A new chapter in India’s employment story
- Yojana
- 68(9), Sep, 2024: p.21-24
The Finance Minister’s budget speech highlights government priorities focused on strengthening the labour market through employment generation, skilling, and MSME support. A Rs. 2 lakh crore package is introduced to benefit 4.1 crore youth, alongside the launch of the First Timers Scheme to provide financial support for new workers. The revamped National Career Services (NCS2.0) and Shram Suvidha portals aim to bridge gaps between job seekers and employers. Additional schemes target job creation in manufacturing and SME sectors. Collectively, these measures represent a comprehensive approach to addressing labour market challenges and fostering inclusive economic growth.. Speech unveiled the government’s priorities with a focus on employment, skilling, and MSMEs. Key initiatives include a Rs. 2 lakh crore package to benefit 4.1 crore youth and the interlocution of the first timers scheme, offering financial support to new workers. The revamped national, career services (NCS2.0) and Shram Suvidha portals aim to bridge gaps between job seekers and employers, while new schemes will boost job creation in manufacturing and support of SMEs. These measures represent a comprehensive approach to addressing labour market challenges and fostering economic growth. – Reproduced
Labour Market, Employment Generation, Skilling, MSMEs, Youth Support, First Timers Scheme, National Career Services (NCS2.0), Shram Suvidha Portal, Manufacturing Sector, SMEs, Economic Growth