SJM welcomed the innovative schemes announced for job creation and promotion of self-employment
New Delhi. Swadeshi Jagran Manch congratulates the central government, especially Finance Minister for innovative schemes announced in the budget for promoting job creation and also self-employment.
Swadeshi Jagran Manch National Co Convenor Dr. Ashwani Mahajan said in a release, we understand that employment has always been a pain point in the post globalisation period. Though, there has been significant increase in GDP growth after 1991, but this growth has generally been jobless. The present budget offers an innovative comprehensive internship opportunity in 500 top companies, to develop skill sets for educated youth, and making them employable.
If implemented properly this can prove to be a watershed moment for our younger generation. This can help one crore youth to skill themselves for future job opportunities, in the next five years. Apart from this, a good number of schemes have been announced in the budget to incentivise creation of jobs in the private sector including support to businesses for EPFO contribution and also providing first salary to first time employed from government’s kitty.
Further, SJM appreciates increase in capital expenditure by the government and also encouragement given to increase private investment. Increasing the cap for mudra loan from Rs. 10 lakh to 20 lakh is also a step in the right direction. Introduction of credit guarantee scheme for MSME, credit support to MSME during stress period, e-commerce export hubs for MSME, development of investment ready plug and play industrial parks, rental housing for industrial workers etc. are some of the good measures adopted for development of MSMEs. Scheme for street vendors is yet another step towards inclusive growth.
He said, push to infrastructure both by way of public capital expenditure and also private investment can go a long way towards much desired infrastructure development. Encouragement to renewable, especially solar energy is also an appreciable program. Encouragement to natural farming and support to the farmers in crop diversification can also help improve the farmer welfare. Reforms and strengthening debt recovery tribunals, steps towards speeding up insolvency resolution are also welcome steps. In general Swadeshi Jagaran Manch appreciates the budget proposals as they are employment centric, pro-agriculture, pro-business, especially MSME.
However, Swadeshi Jagran Manch expects from the government that more measure be adopted for promotion of entrepreneurship in the country
