Employment Growth 2019
As per the available result of labour force surveys on employment and unemployment conducted by Labour Bureau, Ministry of Labour and Employment, the estimated Unemployment rate for persons aged 15 years & above on usual status basis during 2012-13, 2013-14 and 2015-16 was 4.0%, 3.4% and 3.7% respectively. As per estimate released by Ministry of Statistics and Programme Implementation, the corresponding growth rates of Gross Domestic Product (GDP) at Constant Prices (Base Year 2011-12) in the country during 2012-13, 2013-14 and 2015-16 was 5.5%, 6.4% and 8.2% respectively.
Employment generation coupled with improving employability is the priority concern of the Government. Government has taken various steps for generating employment in the country like encouraging private sector of economy, fast tracking various projects involving substantial investment and increasing public expenditure on schemes like Prime Minister’s Employment Generation Programme (PMEGP) run by Ministry of Micro, Small & Medium Enterprises, Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA), Pt. Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) scheme run by Ministry of Rural Development and Deendayal Antyodaya Yojana- National Urban Livelihoods Mission (DAY-NULM) run by Ministry of Housing & Urban Affairs. Details of the employment generated through these schemes/ programmes are given at Annexure.
Pradhan Mantri Mudra Yojana (PMMY) has been initiated by Government for facilitating self-employment. Under PMMY collateral free loans uptoRs. 10 lakh, are extended to small/micro business enterprises and to individuals to enable them to setup or expand their business activities. Under PMMY, as on 30.11.2018, the number of loans sanctioned is 14.75 core.
Pradhan Mantri Rojgar Protsahan Yojana has been initiated by the Ministry of Labour and Employment in the year 2016-17 for incentivizing employers for employment generation. Under this scheme, Government is paying the entire employer’s contribution (12 % or as admissible) towards the EPS and EPF for all sectors w.e.f. 01.04.2018 to all eligible new employees for the next 3 years from the date of registration of the new employee. Till 31st December, 2018, benefits have been given to 1.21 lakh establishments covering 98.38 lakh beneficiaries.
The above information given by the Minister of State for (Ic) for labour and employment Shri Santosh kumar Gangwar in the Parliament on 07.01.2019