Tag: PMGKY

PRADHAN MANTRI GARIB KALYAN YOJANA ,” MAGIC WAND IN COVID SITUATION “

The numbers of Unemployment rate of India were not good & this pandemic have done the work of fuel in the fire . In January 2021, India saw an unemployment rate of over six percent. This was a significant improvement from the previous month. A damaging impact on an economy as large as India’s caused due a total lockdown was imminent. Unemployment went up to nearly 24 percent in April 2020. This was possibly a result of a decrease in demand as well as the disruption of workforce faced by companies.

The most drastic impact of pandemic was lockdown , & the most drastic impact of lockdown was on economically backward class ,because these people don’t have good medical system , & people from these sections mostly were of labour class , all factories & construction sites were shut , without employment & with no money left in their hands , these people were left unemployed . In India employment rate in 2019 was 5.36% which increased by over 6 % in 2021. These were not good numbers for India. Before numbers of unemployment one major thing to keep in consideration was these economically backward class . For these people , our honorable prime minister , Shri Narender Modi Ji launched a yojana named as “PRADHAN MANTRI GARIB KALYAN YOJANA” .

Just to give you all a gist of what this yojana is & what are the benefits of this yojana , & how this yojana worked as a magic wand for all the poor people who were left unemployed & lost their loved ones due to COVID19 .

The Pradhan Mantri Garib Kalyan Yojana / Package is a comprehensive relief package of Rs 1.70 Lakh Crore Yojana for the poor to help them fight the battle against Corona Virus. This was announced in March 2020, to reach out to the poorest of the poor, with food and money in hands, so that they do not face difficulties in buying essential supplies and meeting essential needs. The package included the measures listed hereunder from 30th March 2020:

  • Insurance cover of Rs 50 Lakh per health worker fighting COVID-19 to be provided under Insurance Scheme – extended for one year effective April 2021
  • 80 crore poor people will to get 5 kg wheat or rice and 1 kg of preferred pulses for free every month for the next three months – extended to November 2021 (initially, the package was extended to May & June 2021; originally, it was extended to November 2020)
  • 20 crore women Jan Dhan account holders to get Rs 500 per month for next three months
  • Increase in MNREGA wage to Rs 202 a day from Rs 182 to benefit 13.62 crore families
  • An ex-gratia of Rs 1,000 to 3 crore poor senior citizen, poor widows and poor disabled
  • Government to front-load Rs 2,000 paid to farmers in first week of April 2020 under existing PM Kisan Yojana to benefit 8.7 crore farmers
  • Central Government has given orders to State Governments to use Building and Construction Workers Welfare Fund to provide relief to Construction Workers.

Our government is providing food , money & insurance facility to the weaker sections of the society, so that though being unemployed they don’t sleep empty stomach. Under the Pradhan Mantri Garib Kalyan Yojana, 312 billion Indian rupees were accrued and provided to around 331 million beneficiaries that included women, construction workers, farmers, and senior citizens. More aid was announced in mid-May, to mainly support small businesses through the crisis. Coming to the conclusion , though unemployment numbers are rising but government is much concerned about the living of people , & is much concerned about health of people , because govt. knows that is people will live , they can make living too.

INDIA’S UNEMPLOYEMENT DILEMMA

Unemployment refers to those who are competent and actively seeking employment but are unable to find one. Those in the workforce who are working but are not in a suitable position are included in this category.

In India, because of its rising population and need for jobs, the country’s unemployment difficulties are significant. There are hundreds of thousands of individuals out there that are unemployed.

As per, center for monitoring Indian economy (CMIE) report India’s unemployment rate is 12.81 percent as of June 8th, 2021, despite the lockdown and limitations on movement. Previously, India’s unemployment rate increased from 6.5 percent in March 2021 to 8% in April 2021, rising to 14.7 percent by the end of May, while employment decreased from 37.6 percent in March to 36.8 percent in April. Many companies have been forced to close because of the lockdown to contain the coronavirus epidemic, resulting in increased unemployment across the country. So, if we ignore this problem, it will become the nation’s undoing. 

The administration has taken the situation seriously and is taking steps to reduce unemployment gradually. Following are the initiatives taken by Indian government to tackle the problem of unemployment: –

  1. TRYSEM (Training of Rural Youth for Self-Employment) was established by the government in 1979. The goal of this program was to assist jobless youngsters in rural regions aged 18 to 35 years old in learning self-employment skills. Women and youth from the SC/ST group were given priority. 
  2. In the following year, 1980, the government established the Integrated Rural Development Program (IRDP) with the goal of creating full-time jobs in rural regions.
  3. In 1982, Sri Dharmasthala Manjunatheshwara Educational Trust, Canara Bank, and Syndicate Bank collaborated on a new project called RSETI/RUDSETI. The goal of RUDSETI, which stands for Rural Development and Self Employment Training Institute, was to reduce young unemployment. RSETIs (Rural Self-Employment Training Institutes) are currently handled by banks with active participation.
  4. The Jawahar Rozgar Yojana (JRY) began in April 1989 by combining two existing wage employment programs, the RLEGP (Rural Landless Employment Guarantee Program) and the NREP (National Rural Employment Program), on an 80:20 cost-sharing basis between the state and the center.
  5. The Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) was passed in 2005, giving individuals the right to work in rural areas. MGNREGA’s employment plan aims to offer social security by guaranteeing all families with adult members who choose unskilled labor-intensive jobs a least of 100 days of paid work per year.
  6. In November 2014, the National Skill Development Mission was established to pursue the ‘Skill India’ goal in ‘Mission Mode,’ bringing together current skill training programs and combining scale and quality of skilling efforts with speed.
  7. In 2015, the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) was introduced. The goal of PMKVY was to enable the country’s young to enroll in industry-relevant skill training to earn a better living
  8. In 2016, the government announced the Start-Up India Scheme. The goal of the Startup India programs was to create an environment that nurtured and promoted entrepreneurship throughout the country.
  9. In the same year, the Stand Up India Scheme was also introduced to help women and SC/ST borrowers get bank loans between Rs 10 lakh and Rs 1 crore to start a greenfield business.

Furthermore, the government makes some restrictions flexible under these programs so that jobs might be produced in the private sector as well. To sum up, we may say that India’s unemployment crisis has reached a tipping point. However, the government and local governments have finally recognized the problem and are striving to address it to minimize unemployment. Also, this problem should be addressed correctly by determining its causes so that it doesn’t create a major social and economic problem that has far-reaching consequences across the board if left neglected.