{"id":919,"date":"2024-07-27T08:30:53","date_gmt":"2024-07-27T08:30:53","guid":{"rendered":"https:\/\/caalokkumar.com\/my-writing\/?p=919"},"modified":"2024-07-27T08:30:55","modified_gmt":"2024-07-27T08:30:55","slug":"pathway-of-viksit-bharat","status":"publish","type":"post","link":"https:\/\/caalokkumar.com\/my-writing\/pathway-of-viksit-bharat\/","title":{"rendered":"Pathway of Viksit Bharat"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Union Budget 2024-25 delineates a visionary roadmap for transforming India into a developed nation, termed &#8220;Viksit Bharat.&#8221; This strategy encompasses nine pivotal priorities designed to generate abundant opportunities for all citizens and propel the country towards sustainable development and economic prosperity. The key priorities are:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Enhancing Agricultural Productivity and Resilience<\/strong>: Focus on modernizing agricultural practices to increase yield and ensure food security.<\/li>\n\n\n\n<li><strong>Skilling and Employment:<\/strong> Prioritizing the development of skills that match industry requirements and creating ample job opportunities to ensure economic stability and individual empowerment.<\/li>\n\n\n\n<li><strong>Inclusive Human Resource Development and Social Justice:<\/strong> Ensuring equitable access to education and resources, promoting social justice, and uplifting marginalized communities.<\/li>\n\n\n\n<li><strong>Revitalizing Manufacturing and Services Sectors:<\/strong> Strengthening these sectors to boost economic growth and create job opportunities.<\/li>\n\n\n\n<li><strong>Urban Development:<\/strong> Enhancing urban infrastructure and living standards to accommodate the growing urban population.<\/li>\n\n\n\n<li><strong>Energy Security:<\/strong> Fostering sustainable energy practices and ensuring a stable energy supply to support industrial and domestic needs.<\/li>\n\n\n\n<li><strong>Infrastructure Development:<\/strong> Building and upgrading infrastructure to support economic activities and improve connectivity.<\/li>\n\n\n\n<li><strong>Innovation, Research &amp; Development:<\/strong> Investing in R&amp;D to foster innovation, technological advancements, and competitive edge in the global market.<\/li>\n\n\n\n<li><strong>Next Generation Reforms:<\/strong> Implementing reforms that promote efficiency, transparency, and inclusivity in governance and business practices.<\/li>\n<\/ol>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"367\" height=\"366\" src=\"https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2024\/07\/union-budget-2024.webp\" alt=\"\" class=\"wp-image-920\" style=\"width:367px;height:auto\" srcset=\"https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2024\/07\/union-budget-2024.webp 367w, https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2024\/07\/union-budget-2024-300x300.webp 300w, https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2024\/07\/union-budget-2024-150x150.webp 150w\" sizes=\"auto, (max-width: 367px) 100vw, 367px\" \/><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\">Emphasis on Skilling and Employment<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The budget underscores the critical importance of skilling and employment in driving nation-building efforts. With a median age of 28 and 65% of the population under 35, India has a unique demographic advantage. However, bridging the skill gap remains a priority, as currently, only 51.25% of the youth are considered employable. The government\u2019s initiatives aim to enhance this percentage and prepare the workforce for a dynamic global economy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Government Initiatives for Skill Development<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Union Budget 2024-25 introduces several landmark initiatives:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Centrally Sponsored Scheme:<\/strong> In collaboration with state governments and industry, this scheme aims to skill 20 lakh youth over five years and upgrade 1,000 Industrial Training Institutes (ITIs).<\/li>\n\n\n\n<li><strong>Revised Model Skill Loan Scheme:<\/strong> Provides loans up to \u20b97.5 lakh with government-backed guarantees, benefiting 25,000 students annually. Additionally, loans up to \u20b910 lakh for higher education with annual interest subvention of 3% for 1 lakh students each year.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\"><div class=\"wp-block-image wp-duotone-midnight\">\n<figure class=\"alignleft\"><img loading=\"lazy\" decoding=\"async\" width=\"459\" height=\"459\" src=\"https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2024\/07\/1.webp\" alt=\"\" class=\"wp-image-921\" srcset=\"https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2024\/07\/1.webp 459w, https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2024\/07\/1-300x300.webp 300w, https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2024\/07\/1-150x150.webp 150w\" sizes=\"auto, (max-width: 459px) 100vw, 459px\" \/><\/figure>\n<\/div>\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">&#8220;Discover the Union Budget 2024-25&#8217;s &#8216;Pathway of Viksit Bharat,&#8217; focusing on nine priorities to drive India&#8217;s growth towards becoming a developed nation.&#8221;<\/p>\n<\/blockquote>\n<\/div>\n<\/div>\n\n\n<div class=\"wp-block-image wp-duotone-000000-f78da7-1\">\n<figure class=\"alignright size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"367\" height=\"388\" src=\"https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2024\/07\/11.webp\" alt=\"\" class=\"wp-image-922\" srcset=\"https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2024\/07\/11.webp 367w, https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2024\/07\/11-284x300.webp 284w\" sizes=\"auto, (max-width: 367px) 100vw, 367px\" \/><\/figure>\n<\/div><\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Continued Support for Established Programs<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>National Policy on Skill Development &amp; Entrepreneurship (NPSDE):<\/strong> Aims to bridge skill gaps, enhance industry engagement, and expand apprenticeship opportunities.