Need for speed: Finance minister deploys Rs 2 lakh crore plans to employ, skill 4 crore

In a clear recognition of the challenge of unemployment in a country with the world's largest young population, govt unveiled for four crore youths a Rs 2 lakh crore mega package of five schemes spread over a 5-year period to boost jobs, skilling and other opportunities. Three new schemes under the PM's package will incentivise first-time employees, providing one-month wage to new entrants in the workforce in all formal sectors, and also support employers.

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