Rs.1,000 crore for skill development of youth

Rs.1,000 crore for skill development of youth
New Delhi, Feb 28 (IANS) Finance Minister P. Chidambaram Thursday allocated Rs.1,000 crore to develop job-oriented skills among youth.

"Assuming that 10 lakh (one million) youth can be motivated in one year, skill trained youth will give enormous boost in employment and productivity," Chidambaram said, while presenting the federal 2013-14 budget to the Lok Sabha, the lower house of parliament.

The finance minister allocated Rs.1,000 crore (Rs.10 billion) for the "ambition", saying that it would be a "trigger for skill development in the country".

Read more about: union budget 2013
Story first published: Thursday, February 28, 2013, 13:10 [IST]
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