00:00workforce in all formal sectors.
00:07Direct benefit transfer of one month's salary in three installments to first-time employees,
00:16as registered in the EPFO, will be up to 15,000 rupees.
00:22The eligibility limit will be a salary of one lakh per month.
00:28The scheme is expected to benefit 210 lakh youths.
00:40Scheme B, job creation in manufacturing.
00:45This scheme will incentivize additional employment in the manufacturing sector linked to the
00:52employment of first-time employees.
00:56An incentive will be provided at specified scale directly both to the employee and the
01:03employer with respect to the EPFO contribution in the first four years of employment.
01:11The scheme is expected to benefit 30 lakh youths entering employment and their employers.
01:25Scheme C, support to employers.
01:29This employer-focused scheme will cover additional employment in all sectors.
01:36All additional employment within a salary of one lakh rupee per month will be counted.
01:44The government will reimburse to employers up to 3,000 rupees per month for two years
01:51towards the EPFO contribution for each additional employee.
01:57The scheme is expected to incentivize additional employment of 50 lakh persons.
02:13Participation of women in the workforce.
02:14We will facilitate higher participation of women in the workforce through setting up
02:21of working women hostels in collaboration with industry and establishing creches.
02:29In addition, the partnership will seek to organize women-specific skilling programs
02:35and promotion of market access for women SHG enterprises.
02:44I am happy to announce a new centrally sponsored scheme as the fourth scheme under the Prime
02:54Minister's package for skilling in collaboration with state governments and industry.
03:0020 lakh youth will be skilled over a five-year period.
03:091,000 industrial training institutes will be upgraded in hub-and-spoke arrangements
03:20with outcome orientation.
03:23Course content and design will be aligned to the skill needs of industry and new courses
03:30will be introduced for emerging needs.
03:33Don't miss out.
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