Central government has announced in the Union Budget 2024–2025 a major skilling initiative to empower 20 lakh youth per annum over the next five years. Part of the Prime Minister's package, it involves setting up of 1,000 industrial training institutes (ITIs), where youth will receive 12 months of training, a monthly stipend of ₹5,000, and a one-time assistance of ₹6,000..
