Are you going to join a job for the first time? Then you are lucky, know what good news this budget has given

Emphasis on making people employable

Overall, it seems that this time the Modi government has given more importance to the fact that the youth should not face unemployment. Experts are also saying that the Modi government seems serious about solving the employment crisis, proof of which is found in the budget speech of Finance Minister Nirmala Sitharaman. So let's start with the efforts to make the youth employable. Finance Minister Nirmala Sitharaman has said that in five years, 20 lakh youth will be given skill training in various fields. For this, 1,000 industrial training institutes will be upgraded and courses and work will be prepared according to the needs of the industries.

Cheap and easy loans so that money does not become a hindrance in studies

The Finance Minister has said that the government will provide loans up to Rs 7.5 lakh to students, which is expected to help 25 thousand students every year. At the same time, students wishing to pursue higher education in the country will be given loans up to Rs 10 lakh at an annual interest rate of just 3 percent. This loan will be given to one lakh students every year through e-vouchers.

If you are educated then there is provision for internship also

The government has said that it will provide internships to 1 crore youth in top 500 companies in five years. For this, the government will also provide financial assistance to the interns without putting additional burden on itself and the companies. The Finance Minister said that the companies providing internships under this scheme will have to spend from their CSR fund. They will have to use 10% of their CSR fund to give an allowance of ₹ 5,000 per month to the interns and a one-time assistance of ₹ 6,000.

You've become skilled, done your internship, now it's time for a job

To ensure that the youth do not remain unemployed even after skill training, studies, internship, the government has made an incentive scheme. Now the government will also give one month's salary to the youth joining a job for the first time. In the budget speech, the Finance Minister announced a three-tier initiative to provide employment opportunities. He said that the youth getting a job for the first time in every kind of formal sector will also be given money equivalent to one month's salary by the government. Its conditions are that the monthly salary of the youth getting a job for the first time should be up to one lakh rupees. But the government will give a maximum of 15 thousand rupees in three installments. That is, if a youth has joined his first job on a salary of 10 thousand rupees per month, then the government will give him 10 thousand rupees in three installments. That is, the youth with a job of up to 15 thousand rupees per month will also be given 100 percent lump sum grant by the government. This will be completed in three installments. The government estimates that 2.10 crore youth will benefit from this.

➤ Youngsters getting jobs for the first time in the manufacturing sector and the companies employing them will be given exemption on PF amount. The government has said that the money that goes into PF in the first four years, whether it is given by the company or the employee, the government will deposit the money in EPFO ​​on behalf of both. That is, the take home salary of a first time job holder will be higher because the PF money will not be deducted from his salary, the government will pay it from its own funds. On the other hand, the company will also be encouraged to hire freshers because it will not have to pay PF money for the first four years. However, in the era of CTC package, now the entire contribution of PF is made by the employee, companies also show their contribution in CTC.

➤ The government will reimburse Rs 3,000 per month for EPFO ​​contribution to companies other than the manufacturing sector for 2 years. The government believes that this is expected to create 50 lakh jobs.

If a woman goes to work, she will be taken special care of

The government wants to increase the participation of women in jobs. For this, emphasis is being laid on increasing the safety of women going to work, their living arrangements and facilities for keeping their children in crèche after becoming mothers. Under this, Finance Minister Nirmala Sitharaman has announced in the budget that women's hostels and crèche will be built with the help of companies. This will not make women hesitate in going to work away from home. They will not have to worry about living arrangements and child care during duty.