Prime Minister Narendra Modi is set to launch a new initiative that will provide a ₹1,000 monthly allowance to nearly 5 lakh graduates across the country, along with the inauguration of a Skill University in Bihar. The programme, part of a larger youth empowerment and skilling push, is aimed at supporting fresh graduates during their early career transition while also expanding opportunities in skill-based education. The Skill University in Bihar will serve as a hub for vocational training and advanced skill development courses, connecting students to industry needs and employment opportunities.
I am writing about this because such schemes represent more than financial aid—they show how policy can directly impact youth who often face the toughest phase after graduation: finding meaningful work. For many families, a monthly allowance of ₹1,000 may help cover job search costs, coaching fees, or daily expenses, giving graduates breathing space as they prepare for employment.
The Skill University in Bihar is equally significant, as it highlights the government’s recognition that traditional degrees must be backed by practical skills. Together, these measures reflect a shift towards combining education, financial support, and employability training—a model that could make a real difference in bridging the gap between learning and livelihood.
Key Features of the Monthly Allowance Scheme
- Around 5 lakh graduates across India to benefit
- Each eligible candidate will receive ₹1,000 per month for a fixed duration
- Support aimed at easing the transition from education to employment
- Scheme expected to be monitored to ensure fair distribution and transparency
Bihar Skill University: A Major Step Forward
- The university will focus on skill-based courses in sectors like IT, manufacturing, healthcare, and green energy
- It will collaborate with industries and training centres to provide hands-on learning
- Expected to create a pipeline of employable graduates for both national and global job markets
- Will open opportunities for Tier 2 and Tier 3 cities, giving local youth better access to training
Why This Initiative Matters
India produces millions of graduates every year, but many struggle to secure stable jobs immediately after completing their studies. The allowance scheme provides short-term financial relief, while the skill university ensures long-term employability. This two-pronged approach acknowledges the real challenges of youth unemployment while offering a sustainable solution.
Reactions and Expectations
Policy experts believe that while the allowance is a helpful step, its true success will depend on proper implementation and timely delivery. The Skill University, on the other hand, has been widely welcomed as it addresses the demand-supply mismatch in the job market. Students and parents in Bihar have expressed optimism that the state could emerge as a major hub for skill-based learning.
