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Budget targets to fill the vocational training gap in employees

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New Delhi: Aiming to accelerate India’s economic agenda, the government increased 74% in the budget provision for skill development and entrepreneurship from Rs.1,038 crore ($160 million) for last year to Rs.1,804 crore ($264 million) in 2016-17. 100,000 trainers are needed to execute skill-development programs across the country.

According to India Spend, only 2% ( 9 million ) of workers in India are officially trained in which only 5.5 million enrolls in vocational course per year. Enrollment in China is 90 million and 11.3 million in the United States.

Only 209,000 out of 1.4 million got the job in IT sector in 2015 which is only 17%. Similarly, 33,224 are reported to be hired in the banking sector, government and private banks in 2015.

According to a survey of National Sample Survey Office in 2011-12, around 10.6 million Indians are unemployed, in which 7.8 million are from age group 20-59 years and 474 million are the part-time employees. India needs 23 million jobs annually but only 7 million jobs are produced every year from the last 30 years.

Finance Minister Arun Jaitley, announced his plans during the third budget on February 29, to invest Rs.1,700 crore ($200 million) to open 1,500 multi-skill training institutes across India.

Pradhan Mantri Kaushal Vikas Yojana (PMKVY), Prime Minister’s Skill Development Scheme (launched on July 15, 2015) targets to skill 10 million youth over the next three years, in accumulation to setting up the National Board for Skill Development Certification in partnership with industry and academia. It is a skill certification and reward scheme which is likely to benefit 2.4 million people.

Rs. 1,771 crore had spent last year for PMKVY under the foundation of a separate ministry for skill development and entrepreneurship in which National Skill Development Fund/Corporation (NSDC), aimed to receive the most Rs. 1,350 crore fund from both government and non-government sectors for skill development.

NSDC achieved less than 15 percent of its 3.7 million skill-training targets in the first six months of the current financial year. NSDC had achieved less than 30 percent in terms of training and 10 percent in terms of certification, and a target of 2.4 million, as of February 2016.

According to data verified in Lok Sabha, around 19 million people have been skilled under 40 different skill-development schemes over the last three years and 5.5 million people are presently enrolled in skilling courses, with 231 million Indians aged 15-24 needing to be skilled, reported IndiaSpend.

According to NSDC study, the employment rate is set to increase 461.1 million in 2013 to 581.9 million in 2022, across 24 sectors. The supplementary requirement in many sectors, such as construction, retail, and wellness, is claimed to be 109.7 million by 2022, with the top 10 sectors accounting for 80 percent of the jobs needed.

31.1 million people are required in building construction and real estate sector, followed by logistics, transportation and warehousing (11.7 million) and beauty and wellness (10.1 million). Maharashtra needs 15.5 million more people, Tamil Nadu (13.6 million) and Uttar Pradesh (11 million).

Around 100 ‘’model career centres’’ are planned to set by 2016-17under the National Career Service, an online portal that matches job-seekers with jobs. About 35 million job-seekers have registered since the launch of this portal in July 2015.(IANS)

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All You Need To Know About India’s Strategic Chabahar Port

The Chabahar Port is a seaport in Chabahar, which is on the Gulf of Oman, near Iran-Pakistan border.

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Chabahar Port is of great international significance in terms of trade, especially for India. Wikimedia Commons
Chabahar Port is of great international significance in terms of trade, especially for India. Wikimedia Commons

By Ruchika Verma

  • The Chabahar Port is of great strategic importance for India
  • It is in Iran and is being built and operated by India
  • This port will increase India’s trade with Central Asia and Europe

The Chabahar Port is a seaport in Chabahar, which is on the Gulf of Oman, near Iran-Pakistan border. Chabahar is the trans-shipment and logistics hub for the Makran Coast and Baluchistan province of Iran.

Chabahar Port is built and operated by India. Wikimedia Commons
Chabahar Port is built and operated by India. Wikimedia Commons

The tension between India and Pakistan is nothing new. There are several instances where both the countries have tried to obstruct each other’s political or economic agendas. This obstruction, along with other strategic reasons, resulted in the India and Iran’s deal on the Chabahar Port, which is crucial because of several reasons.

Here are few things about it you may not have known before :

  • Under the Trilateral Transit and Transport Agreement of 2016, the Chabahar port is the gateway to the Transport Corridor between India, Iran and Afghanistan, which allows multi-modal goods’ and passengers’ transport.

Also Read: India and Iran sign agreement to develop Chabahar Port

  • The agreement also states that India will develop and operate two berths in the first phase of the port. The contract is for 10 years and extendable. This time period excludes the first two years as they will be used for construction.
Chabahar Port will make India's trade with Afghanistan easier. Wikimedia Commons
Chabahar Port will make India’s trade with Afghanistan easier. Wikimedia Commons
  • The Chabahar Port’s first phase, which was developed by India, and inaugurated by Iran on 4th December 2017, is of great strategic importance as it makes it easier for India to conduct trade with Central Asia and Europe.
  • Iran’s Chabahar port is also important for India’s trade because of Pakistan’s reluctance in allowing India to send goods to Iran and Afghanistan through its land territory.

Also Read: Gwadar Port: China Turning Pakistan Port Into Regional Giant 

  • The development of Chabahar Port will increase the momentum of the International North-South Transport Corridor whose signatories include India, Afghanistan and Russia. Iran is the key gateway in this project. It will improve India’s trade with Central Asia as well as Europe.
    The Chabahar Port has also reduced Afghanistan’s dependence on the transit road, which went through Karachi. Now, trade can be conducted via Chabahar Port too. Islamabad has accused India of trying to use this development as a means to destabilise Pakistan.

    The Chabar Port is the said to be the counter to the Gwadar Port. Wikimedia Commons
    The Chabar Port is the said to be the counter to the Gwadar Port. Wikimedia Commons
  • The Chabahar Port also acts as a counter to the barely 100 km away, Gwadar port in Pakistan, which is developed by China. However, Iran has defended that Chabahar is not a rival to Gwadar and Pakistan is invited to join in its development.
  • In October 2017, India sent its first shipment of wheat to through Chabahar to Afghanistan, in order to test the viability of the route.
  • India will also construct a 900-km Chabahar-Zahedan-hajigak railway line that will connect Port of Chabahar to Hajigak in Afghanistan. It will also connect Mashad in the north, providing access to Turkmenistan as well as northern Afghanistan.This project is worth $1.6 billion.

    India will supply $400 million worth of steel rails to Tehrain. Wikimedia Commons
    India will supply $400 million worth of steel rails to Tehran. Wikimedia Commons
  • It is being said that India will supply $400 million of steel rails to Tehran. There are also possibilities of setting up a fertilizer plant through a joint venture with the Iranian government.