Amit Shah Praises Budget 2024-25 for Youth Training and Employment Initiatives
Union Home Minister Amit Shah praised the government’s decision to provide training and internship programs to youths after the budget presentation. He called it a game-changing move, stating that the government will offer world-class training to 1 crore youth through internships in the top 500 companies.
In a social media post, Shah wrote, “The Budget 2024-25 will go down in history for coupling Bharat’s economic growth with the torque of the nation’s youth power. It provides for a massive fund of Rs 2 lakh crore to train 4.1 crore youth in a wide range of skills while envisioning another game-changing move of providing world-class training to 1 crore youth through internships in top 500 companies.”
Shah expressed gratitude to Prime Minister Narendra Modi for new employment initiatives, using the hashtag #BudgetForViksitBharat. He also thanked PM Modi for increasing the Mudra loan limit from Rs 10 lakh to Rs 20 lakh, which will help small and women entrepreneurs become job creators.
Finance Minister Nirmala Sitharaman presented her seventh consecutive Union Budget 2024-25, making history as the first finance minister to do so. Her budget outlined key priorities like productivity in agriculture, employment, skilling, and tax reforms aimed at fostering economic growth.
Sitharaman proposed creating employment for 4.1 crore youth over the next five years with an allocation of Rs 2 lakh crore. She also proposed Rs 1.48 crore for skilling citizens to generate job opportunities, with plans to upgrade 1,000 industrial training institutes.
Doubts Revealed
Amit Shah -: Amit Shah is a senior leader in the Indian government. He is the Union Home Minister, which means he is responsible for internal security and domestic policies.
Budget 2024-25 -: The Budget 2024-25 is a financial plan for the country for the years 2024 and 2025. It includes how the government will spend money and what projects it will focus on.
Youth Training -: Youth training refers to programs that help young people learn new skills. These skills can help them get jobs or start their own businesses.
Rs 2 lakh crore -: Rs 2 lakh crore is a very large amount of money. In Indian currency, ‘lakh’ means 100,000 and ‘crore’ means 10 million. So, Rs 2 lakh crore is 2 trillion rupees.
Internships -: Internships are short-term work experiences. They help students or young people learn about a job or industry by working in a real company.
Mudra loan -: Mudra loans are special loans given by the Indian government. They help small businesses and women entrepreneurs get money to start or grow their businesses.
Nirmala Sitharaman -: Nirmala Sitharaman is the Finance Minister of India. She is responsible for managing the country’s money and presenting the budget.
Agriculture -: Agriculture is the practice of farming. It includes growing crops and raising animals for food and other products.
Tax reforms -: Tax reforms are changes made to the tax system. These changes can make it easier or fairer for people and businesses to pay taxes.
Economic growth -: Economic growth means the economy is getting bigger and stronger. It usually means more jobs, more businesses, and better living conditions for people.
