Finance Minister (FM) Nirmala Sitharaman while presenting the Union Budget 2023 on 1st February, announced the launch of Fourth phase of Pradhan Mantri Kaushal Vikas Yojana (PMKVY) to skill lakhs of youth in the coming three years.
The scheme includes the courses for Industry 4.0, Covid, robotics, AI, mechatronics, IOT and drones. She also discusses that to boost the skill of youth for international opportunities, 30 skill India International centres will be made around many states.
Furthermore, a unified “skill India” platform is also set to be introduced. With the help of these programs it will enable demand based Formal skilling, associating with employers (plus MSMEs) and paving the way to access to entrepreneurial schemes.
First time in 2015, the Skill India Mission was launched with a moto to skilling, re-skilling and upskilling. Under this, the central government starts many skill development schemes all around India via over 20 central ministries / departments.
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PMKVY 1.0 was launched in 2015, PMKVY 2.0 in 2017 and PMKVY 3.0 in January 2021. Some of the problems that hinders Job creation in India include inappropriate architecture and infrastructure, male and female gender gap in workers involvement in contribution, a pending modern Labour code, also the things that service sector in India employees a huge number of workers, that is overdependence in one sector, income inequality and poverty, and prevalent regional imbalance.
In the last year’s budget in 2022- 23 had set a goal to create six million jobs within five years. So, the past one year’s job creation trends have been mixed.
The country job issues is one of the hottest topics around budgets. However, this year the issue has considered an added urgency following the fact that the country is about to surpass China as the world’s most populous country very soon.
