National news: Low employment rate in the country, employment opportunities will increase

Delhi. The Government of India has announced the Self-reliant India Package to encourage business and mitigate the adverse impact of Covid 19. Under this package, the government has provided a financial stimulus of more than Rs 27 lakh crore. This package includes various long-term schemes/programmes/policies to make the country self-reliant and create employment opportunities.

Atmanirbhar Bharat Rozgar Yojana (ABRY) was launched from October 1, 2020 to incentivize employers to create new employment and restore employment lost during the COVID-19 pandemic. The last date for registration of beneficiaries was 31.03.2022. From the beginning of the scheme till 19.01.2024, benefits have been provided to 60.49 lakh beneficiaries under the scheme. The Government is implementing the Prime Minister Street Vendors Atmanirbhar Nidhi (PM SVANidhi Yojana) from June 01, 2020 to provide collateral free funds to street vendors to restart their businesses which were adversely impacted during the Covid-19 pandemic. Providing working capital loan facility. Till 31.01.2024, 83.67 lakh loans have been sanctioned under the scheme.

Pradhan Mantri Mudra Yojana (PMMY) was launched by the government to facilitate self-employment. Under PMMY, collateral free loans up to Rs 10 lakh are given to micro/small business enterprises and individuals to enable them to set up or expand their business activities. Till 26.01.2024, 46.16 crore loans were sanctioned under the scheme.

The Production Linked Incentive (PLI) scheme is being implemented by the government with an outlay of Rs 1.97 lakh crore for a period of 5 years starting from 2021-22, which has the potential to create 60 lakh new jobs.

PM Gatishakti is a transformative approach to economic growth and sustainable development. This approach is driven by seven engines namely, roads, railways, airports, ports, mass transport, waterways and logistics infrastructure. This vision is driven by clean energy and everyone’s efforts, creating huge job and entrepreneurial opportunities.

Government of India is promoting various projects with substantial investment and public expenditure like Prime Minister’s Employment Generation Program (PMEGP), Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) and Deen Dayal Antodaya Yojana, National Urban Livelihood Mission (DAY-NULM) for employment generation. Still working. The government is implementing a program to provide skills to rural youth for entrepreneurship development through Rural Self-Employment and Training Institutes (RSETIs).

Additionally, the Ministry of Skill Development and Entrepreneurship (MSDE) is implementing National Apprenticeship Promotion Scheme (NAPS), Pradhan Mantri Kaushal Vikas Yojana (PMKVY), Jan Shikshan Sansthan (JSS) Scheme to enhance employability of youth through Industrial Training Institutes (ITIs). and implementing the Craftsman Training Scheme (CTS).

Apart from these initiatives, various flagship programs of the government like Make in India, Start-up India, Stand-up India, Digital India, Housing for All etc. are also oriented towards generating employment opportunities.