Union Budget 2024: Govt To Provide Internships For 1 Crore Youth Over 5 Years | ABP NEWS

Finance Minister Nirmala Sitharaman presented her seventh consecutive Union Budget today, marking the first budget of the newly formed Narendra Modi-led NDA government's third term. In her speech, Sitharaman announced key changes to the income tax structure, offering relief to salaried individuals and pensioners while supporting the start-up ecosystem.

To address unemployment, the budget introduces a new internship scheme providing opportunities for 1 crore youths in over 500 leading companies. The scheme offers a monthly stipend of Rs 5,000 and a one-time assistance payment of Rs 6,000. Additionally, the government plans to create job opportunities for approximately 4.1 crore youth over the next five years with a substantial Rs 2 lakh crore allocation, aiming to significantly boost employment.