We applaud the Indian government for the outstanding actions made in the first budget of the Modi 3.0 administration, which gave job and skill development, social justice, and manufacturing first priority. This progressive budget shows a strong dedication to inclusive growth, particularly for our farmers, women, and young people.The specific attention paid to job and skill development highlights the government’s commitment to fostering the potential of our youth. This dedication is demonstrated by the ambitious aim to skill 20 lakh young over the next five years, giving them the tools they need to prosper in a dynamic and changing market.
Additionally, a notable stride toward gender equality and economic empowerment is the emphasis on skill-building programs for women and the introduction of new initiatives to improve their economic involvement.
The program to offer internship chances to one crore kids in 500 premier organizations is one of the most notable efforts. With a one-time grant of Rs 6000 and a monthly internship allowance of Rs 5000, this program will provide our young talent providing them with invaluable practical experience, bridging the knowledge gap between school and work, and providing them with financial assistance while they are still studying.
In addition, the government’s employment-linked incentives program seeks to encourage the growth of the manufacturing industry. The program, which aims to promote hiring first-time workers, will provide rewards associated with contributions to the EPFO over the first four years of their job. This programme will help thirty lakh youth and create additional work possibilities in a number of industries. For every newly employed employee, employers are eligible to get reimbursement of up to Rs 3,000 per month for a maximum of two years for their EPFO contributions. This program’s main objective is to encourage the hiring of an extra 50 thousand people in order to promote economic expansion and job opportunities. It also seeks to encourage white-collar occupations in the formal sector, which will have a major impact on the industrial industry’s job growth.
on top of that eager but also completely equipped to back these endeavors and advance the country. We are dedicated to coordinating our actions with the government’s goals and making sure that our industry keeps playing a significant role in promoting economic growth. expansion, equity for everyone, and sustainable development. This dedication gives us hope that we can all work together to accomplish these objectives. It is a positive move that a taxonomy for climate funding has been introduced. This categorization scheme would facilitate investments in sustainable projects, give stakeholders clear standards, and guarantee that money is allocated to projects that have a positive influence on the environment. This taxonomy will aid in the fight against climate change, improve resource efficiency, and create a more resilient economy by supporting green financing. By working together, we can create a future in which every person in India has the chance to reach their full potential and contribute to a thriving and inclusive country.