The government’s move to launch a scheme to provide internship opportunities in 500 top companies to 1 crore youngsters in the next five years will go a long way in creating new jobs in the country. This will also enable the youngsters to upskill themselves and move up the value chain. Acquiring the requisite skills needed for the industry is most important, and this move to provide internships will accelerate that process.
The finance minister has also said that the government will allocate Rs.1.48 lakh crore for the education sector, jobs and skill development. This is a tremendously encouraging move.
The FM has also announced financial support for loans up to Rs.10 lakh for higher education in domestic institutions. This measure will encourage students to continue their education in India, creating a situation where their technical skills can be utilised.
Views expressed by: Raj Mruthyunjayappa, Chairman and CEO, Talisma Corporation
