Budget 2025 for Jobs
What's the wishlist for Jobs from the upcoming full Budget for 2025-2026. The Budget will be tabled on February 1 and is likely to focus on boosting consumption and capex. On Financial Express Read More.., we offer you a detailed list of expectation and announcements for Jobs on its dedicated page Who Got What. Navigate through all the declarations at a glance from the current and past Union Budgets on this page.
Budget 2025-26 Announcements for Jobs
Jobs
- India has allocated ₹860 billion ($9.94 billion) for its flagship rural employment guarantee program in the upcoming financial year.
- The government’s push for startups gets a major boost with enhanced credit guarantees and a new Rs 10,000 crore Fund of Funds, aiming to drive innovation and entrepreneurship.
- Raising the FDI limit in the insurance sector to 100% is a crucial move for employment growth, attracting global insurers and fostering competition.
- FDI limit hike is expected to spur hiring across underwriting, sales, actuarial, and customer service roles.
- With India’s insurance penetration at just 4%, greater foreign investment will not only expand market access but also create thousands of new jobs.
- Budget 2025 prioritises job creation, with potential to generate 30-40 lakh jobs across sectors, supported by EPFO incentives and skill development programs targeting 30 lakh youth.
Who Got What
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sectors
Budget Announcements for Jobs in FY2025
Jobs
- Big announcement for first time job seekers in the formal sector.
- Those starting a job for the first time will get one month's salary.
- Maximum salary amount is Rs 15 thousand in three installments through direct benefit transfer.
- The eligibility limit will be Rs 1 lakh per month. 2.10 crore youth benefited.
- The government will pay one month's PF for 30 lakh youth who have their first job.
- Up to 300 units of free electricity every month to 1 crore families under PM Suryaghar Yojana.
Budget Announcements for Jobs in FY2024
Jobs
- Push in tourism sector to create more jobs for the youth, in particular.
- The green growth efforts will provide large-scale green job opportunities.
- Investments in Infrastructure and productive capacity will have a multiplier effect on jobs.
- 100 labs for developing apps using 5G services to be set up in engineering institutions to realise employment potential.
Budget Announcements for Jobs in FY2023
Jobs
- DESH Stack e-portal is set to launch, enabling citizens to acquire skills, credentials, and access relevant job opportunities within the digital ecosystem for skilling and livelihood.
Budget Announcements for Jobs in FY2022
Jobs
- Proposed amendment to Apprenticeship Act to enhance youth opportunities.
- Allocation of Rs. 3000 crore to realign the National Apprenticeship Training Scheme (NATS) towards post-education apprenticeship, training graduates and diploma holders in Engineering.
- UAE collaboration for standardized skill qualifications, assessment, certification, and deployment of certified workforce.
- Collaboration with Japan for a Training Inter Training Programme (TITP) aiming to transfer skills, techniques, and knowledge.
Budget Announcements for Jobs in FY2021
Jobs
- Establishment of an independent National Recruitment Agency (NRA) to conduct a computer-based online Common Eligibility Test for recruitment purposes.
- Proposal to set up test centers in every district, especially focusing on Aspirational Districts.
Budget Announcements for Jobs in FY2020
Jobs
- Implemented 10% reservation for economically disadvantaged individuals in educational institutions and government jobs.
- Solar generation capacity has increased over tenfold in the last five years, generating numerous new-age jobs.
- Make in India initiative led to a substantial rise in mobile and parts manufacturing companies, growing from 2 to over 268, offering significant employment opportunities.
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