Central Government’s major Initiatives for Youth of India


PM Shri Narendra Modi led NDA Government at the Centre has taken a number of Key Initiatives for the benefit of youth of the country and Young India. Below mentioned schemes are some of the Key Initiatives which are widely debated and discussed from its initiation.

SCHOLARSHIPS

3.7 lakh schools students given National Means-Cum-Merit Scholarship

3.30 lakh scholarships granted to meritorious students of colleges in the last 3 years

Total amount of scholarship given to students by UGC, AICTE and Central Government is Rs. 1273 cr

9.65 lakh school girls sanctioned incentive amount of Rs 3000/- under

National Scheme of incentive to Girls for secondary education

Special scholarship to 24,200 J&K students to complete professional courses in best colleges throughout the country
National Scholarship Portal has been created as one stop solution for all scholarship needs. More than 2 Crore students have registered on this portal

STAND UP INDIA (Finance)

To promote entrepreneurship among SC/ST and Women launched by PM on 5th April, 2016

To benefit at least 2.5 lakh entrepreneurs.

Loans of more than 15,000 entrepreneurs approved out of which more than 80% are women.

Rs. 500 crores have been allotted in 2016-17

18,565 women and 4,756 SC/STs have so far benefited from Stand Up India scheme.

Capital subsidy under New scheme ATUFS (Amended Technology Upgradation Fund Scheme) in Textile Sector will create over 30 lakh jobs, especially for women

STARTUP INDIA (DIPP)

Startup India Movement launched on 16th January 2016 for promotion of Entrepreneurship among youth.

Action plan unveiled for encouraging startups.

Tax relief for three consecutive years out of a block of seven year for startups.

Start-up Fund of Rs. 10,000 Crore to be released over two Finance Commission cycles, that is, by 2025.

Startups are allowed to issue ESOPs to promoters working as employees

Startups approved

4536 Startup applications have been recognized as Startups by DIPP as on 12th October, 2017

74 Startups have been approved by IMB for availing tax benefit

450+ Startups have been mentored for incubation and funding support by Startup India Hub

MUDRA (Finance)

Pradhan Mantri MUDRA (Micro Units Development and Refinance Agency) Yojana

Launched by PM on 8th April, 2015 to promote entrepreneurship spirit among the youth.

Easy, loans without guarantee under three categories – Shishu, Kishore and Tarun by the banks.

Loans more than Rs. 1.80 lakh crore disbursed to over 4 crore borrowers in 2016-17 FY as per data available till 13.04.2017

Budget allocation for 2017-18 doubled to Rs.2.44 lakh crores against Rs. 1.22 lakh crores in 2016-17

More than 70% of the loans have been availed of by women entrepreneurs

SKILL INDIA (MSDE)

Skill building is the basic and foremost step that would eventually lead to the success of Make in India. With this concept, the Corporation has taken up various activities for the upgradation of the skill set, especially of the rural masses and North – eastern territories.

The programme aims to reduce the drudgery of people in their daily lives belonging to rural and backward areas of the country, facilitate new avenues of employment generation and income generating activities through S & T intervention. NRDC has conducted over 100 EDP/ Skill Development programs in North Eastern States and other backward regions on coir, sericulture, dairy, pottery, sanitation and agri & food processing clusters to improve the livelihood of the rural population. More than 200 units set-up by trainees and thus creating employment for others as well.