PM Modi launches youth-focused initiatives worth Rs 62,000 crore

Prime Minister Narendra Modi on Saturday unveiled various youth-focused initiatives worth more than Rs 62,000 crore, with a special emphasis on poll-bound Bihar.

Modi launched PM-SETU (Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs), a centrally sponsored scheme with an investment of Rs 60,000 crore. It



envisages the upgradation of 1,000 government ITIs in a hub-and-spoke model comprising 200 hub ITIs and 800 spoke ITIs.

“Collectively, PM-SETU will redefine India’s ITI ecosystem, making it government-owned but industry-managed, with global co-financing support from the World Bank and Asian Development Bank,” a PMO statement earlier said.