Youth are the future of India, and the government has launched various government employment schemes aimed at promoting education, employment, and entrepreneurship. Additionally, the Indian government continues to launch numerous initiatives to empower youth.
Through these employment schemes of the government, all the youth are to be made self-reliant by providing them education, employment, skill development, and financial assistance. In this article, we are telling about some major government schemes available for the youth, by taking advantage of which they can give a new boost to their career.
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Prime Minister’s Skill Development Scheme (PMKVY)
The Pradhan Mantri Kaushal Vikas Yojana aims to provide industry-based skills training to youth. This scheme was launched specifically for unemployed youth to provide them with better employment opportunities. Along with the training, a certificate is also awarded. During the training, the youth are also provided with a stipend.
Startup India Scheme
The objective of the Startup India scheme is to help youth establish their own employment by encouraging innovation. Under this scheme, youth are provided with affordable loans to start businesses. The government also provides discounts on the loans granted.
Prime Minister Mudra Scheme (PMMY)
This scheme was launched by Prime Minister Modi. Under this scheme, loans are provided to young people at affordable rates to establish employment. If you want to start your own business, you can apply for a Mudra Loan. Along with this, small businessmen can also take loan to start a business like shop or to expand their business.
Prime Minister Employment Generation Scheme (PMEGP)
Loans are provided to young people who wish to set up their own businesses. People in both rural and urban areas will benefit from this program. Under this program, the government provides 25%-35% of the project cost as a subsidy.
Atal Innovation Mission (AIM)
The Atal Innovation Mission aims to support youth and startups. Laboratories will be established in schools and colleges to help them. The scheme will also help secure funding for projects.
Digital India Scheme
The Digital India initiative aims to train youth in digital literacy. Rural and urban youth will be trained to take advantage of the online world. Employment opportunities in the IT and digital sectors will increase.
National Savings Certificate (NSC)
The National Savings Certificate (NSC) is a savings scheme offered through post offices. This scheme is specifically designed for middle-class investors. Under this scheme, you can invest a minimum of ₹1,000 for a period of one year, and it offers interest at 7%.