PM Modi launches youth-focused initiatives worth over Rs 62,000 crore with special focus on poll-bound Bihar

Prime Minister Narendra Modi on Saturday unveiled various youth-focused initiatives worth more than Rs.62,000 crore in New Delhi, giving a push to education, skilling and entrepreneurship across the country.

PM Modi launched 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 in a hub-and-spoke model comprising 200 hub ITIs and 800 spoke ITIs.

Each hub will be connected to four spokes on an 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, it said, adding that hubs will also house innovation centres, training-of-trainers facilities, production units and placement services, while spokes will focus on expanding access.

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.

Big focus on Bihar

In the backdrop of Bihar set to undergo polling soon, PM Modi launched 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, significantly easing the financial burden of higher education. 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 to channelise and harness the energies of the state’s young population.

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