Question

How much fund has been allocated for the skill development in the Union Budget 2020 - 21?
1. 4,000 crores
2. 2,000 crores
3. 1,000 crores
4. 3,000 crores

Answer 1

Correct Answer - Option 4 : 3,000 crores

The Correct Answer is 3,000 crores.

• The path to employment, particularly better-paying jobs, runs through skills training. The equation here is clear - the skilled are more productive, and more should be paid to those who are preferably productive. Vocational training, therefore, has been the focus of the government. 
• This was reinforced again in the 2020 Budget, introduced by Nirmala Sitharaman, the Finance Minister. In 2020-21, the government suggested providing about Rs 99,300 crore for the education sector and about Rs 3,000 crore for the growth of skills.
• The government has established job opportunities in infrastructure building, operation and maintenance.
• The Minister also emphasized the value of apprenticeship programs, which are arguably the best kind of skills to be learned in realistic circumstances.
• Minister of Finance added that the government is proposing to launch a program whereby urban local bodies across India will provide new engineers with internship opportunities for a duration of up to one year.
• Public urban authorities carry out public works and there is an incentive for rookie engineers to brush up their skills.