Since 2014, three Central schemes have generated 2.7 million jobs

Since 2014, three Central schemes have generated 2.7 million jobs

News:

Employment generation programmes of Government have generated 27 lakh employment opportunities in the last four-and-a-half years in India

Important Facts:

• Three flagship employment generation programmes the Prime Minister’s Employment Generation Programme (PMEGP), Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY), and Deen Dayal Antodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) has generated about 2.7 million job in India since 2014
• Among the three schemes, the PMEGP has created 65 per cent of the employment opportunities.
• According to Ministry of Labour and Employment data, 4-7 lakh jobs were generated every year through these three schemes.
• The programme generated the highest employment in 2016-17 (4.8 lakh), but since then the number of employment opportunities under it has declined.

About Prime Minister’s Employment Generation Programme (PMEGP)

• The Ministry of Micro, Small and Medium Enterprises (MSME) is implementing the PMEGP, which is a major credit-linked subsidy programme.
• It is aimed at generating self-employment opportunities through the establishment of micro-enterprises in the non-farm sector by helping traditional artisans and unemployed youth.
• Under this programme, general category beneficiaries can avail themselves of margin money subsidy of 25 per cent of the project cost in rural areas and 15 per cent in urban areas.

Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY)

• DDU-GKY is another flagship placement linked skill-training programme under the Ministry of Rural Development (MoRD). Its mission is to ensure rural poor youth are skilled in market relevant trades and job-relevant competencies
• It focusses on rural youth between the ages of 15 and 35 years from poor families.
• This year, the scheme has shown a rise in the number of candidates placed in jobs after training. Over 4.83 lakh rural youths have had placements under this scheme till date.

DAY-NULM

• DAY-NULM was launched with the aim of reducing poverty and vulnerability of urban poor households by enabling them to access gainful self-employment and skilled wage employment opportunities.
• DAY-NULM is being implemented by the Ministry of Housing and Urban Poverty Alleviation.

Additional Facts:

Scheme for Incentivizing employers

• The Ministry of Labour and Employment has also launched the Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) to incentivize employers to promote employment generation.
• Under this scheme, the government pays the entire employer contribution (12 per cent or as admissible) towards EPF and EPS for all eligible new employees for all sectors for three years.