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.
- Two new private universities approved:
- 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.
- New scheme introduced to promote self-employment: