Education and Employment Under Budget 2024

Tap to Read ➤ Finance Minister Nirmala Sitharaman on July 23 presented the union budget for 2024-25. This budget certainly holds some good surprises for students and job seekers. Let’s unfold Education and Employment under budget 2024.

Major Employment Initiative Under Budget 2024 This first budget during the Modi 3.0 period has brought significant initiatives for youths. Per budget 2024, a large-scale paid internship program will be organised.

Internship Program Under Budget According to the Finance Minister’s plan, over the next five years 1 crore youths will be participating in 1 year internships and earning a stipend of INR 5000 per month.

Education Loan Under Budget 2024 A breakthrough initiated in the budget is offering students easy access to education loans. Education loans up to INR 10 lakhs can be availed by students enrolled in private colleges.

Objective of Budget 2024 This union budget 2024 aims at achieving PM Modi’s ultimate milestone of building “Viksit Bharat” by 2047. Around 1.48 crore will be allocated to education, skilling, and employment.

Budget’s Benefits to the Ed Tech Sector With the increasing investment in education and training, EdTech startups have a bright future. This sector is likely to attract more investors.