PM Modi to launch Rs 1,000 monthly allowance for 5 lakh graduates, open skill university in Bihar - World News Network

New Delhi [India], October 4 (ANI): In a significant development pertaining to youth progress, Prime Minister Narendra Modi is set to introduce a series of initiatives focused on young individuals, with a cumulative investment exceeding Rs. 62,000 crore.
This event will take place at 11 AM in Vigyan Bhawan, New Delhi. These initiatives aim to provide a substantial enhancement to education, skill development, and entrepreneurship across the nation.
The programme will also feature the Kaushal Deekshant Samaroh, the fourth edition of the National Skill Convocation, organised 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, as stated in the release.
According to the release, 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, The 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 implementation, there will be special focus on ITIs in Patna and Darbhanga.
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. The Prime Minister will launch Bihar’s revamped Mukhyamantri Nishchay Svyam Sahayata Bhatta Yojana, under which nearly five lakh graduate youth will receive a monthly allowance of Rs. 1,000 for two years, along with free skill training, every year.
He will also launch the redesigned Bihar Student Credit Card Scheme, which will provide completely interest-free education loans of up to Rs . 4 lakhs, significantly easing the financial burden of higher education. More than 3.92 lakh students have already availed of loans worth over 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.
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, namely 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 crores, will benefit more than 27,000 students by providing modern academic infrastructure, advanced laboratories, hostels, and multidisciplinary learning opportunities.
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.The
Prime Minister will also distribute appointment letters to more than 4,000 newly recruited candidates in the Government of Bihar and release Rs. 450 crores 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)

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