Package of PM’s five schemes for Employment and Skilling

·  Prime Minister’s Package of 5 Schemes and Initiatives for employment, skilling and other opportunities for 4.1 crore youth over a 5-year period.

1.     Scheme A - First Timers: One-month salary of up to `15,000 to be provided in 3 installments to first-time employees, as registered in the EPFO.

2.     Scheme B - Job Creation in manufacturing: Incentive to be provided at specified scale directly, both employee and employer, with respect to their EPFO contribution in the first 4 years of employment.

3.     Scheme C - Support to employers: Government to reimburse up to `3,000 per month for 2 years towards EPFO contribution of employers, for each additional employee.

4.     New centrally sponsored scheme for Skilling

§  20 lakh youth to be skilled over a 5-year period.

§  1,000 Industrial Training Institutes to be upgraded in hub and spoke arrangements.

5.     New Scheme for Internship in  500 Top Companies  to 1 crore youth in 5 years