'Saptarishi' in Union Budget 2023: Centre’s focus on ‘Youth Power’; all you must know

To empower youth and help the ‘Amrit Peedhi’ realize their dreams, the government has formulated the National Education Policy, said Finance Minister Nirmala Sitharaman while presenting the Budget 2023.

Sitharaman outlined seven priorities of this year's Union Budget. These priorities complement each other and act as the 'saptarishi'.

Priority No 6 – ‘Youth Power’ - Know the Components

Pradhan Mantri Kaushal Vikas Yojana 4.0

Pradhan Mantri Kaushal Vikas Yojana 4.0 will be launched to skill lakhs of youth within the next three years.

Skill India Digital Platform

The digital ecosystem for skilling will be further expanded with the launch of a unified Skill India Digital platform for enabling demand-based formal skilling, linking with employers including MSMEs, and facilitating access to entrepreneurship schemes.

National Apprenticeship Promotion Scheme

Direct Benefit Transfer under a pan-India National Apprenticeship Promotion Scheme will be rolled out to provide stipend support to 47 lakh youth in three years.

Tourism

50 destinations will be selected through challenge mode. Every destination would be developed as a complete package. The focus of development of tourism would be on domestic as well as foreign tourists.

Unity Mall

States will be encouraged to set up a Unity Mall in their state capital or most prominent tourism centre or the financial capital for promotion and sale of their own ODOPs (one district, one product), GI products and other handicraft products.