PM Modi to launch monthly allowance, loans for Bihar youth as part of Rs 62,000 crore skill, education push

Prime Minister Narendra Modi will launch multiple youth-focused programmes worth more than Rs 62,000 crore on October 4 at Vigyan Bhawan in New Delhi. These include a nationwide skilling scheme, new academic facilities and initiatives in Bihar.

The timing of these announcements comes months before the Bihar assembly elections , making the youth-oriented measures politically significant. “A special emphasis of the programme will be on transformative projects in Bihar, reflecting the state’s rich legacy and youthful demographic,” the press release said.

As per the official press release, in Bihar, the Prime Minister will launch the revamped Mukhyamantri Nishchay Svyam Sahayata Bhatta Yojana, under which five lakh graduates will get Rs 1,000 per month for two years along with free skill training. He will also announce the redesigned Bihar Student Credit Card Scheme , offering interest-free loans up to Rs 4 lakh for higher education.

“More than 3.92 lakh students have already availed loans worth more than Rs 7,880 crore under the scheme. Further strengthening youth empowerment in the state, Bihar Yuva Ayog, a statutory commission for people between the ages of 18 and 45, will be formally inaugurated by the Prime Minister to channelise and harness the energies of the state’s young population,” the official press release said.

Projects to benefit 27,000 Bihar students

The Prime Minister will also inaugurate the Jan Nayak Karpoori Thakur Skill University to strengthen industry-linked vocational education in the state.

As per the official press release, the PM will also lay the foundation stone for new academic and research facilities in Patna University, Bhupendra Narayan Mandal University (Madhepura), Jai Prakash Vishwavidyalaya (Chapra) and Nalanda Open University (Patna) under the Pradhan Mantri Uchchatar Shiksha Abhiyan (PM-USHA) scheme.

Together, these projects of Rs 160 crore will benefit around 27,000 students by enabling modern academic infrastructure, advanced laboratories, hostels and multidisciplinary learning.

Also read PM Modi launches Rs 7,500-crore Bihar Mahila Rojgar Yojana; 75 lakh women to get Rs 10,000 each

PM to dedicate NIT Patna Bihta campus

The new Bihta campus of the National Institute of Technology (NIT) Patna will also be dedicated. With a capacity to accommodate 6,500 students, the campus includes facilities such as a 5G use-case lab, a Regional Academic Centre for Space in collaboration with ISRO, and an incubation centre that has already supported start-ups.

Along with these, the Prime Minister will distribute appointment letters to over 4,000 newly recruited candidates in the Bihar government and release Rs 450 crore in scholarships via DBT for 25 lakh students of Class 9 and 10 under the Mukhyamantri Balak/Balika Scholarship Scheme.

PM to felicitate ITI toppers nationwide

The programme will also include the fourth edition of Kaushal Deekshant Samaroh, where 46 All India Toppers from Industrial Training Institutes (ITIs) will be felicitated.

The Prime Minister will launch Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs (PM-SETU), a scheme with an investment of Rs 60,000 crore to upgrade 1,000 Government ITIs nationwide. The scheme will operate under a hub-and-spoke model with 200 hub ITIs connected to 800 spoke ITIs.

Prime Minister will also inaugurate 1,200 vocational skill labs in 400 Navodaya Vidyalayas and 200 Eklavya Model Residential Schools across 34 States and Union Territories.

The labs will provide training in 12 sectors including IT, automotive, agriculture, electronics, logistics, and tourism. The project includes training for 1,200 vocational teachers and aligns with the National Education Policy 2020 and Central Board of Secondary Education (CBSE) curriculum.