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Modi Launches Rs 62,000 Crore Youth Package With PM-SETU, Bihar in Spotlight

The rollout centers on a government‑owned, industry‑managed overhaul of ITIs with multilateral backing.

Overview

  • PM-SETU allocates Rs 60,000 crore to upgrade 1,000 government ITIs via a 200‑hub and 800‑spoke model run by Anchor Industry Partners with initial focus on Patna and Darbhanga.
  • The scheme is designed as government‑owned but industry‑managed with co‑financing support stated from the World Bank and Asian Development Bank.
  • Modi inaugurated 1,200 vocational skill labs across Navodaya Vidyalayas and Eklavya Model Residential Schools in 34 states and UTs, paired with training for 1,200 vocational teachers in 12 high‑demand sectors.
  • Bihar‑specific measures include a Rs 1,000 monthly allowance for two years for about five lakh graduates, an interest‑free student credit card offering loans up to Rs 4 lakh, the Bihar Yuva Ayog, and the Jan Nayak Karpoori Thakur Skill University.
  • Higher‑education initiatives include dedicating NIT Patna’s Bihta campus with a 5G lab, ISRO‑linked space centre and incubation hub, and laying foundations under PM‑USHA for facilities in four Bihar universities worth Rs 160 crore for about 27,000 students; the event also featured 4,000 appointment letters, Rs 450 crore in school scholarships and felicitation of 46 ITI toppers.