Finance minister P Chidambaram expects that the National Manufacturing Policy (NMP) and the National Skill Certification and Monetary Reward Scheme of the National Skills Development Corporation would help creating jobs in the country.
With an aim towards creating 100 million jobs over a decade, the Interim Budget proposed to continue to transfer Rs 1,000 crore to NSDC for rapidly scaling its programme.
In his Budget speech, Chidambaram said that the National Skill Certification and Monetary Reward Scheme, launched in August 2013, has witnessed enrolment of 1,68,043 youths with 77,710 completing their training. While 204 job roles were identified, 24 sector skill councils, 442 training partners and 17 assessment agencies had joined the programme.
UPA II has not achieved much in terms of employment generation as the 68th NSSO Survey 2011-12 shows that the overall unemployment rose to 2.7 per cent up from 2.5 per cent in the previous survey.
Urban unemployment, too, rose during the period and the male unemployment in the urban areas rose to 3.2 per cent reflecting on the economic slowdown. The ambitious job target hinges a lot on manufacturing, the “Achilles Heel” of the Indian economy as Chidambaram put it. While the NMP has set a goal of 25 per cent share of manufacturing in the GDP, he expressed concern over “no uptick” being seen in the sector.
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The International Labour Organization (ILO) in a recent report had raised questions about the 17.2 million formal sector jobs between FY10 and FY12. The Geneva-based organisaiton had raised doubts on the quality of jobs created and said that of this, nearly 85 per cent jobs did not offer any employment benefits or social security. “Most of the new jobs created in the organised sector are informal because they do not provide access to employment benefits and social security,” said the report.