Priority for GSCC in Financial Assistance for Providing Jobs to Youth
The state government has decided to provide financial assistance to Global Skill Capability Centres (GSCC) to encourage them to offer employment to youth. Under this initiative, the government will reimburse up to ₹60 crore in wages for young professionals employed in these centres. The assistance will be provided based on a wage subsidy model (Pay-as-you-go) for companies providing internships and employment opportunities to local students.
According to the new GSCC Policy 2024, the government will establish GSCCs in various sectors such as electronics, security, data processing, logistics, and warehousing. These centres will work to create job-ready professionals for companies.
Benefits for Companies and Students
Companies that provide internships or recruit students from these centres will be eligible for financial assistance for up to three years. In the first year, companies will receive ₹20,000 per month for each intern or employee hired. The assistance will be reduced gradually over the next two years, ensuring that the companies continue to support job creation.
Additional Support for Students
The new policy also includes provisions for students, ensuring they receive specialized training and access to internships. This will enhance their employability and allow them to gain practical experience while studying. The aim is to bridge the gap between education and industry requirements, making students industry ready.
Enhancing Agriculture and Basic Infrastructure with IFCI Support
State Bureau, Jagran, Lucknow: The Uttar Pradesh government has partnered with the Industrial Finance Corporation of India (IFCI) to improve basic infrastructure and agricultural technology across the state. The focus will be on enhancing logistics and cold storage facilities for agricultural produce, ensuring that farmers get better prices and reduce post-harvest losses.
The partnership with IFCI will facilitate investment opportunities in the state's industrial sector. Plans are in place to develop a food processing and packaging centre, making Uttar Pradesh a leading hub for food exports. Investments in cold chain logistics, warehousing, and food processing are expected to attract ₹10,000 crore.
The state government is setting up specialized centres for value-added agricultural production in cities like Agra, Varanasi, Meerut, and Gorakhpur, ensuring that the agricultural sector sees significant growth. The government’s initiatives will also promote research and development in agriculture, benefiting farmers and increasing their income.
The government is committed to improving the economic landscape of Uttar Pradesh by creating more job opportunities and boosting agricultural production. These initiatives are expected to attract investment, generate employment, and contribute to the overall growth of the state.
