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Empowering India - Skillful India - Budget 2015

CS Swati D Rawat
National Skill Mission consolidates skilling programmes and a financial aid authority to expand educational access and employability. The Budget announces a National Skill Mission to consolidate skilling initiatives and a Deen Dayal Upadhyay Gramin Kaushal Yojana to boost rural employability; it creates a Student Financial Aid Authority to administer scholarships and loans through the Pradhan Mantri Vidya Lakshmi Karyakram. It also proposes expansion and upgrading of higher education, medical, research and pharmaceutical institutes; an autonomous Bank Board Bureau to improve public sector bank governance; acceleration of the National Optical Fibre Network with state execution on reimbursement; targeted state assistance; adherence to legal commitments from state reorganisation; promotion of domestic defence manufacturing; and initiation of industrial corridors and financial city projects. (AI Summary)
  1. Less than 5% of our potential work force gets formal skill training to be employable. A national skill mission to consolidate skill initiatives spread across several ministries to be launched.
  2. Deen Dayal Upadhyay Gramin Kaushal Yojana to enhance the employability of rural youth.
  3. A Committee for 100th birth celebration of Shri Deen Dayalji Upadhyay to be announced soon.
  4. A student Financial Aid Authority to administer and monitor the front-end all scholarship as well Educational Loan Schemes, through the Pradhan Mantri Vidya Lakshmi Karyakram.
  5. An IIT to be set up in Karnataka and Indian School of Mines, Dhanbad to be upgraded in to a full-fledged IIT.
  6. New All India Institute of Medical Science (AIIMS) to be set up in J and K, Punjab, Tamil Nadu, Himachal Pradesh and Assam. Another AIIMS like institutions to be set up in Bihar.
  7. A post graduate institute of Horticulture Research and Education is to be set up in Amritsar.
  8. 3 new National Institute of Pharmaceuticals Education and Research in Maharashtra, Rajasthan and Chattisgarh and one institute of Science and Education Research is to be set up in Nagaland and Orissa each.
  9. An autonomous Bank Board Bureau to be set up to improve the governance of public sector bank.
  10. The National Optical Fibre Network Programme (NOFNP) to be further speeded up by allowing willing states to execute on reimbursement of cost basis.
  11. Special assistance to Bihar and West Bengal to be provided as in the case of Andhra Pradesh.
  12. Government is committed to comply with all the legal commitments made to AP and Telengana at the time of their re-organisation.
  13. Inspite of large increase in devolution to state sufficient fund allocated to education, health, rural development, housing, urban development, women and child development, water resources and cleaning of Ganga.
  14. Part of Delhi-Mumbai Industrial Corridor (DMIC); Ahmedabad-Dhaulera Investment region and Shendra-Bidkin Industrial Park are now in a position to start work on basic infrastructure.
  15. Made in India and the Buy and the make in India policy are being carefully pursued to achieve greater self-sufficiency in the area of defence equipment including air-craft.
  16. The first phase of GIFT to become a reality very soon. Appropriate regulations to be issued in March.
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