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Modi to Unveil Rs 62,000-Crore Youth Package on Oct 4, Led by PM-SETU and 1,200 Skill Labs

The rollout targets employability through upgraded ITIs plus school-based labs, with a special focus on Bihar.

Overview

  • The Prime Minister’s Office said the initiatives will be unveiled at 11 am on October 4 at Vigyan Bhawan, outlining a nationwide push in education, skilling and entrepreneurship worth over Rs 62,000 crore.
  • At the core is PM-SETU, a centrally sponsored Rs 60,000-crore scheme to upgrade 1,000 government ITIs across the country.
  • The programme includes inaugurating 1,200 vocational skill labs in Navodaya Vidyalayas and Eklavya Model Residential Schools across 34 states and union territories to provide hands-on training in high-demand sectors.
  • Bihar-specific launches confirmed by the PMO include the relaunch of the Mukhyamantri Nishchay Svyam Sahayata Bhatta Yojana with a Rs 1,000 monthly allowance for two years to 5 lakh graduates, the inauguration of Jan Nayak Karpoori Thakur Skill University, foundation stones for new facilities at four universities, and the dedication of NIT Patna’s Bihta campus with advanced labs and an incubator.
  • Media reports, not separately confirmed by the PMO, describe industry-managed ITI clusters under a hub-and-spoke model with World Bank and ADB support and an initial focus on Patna and Darbhanga, along with a redesigned student credit card scheme, a Bihar youth commission, government appointment letters, and large-scale scholarship transfers.