Pune: In a significant move to boost skill development and entrepreneurship in Maharashtra, the state government has approved the release and expenditure of ₹75 crore under the Pramod Mahajan Skill Development and Entrepreneurship Campaign.
This initiative, which functions under the Department of Skill, Employment, Entrepreneurship, and Innovation, aims to enhance the employability and entrepreneurial capabilities of individuals across the state.
For the financial year 2024-25, the government had allocated ₹250 crore for skill development and entrepreneurship programs.
The Maharashtra State Skill Development Society (MSSDS) had requested approval for disbursing ₹150 crore in two phases. The government has now given its nod for the first phase, approving ₹75 crore for immediate disbursement and expenditure.
The funds will be used for various initiatives aimed at providing skill training, enhancing employment opportunities, and promoting entrepreneurial ventures.
The move is expected to benefit thousands of individuals, helping them acquire new skills or upgrade existing ones, thus fostering a culture of innovation and self-employment.
The Maharashtra government has instructed the Commissioner of Skill Development, Employment, and Entrepreneurship to ensure the funds are disbursed from the state treasury. The funds will be made available to the Chief Executive Officer of the Maharashtra State Skill Development Society, who will oversee their allocation and use for skill development projects.
This financial boost comes at a critical time when the state is focusing on expanding opportunities in employment and entrepreneurship, particularly for youth and small business owners.
The campaign is expected to provide a much-needed platform for individuals to gain access to training programs, technical education, and business development resources.
The funds will support various ongoing and upcoming initiatives under the Pramod Mahajan Campaign, with a focus on job creation, upskilling, and encouraging entrepreneurial innovation.
This investment is part of the state’s broader strategy to tackle unemployment and stimulate economic growth through skill enhancement and self-reliance.