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Jaitley allocates over Rs.2,000 crore for higher education and skill development

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Jaitley , skill development, higher education

New Delhi: Finance Minister Arun Jaitley on Monday announced the setting up of a higher education financing agency with an initial budget of Rs.1,000 crore.

Presenting the union budget for 2016-17 in the Lok Sabha, he also allocated Rs.1,700 crore for setting up skill development institutes across the country.

“We have decided to set up a higher education financing agency with an initial capital base of Rs.1,000 crore. The agency will be a non-profit organisation that will leverage funds from the market and supplement them with donations and CSR (corporate social responsibility) funds,” Jaitley said.

The minister said 62 new Navodaya Vidyalayas will be opened over the next two years in the districts where they don’t currently exist.

One crore youths would be trained under the government’s skill development programme in the next three years, he said.

“We have decided to set up 1,500 multi-skill training institutes across the country. I am settling aside an amount of Rs.1,700 crore for these initiatives,” he said.

He also said that a National Board for Skill Development Certification in partnership with the industry and academia will be set up.

“We propose to further scale up Pradhan Mantri Kaushal Vikas Yojna to skill one crore youth over the next three years,” he added.

To encourage entreprenuership, Jaitley said: “2200 colleges, 300 schools, 500 government Industrial Training Institutes (ITIs) and 50 vocational training centres through massive open online courses (MOOCs) will be set up for entreprenuership, education and training”.

To give a leg-up to the youth entering the job market, the finance minister announced that the government will pay the employee pension scheme contribution of 8.33 percent for the first three years of their employment.

“We propose to make 100 model career centres operational by the end of 2016-2017. And to inter-link state employment exchanges with the National Career Service platform,” he said.

Jaitley also said that more jobs could be created in the retail sector, if the regulations were simplified.

“If shopping malls are kept open all seven days of the week, why not the small and medium shops?,” he said.

“These shops should be given the choice to remain open on all seven days of the week on voluntary basis,” he added.

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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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