<\/li>\n\n\n\n<li><strong>Pradhan Mantri Kaushal Vikas Yojana (PMKVY):<\/strong> Has trained over 1.42 crore individuals since 2015, integrating over 1,000 educational institutions as Skill India Centres.<\/li>\n\n\n\n<li><strong>Craftsmen Training Scheme (CTS):<\/strong> Focuses on long-term vocational training, with notable growth in female participation.<\/li>\n\n\n\n<li><strong>Jan Shikshan Sansthan (JSS):<\/strong> Targets non\/neo-literates, having trained 26.36 lakh individuals from FY19 to FY24, with women constituting 82% of beneficiaries.<\/li>\n\n\n\n<li><strong>National Apprenticeship Promotion Scheme (NAPS):<\/strong> Engaged 32.38 lakh apprentices, with significant female participation growth.<\/li>\n\n\n\n<li><strong>Entrepreneurship Training:<\/strong> Provided by institutions like NIESBUD and IIE, training 4.64 lakh individuals from FY19 to FY24.<\/li>\n\n\n\n<li><strong>Skill India Digital Hub:<\/strong> Launched in August 2023, engaging over 60 lakh learners and integrating multiple government initiatives.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Targeting Emerging Sectors and Global Standards<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Green Hydrogen and PM Vishwakarma Initiative:<\/strong> Focused on skilling in emerging sectors.<\/li>\n\n\n\n<li><strong>Skill India International Centers:<\/strong> Promoting mutual recognition of qualifications and international mobility through partnerships with countries like Australia and Germany.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Innovative Financing and Industry Collaboration<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>National Skill Development Corporation (NSDC):<\/strong> Drives industry collaboration through innovative finance mechanisms like the Skill Impact Bond, training thousands of youths, including a significant proportion of women.<\/li>\n\n\n\n<li><strong>Directorate General of Training (DGT):<\/strong> Partners with major corporations to provide industry-relevant skills training.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Employment Enhancement Initiatives<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The government has unveiled comprehensive schemes to enhance employment opportunities for 4.1 crore youth over five years:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Employment-Linked Incentive Schemes:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Scheme A:<\/strong> Offers up to \u20b915,000 for first-time employees registered with EPFO.<\/li>\n\n\n\n<li><strong>Scheme B:<\/strong> Provides incentives for EPFO contributions for both employees and employers in the manufacturing sector.<\/li>\n\n\n\n<li><strong>Scheme C:<\/strong> Reimburses up to \u20b93,000 per month for two years towards EPFO contributions for each additional employee.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Internship Scheme:<\/strong> Provides opportunities for 1 crore youth in 500 top companies.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Promoting Women\u2019s Workforce Participation<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Establishing working women hostels and cr\u00e8ches.<\/li>\n\n\n\n<li>Women-specific skilling programs.<\/li>\n\n\n\n<li>Promoting market access for women-led Self-Help Group (SHG) enterprises.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Conclusion<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">India faces significant challenges with its skill gap, but the government&#8217;s proactive initiatives have shown progress in bridging this divide. These comprehensive efforts aim to address talent shortages and prepare India\u2019s youth for a global economy, highlighting the need for sustained investment and collaboration.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Read more:- <a href=\"https:\/\/caalokkumar.com\/my-writing\/transitioning-from-old-to-new-tax-regime-post-budget-2024\/ rel=&quot;dofollow&quot;\">Transitioning from Old to New Tax Regime Post Budget 2024<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/caindwarka.com rel=&quot;dofollow&quot;\">Chartered Accountant in Dwarka Delhi<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/itrkendra.com\" target=\"_blank\" rel=\"noopener\">Income tax Return Filing in Dwarka Delhi<br><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Union Budget 2024-25 delineates a visionary roadmap for transforming India into a developed nation, termed &#8220;Viksit Bharat.&#8221; This strategy encompasses nine pivotal priorities designed to generate abundant opportunities for&#8230;<\/p>\n","protected":false},"author":1,"featured_media":922,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[500],"tags":[503,509,505,510,508,511,504,506,502,507,501],"class_list":["post-919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pathway-of-viksit-bharat","tag-agricultural-productivity","tag-energy-security","tag-human-resource-development","tag-infrastructure-development","tag-manufacturing-and-services-sectors","tag-nect-generation-reforms","tag-skilling-and-employment","tag-social-justice","tag-union-budget-2024-25","tag-urban-development","tag-viksit-bharat"],"_links":{"self":[{"href":"https:\/\/caalokkumar.com\/my-writing\/wp-json\/wp\/v2\/posts\/919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/caalokkumar.com\/my-writing\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/caalokkumar.com\/my-writing\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/caalokkumar.com\/my-writing\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/caalokkumar.com\/my-writing\/wp-json\/wp\/v2\/comments?post=919"}],"version-history":[{"count":1,"href":"https:\/\/caalokkumar.com\/my-writing\/wp-json\/wp\/v2\/posts\/919\/revisions"}],"predecessor-version":[{"id":923,"href":"https:\/\/caalokkumar.com\/my-writing\/wp-json\/wp\/v2\/posts\/919\/revisions\/923"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/caalokkumar.com\/my-writing\/wp-json\/wp\/v2\/media\/922"}],"wp:attachment":[{"href":"https:\/\/caalokkumar.com\/my-writing\/wp-json\/wp\/v2\/media?parent=919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/caalokkumar.com\/my-writing\/wp-json\/wp\/v2\/categories?post=919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/caalokkumar.com\/my-writing\/wp-json\/wp\/v2\/tags?post=919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}