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Modi Launches Over ₹62,000-Crore Youth Package, Unveils PM-SETU To Upgrade 1,000 ITIs

The package centers on an industry-run skilling model backed by multilateral lenders, prioritizing Bihar in the first phase.

Overview

  • PM-SETU allocates ₹60,000 crore to modernize 1,000 government ITIs in a 200-hub/800-spoke design managed by Anchor Industry Partners, with initial focus on Patna and Darbhanga.
  • Officials described the scheme as government-owned but industry-managed, with planned co-financing support from the World Bank and Asian Development Bank.
  • 1,200 Vocational Skill Labs were inaugurated across 400 Navodaya Vidyalayas and 200 Eklavya Model Residential Schools in 34 states and UTs, with 1,200 teachers trained for 12 high-demand sectors.
  • Bihar-specific rollouts include a ₹1,000 monthly allowance for two years to nearly five lakh graduates with free skill training, and redesigned interest-free education loans up to ₹4 lakh under the Student Credit Card scheme that has already aided 3.92 lakh students.
  • The Prime Minister inaugurated Jan Nayak Karpoori Thakur Skill University, dedicated NIT Patna’s Bihta campus with a 5G lab and an ISRO-linked space centre, laid foundations for PM-USHA projects at four Bihar universities worth ₹160 crore, and issued over 4,000 appointment letters while transferring ₹450 crore in scholarships to 25 lakh students.