocation of money by government in simple manner
Very well presented. Could you do a video on taxation on foreign shares please
I have been sacked despite having three degree and the reason was due to lack of emotional maturity just five weeks into the job. This will really help me mam. Thankyou.
Madam if possible only please make a video internship opportunities for graduates who are physically challenged person job opportunity in Visakhapatnam please🙏🙏🙏
Madam i am physically challenged person failed in cma inter. Searching for very small desk job opportunity in Visakhapatnam