India is a nation characterised by a youthful demographic, whereby more than 60% of its population is below the age of 30. Nevertheless, the nation is confronted with a considerable level of unemployment, particularly among the younger population. As to the data provided by the Centre for Monitoring Indian Economy (CMIE), the unemployment rate in India was recorded as 7.45% in the month of August 2023.
The Indian government has implemented many initiatives aimed at facilitating employment opportunities for jobless youngsters and fostering entrepreneurship among them. These programmes provide monetary aid, educational opportunities, and other resources to facilitate the development of self-sufficiency among young people.
In the year 2023, many prominent government initiatives have been implemented in India to address the issue of unemployment among the young.
The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is a government initiative in India.
The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is a prominent skill development initiative implemented by the government of India. The initiative attempts to provide training to a projected total of more than 10 million individuals in diverse skill sets by the year 2022. The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) provides comprehensive training programmes including a diverse array of skills like as carpentry, masonry, plumbing, electrical work, welding, and information technology. Additionally, the programme offers monetary support to trainees in order to offset the expenditures associated with their training and daily life.
The Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) is a government initiative aimed at providing skill development and employment opportunities to rural youth in India.
The DDU-GKY programme is a rural skill development initiative implemented by the government of India. The objective of the plan is to provide training and employment opportunities to 1.5 million individuals living in rural areas by the year 2022. The DDU-GKY programme offers comprehensive instruction in several fields such as agriculture, horticulture, animal husbandry, and construction. Additionally, the programme offers monetary support to trainees in order to offset the expenditures associated with their training and living arrangements.
The initiative known as “Start-up India”
Start-up India is a prominent initiative implemented by the Indian government with the objective of fostering entrepreneurial activities among the younger generation. The programme offers many advantages to start-up enterprises, including tax incentives, opportunities for financial support, and guidance from experienced mentors. Since its inception in 2016, the Start-up India initiative has played a pivotal role in fostering job creation, with a notable impact of generating more than 5 million employment opportunities.
The “Make in India” initiative is a government-led campaign aimed at promoting and encouraging domestic manufacturing and production inside India.
The “Make in India” initiative is a prominent programme implemented by the Indian government with the objective of fostering domestic manufacturing inside the nation. The programme offers several incentives to manufacturers, such as tax exemptions, land availability, and infrastructural assistance. The Make in India initiative has played a significant role in generating a substantial number of employment opportunities within the manufacturing industry.
The National Career Service (NCS) is a government initiative aimed at providing career-related services and support to individuals in the country.
The NCS site serves as a comprehensive platform offering job searchers access to a wide range of career-related services, including information on employment possibilities, training programmes, and other pertinent resources. The National Career Service (NCS) further offers counselling and assistance services to those seeking employment, with the aim of assisting them in identifying suitable work opportunities.
The Pradhan Mantri Yuva Rojgar Yojana (PMYRY) is a government initiative in India.
The Prime Minister’s Youth Rural Self-work Scheme (PMYRY) is a government initiative aimed at providing work opportunities for young individuals residing in rural regions who are currently unemployed. The programme offers monetary support to those in their youth who want to establish their own enterprises. PMYRY has significantly contributed to the creation of a substantial number of self-employment prospects in rural regions.
The Mahila Samridhi Yojana (MSY) is a government initiative aimed at promoting the economic empowerment of women in India.
The MSY programme is a self-employment initiative specifically designed to address the unemployment challenges faced by women living in rural regions. The programme offers economic support to women for the purpose of initiating their own entrepreneurial endeavours. The implementation of the Micro, Small, and Medium Enterprises (MSME) sector has significantly contributed to the creation of a substantial number of self-employment possibilities for women residing in rural regions.
The Aajeevika Mission is a government initiative aimed at enhancing livelihood opportunities for rural households in India.
The Aajeevika Mission is a governmental initiative in India that focuses on improving rural livelihoods. The primary objective of the mission is to enhance the capabilities of women and rural adolescents via the provision of opportunities for skills training, access to financing, and entry into markets. The Aajeevika Mission has played a pivotal role in facilitating the development of a substantial number of livelihood opportunities in rural regions.
The following are a selection of prominent government initiatives targeting jobless young in India throughout the year 2023. Individuals who are currently not employed have the opportunity to use the official website of the Ministry of Skill Development and Entrepreneurship (MSDE) in order to get comprehensive knowledge on the many schemes available. Moreover, they may proceed to submit their applications for those schemes that align with their specific circumstances.
