In a significant development pertaining to youth progress, Prime Minister Narendra Modi is set to introduce a series of initiatives focused on young individuals, with a cumulative investment exceeding Rs. 62,000 crore.

This event will take place at 11 AM in Vigyan Bhawan, New Delhi today. These initiatives aim to provide a substantial enhancement to education, skill development, and entrepreneurship across the nation.

The programme will also feature the Kaushal Deekshant Samaroh, the fourth edition of the National Skill Convocation, organised in accordance with the Prime Minister's vision, where 46 All India Toppers from Industrial Training Institutes under the Ministry of Skill Development and Entrepreneurship will be felicitated, as stated in the release.

According to the release, the Prime Minister will launch PM-SETU (Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs), a centrally sponsored scheme with an investment of Rs. 60,000 crore. The scheme envisages the upgradation of 1,000 government ITIs across the country in a hub-and-spoke model comprising 200 hub ITIs and 800 spoke ITIs.

Each hub will be connected to four spokes on average, creating clusters equipped with advanced infrastructure, modern trades, digital learning systems and incubation facilities. Anchor Industry Partners will manage these clusters, ensuring outcome-based skilling aligned with market demand. Hubs will also house innovation centres, training-of-trainers' facilities, production units and placement services, while spokes will focus on expanding access.

Collectively, PM-SETU will redefine India's ITI ecosystem, The making it government-owned but industry-managed, with global co-financing support from the World Bank and Asian Development Bank. In the first phase of the scheme implementation, there will be special focus on ITIs in Patna and Darbhanga.