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Which of the following statements with regard to the Pradhan Mantri Yuva Yojana is/are correct ?
1. This is a scheme on entrepreneurship education and training.
2. The scheme spans over a period of five years (2016-17 to 2020-21) with a project cost of around ₹ 500 crore.
Select the correct answer using the code given below :
Explanation
Both statements are correct. The Pradhan Mantri Yuva Yojana (PM-YUVA) was launched by the Ministry of Skill Development and Entrepreneurship (MSDE) in November 2016. It is a centrally sponsored scheme focused on entrepreneurship education and training. The primary objective is to create an enabling ecosystem for entrepreneurship development through education, advocacy, and easy access to support networks for young entrepreneurs. The scheme was designed to span over a period of five years (2016-17 to 2020-21) with a total project outlay of approximately ₹499.94 crore (around ₹500 crore). It aimed to provide entrepreneurship education and training to over 7 lakh students through various institutes like higher education institutions, schools, and Entrepreneurship Development Centres.