Brief by Shorts91 Newsdesk / 08:00am on 23 Jul 2024,Tuesday India
In a bid to boost employment, Finance Minister Nirmala Sitharaman announced a new scheme in the 2024 Budget. The government will contribute one-month's salary to the Provident Fund of all new employees across sectors. This move aims to benefit 210 lakh youths entering the workforce. The initiative comes after the BJP faced discontent over job opportunities in the general elections. The government hopes to address employment concerns with this scheme, providing financial support to new entrants in the job market. The move is expected to have a positive impact on youth employment.
