Key Points

Prime Minister Narendra Modi is launching massive youth-focused initiatives worth over Rs 62,000 crore. The flagship PM-SETU scheme will transform 1,000 government ITIs with industry partnerships and global funding. Vocational skill labs are being set up in schools across 34 states to provide hands-on training in high-demand sectors. Bihar receives special attention with monthly allowances, interest-free loans, and new educational infrastructure projects.

Key Points: Modi Unveils Rs 62,000 Crore Youth Skill Development Initiatives

  • PM-SETU scheme allocates Rs 60,000 crore to upgrade 1,000 ITIs in hub-spoke model
  • 1,200 vocational labs established in Navodaya and Eklavya schools nationwide
  • Bihar youth to receive Rs 1,000 monthly allowance plus free skill training
  • New Bihar Student Credit Card offers interest-free education loans up to Rs 4 lakh
4 min read

PM to unveil youth-focused initiatives worth over Rs 62,000 crore on October 4

PM Modi launches PM-SETU scheme upgrading 1,000 ITIs, vocational labs in schools, and Bihar youth programs to boost employability nationwide.

"PM-SETU will redefine India's ITI ecosystem, making it government-owned but industry-managed - Government Statement"

New Delhi, October 3

In a landmark initiative for youth development, Prime Minister Shri Narendra Modi will unveil various youth-focused initiatives worth more than Rs 62,000 crore at 11 AM in Vigyan Bhawan, New Delhi, giving a decisive push to education, skilling and entrepreneurship across the country.

The programme will also feature the Kaushal Deekshant Samaroh, the fourth edition of the National Skill Convocation, organized in accordance with the Prime Minister's vision, where 46 All India Toppers from Industrial Training Institutes under the Ministry of Skill Development and Entrepreneurship will be felicitated.

The Prime Minister will launch PM-SETU (Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs), a centrally sponsored scheme with an investment of Rs 60,000 crore. The scheme envisages the upgradation of 1,000 Government ITIs across the country in a hub-and-spoke model comprising 200 hub ITIs and 800 spoke ITIs. Each hub will be connected to four spokes on average, creating clusters equipped with advanced infrastructure, modern trades, digital learning systems and incubation facilities.

Anchor Industry Partners will manage these clusters, ensuring outcome-based skilling aligned with market demand. Hubs will also house innovation centres, training-of-trainers facilities, production units and placement services, while spokes will focus on expanding access. Collectively, PM-SETU will redefine India's ITI ecosystem, making it government-owned but industry-managed, with global co-financing support from the World Bank and Asian Development Bank. In the first phase of the scheme, there will be special focus on ITIs in Patna and Darbhanga.

The Prime Minister will inaugurate 1,200 Vocational Skill Labs established in 400 Navodaya Vidyalayas and 200 Eklavya Model Residential Schools across 34 States and Union Territories. These labs will equip students, including those in remote and tribal areas, with hands-on training in 12 high-demand sectors such as IT, automotive, agriculture, electronics, logistics and tourism.

Aligned with the National Education Policy 2020 and CBSE curriculum, the project also involves the training of 1,200 vocational teachers to deliver industry-relevant learning and create an early foundation for employability.

A special emphasis of the programme will be on transformative projects in Bihar, reflecting the state's rich legacy and youthful demographic. Prime Minister will launch Bihar's revamped Mukhyamantri Nishchay Svyam Sahayata Bhatta Yojana, under which nearly five lakh graduate youth every year will receive a monthly allowance of Rs 1,000 for two years, along with free skill training.

He will also launch the redesigned Bihar Student Credit Card Scheme, which will provide completely interest-free education loans of up to Rs 4 lakh. More than 3.92 lakh students have already availed loans worth more than Rs 7,880 crore under the scheme. Further strengthening youth empowerment in the state, Bihar Yuva Ayog, a statutory commission for people between the ages of 18 and 45, will be formally inaugurated by the Prime Minister.

The Prime Minister will also inaugurate the Jan Nayak Karpoori Thakur Skill University in Bihar, envisioned to impart industry-oriented courses and vocational education to create a globally competitive workforce.

Taking forward the National Education Policy 2020 with the vision to make higher education avenues better, Prime Minister will lay the foundation stone for new academic and research facilities in four universities of Bihar -- Patna University, Bhupendra Narayan Mandal University in Madhepura, Jai Prakash Vishwavidyalaya in Chapra and Nalanda Open University in Patna -- under the PM-USHA (Pradhan Mantri Uchchatar Shiksha Abhiyan). Together, these projects, with a total allocation of Rs 160 crore, will benefit more than 27,000 students.

Prime Minister will dedicate to the nation the Bihta campus of NIT Patna. With the capacity to host 6,500 students, the campus houses advanced facilities including a 5G use case lab, a Regional Academic Centre for Space established in collaboration with ISRO, and an Innovation and Incubation Centre that has already supported nine start-ups.

Prime Minister will also distribute appointment letters to more than 4,000 newly recruited candidates in the Government of Bihar and release Rs 450 crore in scholarships through Direct Benefit Transfer to 25 lakh students of Class 9 and 10 under the Mukhyamantri Balak/Balika Scholarship Scheme.

The initiatives to be launched are expected to create significant opportunities for India's youth. By integrating education, skill development, entrepreneurship, and improved infrastructure, they aim to support a solid foundation for the country's progress. With a special focus on Bihar, the state is likely to develop as a centre for skilled manpower, contributing to growth both regionally and nationally.

- ANI

Share this article:

Reader Comments

R
Rohit P
Finally some concrete steps towards skill development! The hub-and-spoke model for ITIs sounds promising. Hope the implementation is as good as the planning. We need more industry-ready youth in India.
A
Aditya G
While I appreciate the initiative, I hope there's proper monitoring and accountability. Big announcements are common, but actual ground-level impact matters more. Let's see how this transforms our education system in reality.
S
Sarah B
The vocational skill labs in Navodaya and Eklavya schools are brilliant! Early exposure to practical skills will make such a difference for students in remote areas. This is inclusive development at its best. 👍
V
Vikram M
As someone from Bihar, I'm really happy to see the focus on our state. The interest-free education loans and new university facilities will help so many students. Hope this brings real change to our education system!
M
Michael C
The collaboration with World Bank and ADB for PM-SETU shows global confidence in India's growth story. The government-owned but industry-managed approach could be a game-changer for technical education.
K
Kavya N
The 5G lab and ISRO collaboration at NIT Patna campus is impressive! This kind of infrastructure will help our students compete globally. More such initiatives needed across

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50