Unleashing Potential: Budget 2023 Highlights for Youth and Digital India
From education budget to skill centres to AI labs
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Personal Finance
- sw
- 03 min read
#Union budget

Union Finance Minister Nirmala Sitharaman presented the Union Budget 2023 on Wednesday (Feb 1, 2023). It certainly had some noteworthy points that are of particular interest to college students and the youth of India. With a focus on skill development, employment opportunities, and digitalization, this budget has the potential to greatly benefit the country's young population and drive India towards a brighter future.

The following highlights some of the key areas where the youth and digital India stand to gain from the Union Budget of 2023:

1. Highest ever education budget of ₹1.12 lakh crore

This budget saw a record figure of 1.12 lakh crore, the highest ever allocation for education. This allocation will be used to improve the quality of education, increase access to education and promote innovation in the field

2. National digital library for kids and teens This digital library will be available in regional languages, making it accessible to a wider audience. The aim of the library is to promote digital literacy and encourage a love for learning among the younger generation.

3. 38,000 teacher hirings for 3.5 lakh tribal schools

38,800 teachers and support staff to be hired for 740 Eklavya Model Residential Schools over next 3 years to enhance education in tribal areas.

4. Unified digital platform for skill centers

A unified Skill India platform to link job-seekers with employers, and set up 30 Skill Indian International Centers. A direct benefit transfer under a national apprenticeship scheme will support 47 lakh youths with stipends

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5. Agri-Startup Accelerator to be set up

The Agriculture Accelerator Fund to boost agri-startups by young entrepreneurs, with focus on innovative, affordable solutions for farmer's challenges.

6. Integrated online upskilling platform

An integrated online platform is being proposed under Mission Karma Yogi for upskilling government employees. It aims to provide learning opportunities for employees to improve their skills and enhance their careers.

7. AI Research Labs & Centres of excellence

There has been a big step in the world of AI with the announcement of three top educational institutions establishing Centres of Excellence for AI. These centers aim to bring the vision of "Make AI in India, Make AI Work for India" to life.

8. Kaushal Vikas Yojan 4.0

This initiative aims to help young people improve their skills by offering training and certification programs in areas like AI, IoT, and data analytics.

Budget 2023 for Indian youth


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