Overview

• The ₹60,000 crore ITI upgradation scheme will modernize 1,000 ITIs and establish five National Centres of Excellence for Skilling, targeting two million youth over five years.
• The scheme will be funded by contributions from the central government, states, industry, and co-financing from the Asian Development Bank and the World Bank.
• The Phase B expansion of five IITs—Tirupati, Palakkad, Bhilai, Jammu, and Dharwad—will add 6,576 seats, 130 faculty posts, and five research parks over four years at a cost of ₹11,828.79 crore.
• The revised SHAKTI policy introduces two streamlined coal allocation windows: notified-price linkages for central and state producers and auction-based linkages for others.
• These initiatives aim to address skill shortages, enhance higher education capacity, and improve energy procurement efficiency, aligning with India's 'Viksit Bharat' vision.