Rs 1 L/yr to poor families, student loan waivers, job creation — economic points in Congress manifesto

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Key Points

New Delhi: The Congress has laid out a Nav Sankalp Economic Policy in its election manifesto for the 2024 general elections in which it has set a target of doubling Indias gross domestic product (GDP) in 10 years...

The manifesto, released Friday, outlines steps to increase employment, boost the share of the manufacturing sector in GDP, and rationalise Indias direct and indirect tax regimes...

Some of the promises include a Right to Apprenticeship Act that would guarantee a one-year apprenticeship that would pay Rs 1 lakh, a waiver of education loans, and a transfer of Rs 1 lakh per year to every poor family...

The Congress said it would create thousands of jobs and outlined several steps to achieve this, including a guaranteed urban jobs programme, filling vacancies in central government posts, and introducing tax incentives to the private sector to create employment...

The apprenticeship will impart skills, enhance employability and provide full-time job opportunities for millions of youth, the manifesto said.. Due to widespread unemployment, as a one-time measure of relief, the amount due including unpaid interest as on 15 March 2024 in respect of all student educational loans will be written off and the banks will be compensated by the government, the Congress said...

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