The United Nation Development Programme (UNDP) has warned that India should generate 28 crore Jobs before 2050 to provide jobs to all the new members who are joining the workforce.
- Half of the population of the country is below 25 years and more than one crore turning 18 every year, in this situation India need to create 80-90 Lakh jobs annually to deploy the new entrants joining the workforce. Improving the employability and generating the employment is the main concern of the Government. Government launched various incentive schemes to generate the employment which includes the following –
- Employment Generation Programme run by Ministry of Micro, Small & Medium Enterprises,
- Mahatma Gandhi National Rural Employment Guarantee Scheme,
- Pt. Deen Dayal Upadhyaya Grameen Kaushalya Yojana scheme run by Ministry of Rural
- Development Deendayal Antyodaya Yojana – National Urban Livelihoods.
- Government Incentive Schemes to the goods/service exporters.
Pradhan Mantri Mudra Yojana:-
The Government introduced PMMY for facilitating self employment. Under this scheme small and micro enterprises and Individuals can get the loan up to Rs 10 Lakhs to set up and expand their businesses. Under this scheme 15.59 crore loans have been sanctioned till 25th January 2019.
Pradhan Mantri Rajgar Protsahan Yojana :-
Ministry of labour and employment has launched PMRPY in the year 2016-17 for incentivizing employers for employment generation. Under this scheme Government is paying all the contribution towards the EPS and EPF for all the sectors.
Skill India Mission:-
Skill development and Entrepreneurship Ministry has implemented the flagship called as Pradhan Mantri Kaushal Vikas Yojana to provide skilling to one crore people under short term training , Recognition of prior learning, Special projects across the country for 4 years, under this scheme training is given to the candidates to increase the employability.
This scheme was introduced to uplift urban poor citizens through skill development by keeping in mind the objective of Make in India, skill development is essential for socio economic betterment.
This scheme was launched in 2006 under UPA government which aims to provide 100 days of employment to every rural house hold in a financial year.
Government Promotion Schemes for the exports:-
Exports are considered as initiator of economic growth and have great importance in employment generation in country.
Government launched various export promotion schemes to promote the export of goods and services under foreign trade policies.
Objective of Export Promotion Schemes:-
- Make the goods and services competitive in Global Market of notified goods and services,
- To generate the employment.
MEIS Scheme & SEIS Scheme was launched under Foreign trade policy 2015-20 to provide the incentives on the eligible exports earning in the saleable duty credit scrips.
Under MEIS Scheme goods exporters can avail the benefits of 2%-7% of the FOB value of exports on notified goods for the export. The Service exports from India scheme was(SEIS Scheme) launched to encourage the exports of notified services from India. Under SEIS Scheme service exporters can claim the benefits of 5% to 7% on the net foreign exchange earned on notified services.
Both schemes were launched to promote the exports which results in employment generation in the country.