PM Modi launched PM-SETU (Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs), a centrally sponsored scheme with an investment of Rs 60,000 crore
It envisages the upgradation of 1,000 government ITIs in a hub-and-spoke model comprising 200 hub ITIs and 800 spoke ITIs
"Collectively, PM-SETU will redefine India's ITI ecosystem, making it government-owned but industry-managed, with global co-financing support from the World Bank and Asian Development Bank," a PMO statement earlier said
In the first phase of the scheme implementation, there will be a special focus on ITIs in Patna and Darbhanga in Bihar. A special emphasis of the programme will be on transformative projects in Bihar, reflecting the state's rich legacy and youthful demographic, the statement said
PM Modi launched Bihar's revamped 'Mukhyamantri Nishchay Svyam Sahayata Bhatta Yojana', under which nearly five lakh graduates will receive a monthly allowance of Rs 1,000 each for two years, along with free skill training
He also launched the redesigned Bihar Student Credit Card Scheme, which will provide interest-free education loans of up to Rs 4 lakh, significantly easing the financial burden of higher education
More than 3.92 lakh students have already availed loans worth more than Rs 7,880 crore under the scheme
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