<h1>Budget 2024-25 Unveils Rs. 2 Lakh Crore for Youth Employment and Skill Development Over Five Years.</h1> The Union Budget 2024-25, presented by the Finance Minister, introduces a Rs. 2 lakh crore package targeting employment and skill development for 4.1 crore youth over five years. It includes five schemes: Scheme A offers wage subsidies for first-time employees; Scheme B incentivizes manufacturing sector job creation; Scheme C supports employers hiring additional staff. A new skilling initiative, with a Rs. 60,000 crore budget, will upgrade 1,000 ITIs. Additionally, a comprehensive internship program will provide opportunities in 500 companies, offering allowances and requiring companies to contribute to training costs. The initiatives aim to boost employment and skill levels across sectors.