Economic study 2020: about 2.62 cr of new jobs created in 2011-18

NEW DELHI: Around 2.62 million new jobs were created in rural and urban areas between 2011-12 and 2017-18 between regular and salaried employees, says 2019-20, which was presented to Parliament on Friday.

69.03 lakh candidates were trained under Pradhan Mantri Kaushal Vikas Yojana (PMKVY) in November 2019, while there was an 8% increase in the regular employment of women in 2017-18 during 2011-12.

Along with efforts to generate additional employment, special attention has been given to improving the quality of jobs and the formalization of the economy, notes the Economic Survey.

He said the proportion of regular salaried and salaried employees has increased by 5 percentage points from 18 percent in 2011-12 to 23 percent in 2017-18. In absolute terms, there was a significant jump of about 2.62 million new jobs with 1.21 million rupees in rural areas and 1.39 million rupees in urban areas in this category.

Surprisingly, the proportion of female workers in the regular salary category has increased by 8 percentage points (from 13% in 2011-12 to 21% in 2017-18) with the addition of 0.71 million new jobs for working women in this category, the Survey stands out.

The distribution of workers in the category of independent workers remained the same, while the proportion of workers in the informal work category decreased by 5 percentage points from 30 percent in 2011-12 to 25 percent in 2017-18 with a decline in rural areas.

The generation of employment, together with the improvement of employability has been the government's priority. The significant progress made in this direction is one of the highlights of the 2019-20 Economic Survey, presented by the Minister of Finance and Corporate Affairs of the Union, Nirmala Sitharaman, today in Parliament.

General education improves people's knowledge, while professional training improves their employability and equips them to meet the requirements of the labor market, states the Economic Survey.

PMKVY, a key initiative under the government's Skill India Mission, allows young people to take short-term training (STT) and gain their certified skills through recognition of prior learning (RPL).

Under PMKVY (2016-20), 69.03 lakh candidates have been trained throughout the country, since on November 11, 2019, the Survey details. The pre-budget document also notes the range of reforms introduced in the Learning Rules, 1992 for the expansion and dissemination of the learning policy.

In addition, to improve the employability of women workers, the Government provides them with training through a network of industrial training institutes for women, national vocational training institutes and regional vocational training institutes, notes the Economic Survey.

The Economic Survey underlines several programs and legislative measures in force to encourage female participation in the economy. These include the improvement of the paid maternity leave from 12 to 26 weeks and provisions for mandatory daycare facilities in establishments with 50 or more employees, among others.

The Survey also describes the initiatives that have been implemented for the empowerment of women throughout the country, such as the Mahila Shakti Kendra scheme, the helpline scheme for women, the establishment of One Stop Centers, etc., as well as schemes to ensure the safety of women in the workplace and Support female entrepreneurship.