According to Sitharaman, the government will... ... Union Budget 2024 Live Update

According to Sitharaman, the government will provide funding for loans of up to Rs 10 lakh for higher education at domestic universities. This assistance will be offered in the form of e-vouchers, which will be immediately distributed to one lakh students each year, along with a three percent interest subvention of the loan amount. The finance minister also presented a number of ideas for the field of skill development. These include updating the model skill loan program, matching course content to industry skill requirements, and modernizing 1,000 Industrial Training Institutes (ITIs) using the hub and spoke architecture.

The government's dedication to empowering the youth and improving their skills for improved employment chances is demonstrated by the allocation of Rs 1.48 lakh crore for education, employment, and skilling projects throughout the country in the Union Budget for 2024–2025.