UP Approves New Universities, Jobs

• 03 Oct 2024

Why in News?

Recently, the Uttar Pradesh government has approved key policies and initiatives to enhance education quality and employment opportunities.

Key Points

• Policy Approval:
  • The 'Uttar Pradesh Higher Education Promotion Policy, 2024' was approved by the cabinet to improve education quality and boost employment.
  • Includes provisions such as:
    • Stamp duty exemptions.
    • Capital subsidies.
    • Special incentives for sponsoring bodies.
    • Additional benefits for top 50-ranked universities.
• Establishment of New Private Universities:
  • Two new private universities approved:
    • KD University to be established by Rajiv Memorial Academic Welfare Society in Mathura.
    • Vidya University to be set up by Vidya Bal Mandali in Meerut on a 42.755-acre campus.
• Impact on Higher Education:
  • Aims to enhance private investment to meet increasing demand for local higher education.
  • Provides access to high-quality education within Uttar Pradesh.
  • Expected to create both direct and indirect job opportunities for the youth.
• Self-Employment Scheme:
  • New scheme introduced to promote self-employment:
    • Subsidies on loans up to Rs 5 lakh for projects in microenterprises and the service sector.
    • Aim to set up 10 lakh micro units in 10 years.
    • Support for 1 lakh educated and trained youth annually.
  • Eligibility and Focus:
    • Applicants must have at least an eighth-grade education.
    • Priority for those with intermediate-level education.
    • Scheme aims to boost employment in rural and urban areas.