Sonica Aron, Founder, Marching Sheep
"The post-budget reaction to Budget 2024 in employment and skilling sectors has been notably positive. The government’s substantial ₹10,000 crore allocation for skill development reflects a strong commitment to preparing a workforce aligned with modern economic demands. Support for MSMEs through financial incentives and simplified credit is expected to boost job creation. Nirmala Sitharaman introduced a PM Package of five schemes with a ₹2 lakh crore allocation, aiming to enhance employment and skilling efforts. This year, ₹1.48 lakh crore is earmarked for education, employment, and skilling. The Employees' Provident Fund Organisation (EPFO) will see strengthened capabilities and outreach, and a new scheme will offer internships to 1 crore youth across 500 top companies. We had hoped for allocations and incentives for safety provisions and accessible infrastructure to boost the inclusion of women and persons with disabilities in the workforce. These initiatives aim to bridge the skills gap, drive economic growth, and build a resilient, future-ready workforce."
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