- Amid rising unemployment and job and wage losses, the first Budget of the new government prioritises employment and skilling.
- The Union Budget proposes five schemes with an outlay of ₹2 lakh crore to generate jobs for the youth.
- Union Finance Minister announced three “employment-linked incentive” schemes under the Prime Minister’s package, focusing on EPFO enrolment, first-time employees, and support to employees and employers.
Dig Deeper: Read about EPFO and the formalisation of the workforce.
