The authorities’s numerous schemes and programmes meant for employment technology have befitted over 57 lakh youth since 2015-16, in line with a written reply to questions by MPs tabled in Parliament. These embrace schemes designed to advertise employment, together with self-employment and skilling.
Besides, over 25.32 crore loans amounting to Rs 12.91 lakh crore have been prolonged underneath the Pradhan Mantri Mudra Yojana (PMMY) because the inception of the scheme. Under PMMY collateral-free loans as much as Rs 10 lakh are given to micro or small enterprise enterprises and to people to allow them to arrange or broaden their enterprise actions.
Also, 1.21 crore formal sector workers have benefited from the Pradhan Mantri Rojgar Protsahan Yojana (PMRPY), a scheme launched in 2016 to incentivise new employment with social safety advantages. Under the scheme, the Centre pays an employer’s full 12% contribution in direction of Employees’ Provident Fund (EPF) and Employees’ Pension Scheme (EPS) each for a interval of three years to the brand new workers by way of EPFO. The three-year scheme was launched in April 2018.
In addition, the agricultural employment assure scheme, MGNREGA, has generated 1,199 crore individual days of labor since 2016-17, Parliament was knowledgeable on Wednesday.
According to a written reply submitted to the Rajya Sabha by the labour ministry, the Prime Minister’s Employment Generation Programme (PMEGP), a credit-linked subsidy programme geared toward producing self-employment alternatives by way of institution of micro-enterprises within the non-farm sector, for conventional artisans and rural or city unemployed youth have generated employment to an estimated 20,25,728.
Similarly, Pt Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY), a placement-based talent growth programme for wage employment, has generated 5,34,278 employments between 2015-16 and August 2020. The ministry mentioned a complete of 15,93,109 candidates had been “settled” underneath the talent growth programme by way of Rural Self Employment and Training Institutes (RSETI) which permits a trainee to take financial institution credit score and begin her/his personal enterprise.
Under the Deendayal Antodaya Yojana-National Urban Livelihoods Mission (DAY-NULM), having elements of employment by way of talent coaching & placement and help for people, teams and self-help teams(SHGs) of city poor for organising gainful self-employment ventures or micro enterprises, a complete of 15,64,886 individuals have obtained employment since 2015-16.
Stating that employment technology coupled with enhancing employability is the precedence of the federal government, labour minister Santosh Gangwar mentioned the federal government has taken numerous steps for producing employment within the nation like encouraging non-public sector of economic system, fast-tracking numerous tasks involving substantial funding and rising public expenditure on these schemes geared toward producing employment and self employment aside from enhancing employability.
“The global spread of Covid followed by lockdowns have affected economies across the globe, including India. Covid-19 has resulted in large number of migrant workers going back to their native places. The government has taken initiatives for creating jobs at local levels & supporting migrant workers through Pradhan Mantri Garib Kalyan Yojana (PMGKY), Aatmanirbhar Bharat & Pradhan Mantri Garib Kalyan Rozgar Abhayan (PMGKRA),” he mentioned.