Discuss the measures of Government for reduction of unemployment in India.
September 18, 2023 September 18, 2023
The Government of India has implemented various measures and policies to address the issue of unemployment in the country. Unemployment remains a significant challenge, and the government has adopted a multi-pronged approach to tackle the problem. Here are some of the key measures:
Skill Development Programs:
The government has launched several skill development initiatives like the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) to provide vocational training and enhance the employability of youth.
Skill development programs aim to bridge the gap between the skills possessed by job seekers and the skills demanded by the job market.
MGNREGA (Mahatma Gandhi National Rural Employment Guarantee Act):
MGNREGA is a flagship rural employment program that guarantees 100 days of wage employment in a financial year to every rural household.
It serves as a safety net during lean agricultural seasons and provides wage employment opportunities to the rural population.
Start-up India and Stand-up India:
These initiatives promote entrepreneurship and self-employment. Start-up India focuses on supporting new business ventures, while Stand-up India targets financing for Scheduled Caste (SC) and Scheduled Tribe (ST) entrepreneurs.
Pradhan Mantri Rozgar Protsahan Yojana (PMRPY):
This scheme incentivizes employers to create new employment opportunities by contributing to the Employee Provident Fund (EPF) and Employee Pension Scheme (EPS) for eligible employees.
National Career Service (NCS):
NCS is an online platform that connects job seekers with potential employers and provides career counseling and job matching services.
Entrepreneurship Development Programs:
The government provides training, financial assistance, and support for entrepreneurship development to encourage job creation.
Industrial and Manufacturing Growth:
The “Make in India” initiative and the promotion of manufacturing industries aim to create jobs by boosting industrial growth.
Labour Market Reforms:
Reforming labor laws to make them more flexible and business-friendly is expected to encourage formal job creation.
Promotion of Small and Medium-sized Enterprises (SMEs):
SMEs play a significant role in generating employment. Various schemes and incentives are provided to support their growth.
Investment in infrastructure projects, such as construction, roads, railways, and urban development, generates jobs directly and indirectly.
Government Examinations and Public Sector Jobs:
The government conducts various competitive exams for recruitment into the public sector, including civil services, defense, and public sector banks, providing employment opportunities to thousands of aspirants.
Foreign Direct Investment (FDI):
Encouraging FDI in key sectors can lead to increased economic activity and job creation.
Despite these measures, unemployment remains a complex challenge in India due to factors like population growth, skill gaps, and economic fluctuations. The government continues to adapt its policies and programs to address the evolving employment landscape in the country.