• Deccan Chronicle
  • Andhra Bhoomi
  • Asian Age
  • ePaper
  •  Auto Refresh
Home

ePaper
Last Updated:12:40 AM IST | Saturday, Aug 13, 2022
  • Home
  • Politics, Plan And Policy
  • Markets
  • Companies
  • Economy
  • In Other News
  • Autos
  • Just In
Menu
  • Home
  • Politics, Plan And Policy
  • Markets
  • Companies
  • Economy
  • In Other News
  • Autos
  • Just In
Home > Economy > Reports on high unemployment rate misleading, says Gangwar
Economy
Reports on high unemployment rate misleading, says Gangwar
By  
PTI   , Published : Jul 1, 2019, 1:49 pm IST | Updated : Jul 1, 2019, 1:49 pm IST

Employment generation coupled with improving employability is the priority of government, said Santosh Gangwar.

While mentioning various initiatives taken by the government, Gangwar said 18.26 crore loans were sanctioned under the Pradhan Mantri Mudra Yojana (PMMY) up to March 31, 2019. (Photo: File | ANI)
While mentioning various initiatives taken by the government, Gangwar said 18.26 crore loans were sanctioned under the Pradhan Mantri Mudra Yojana (PMMY) up to March 31, 2019. (Photo: File | ANI)

New Delhi: Union Minister Santosh Kumar Gangwar on Monday said that reports about high unemployment rate in the country are misleading and asserted that employment generation is the priority of the government.

Amid concerns in various quarters about reports on rising unemployment, the Minister of State for Labour and Employment told the Lok Sabha that he was ready for a discussion on the employment situation in the country. He also said the government is looking into the issue of unemployment and would be coming out with a report.

During the Question Hour, Congress member Adoor Prakash said that unemployment rate in the country was high and asked whether the government has any master plan in place to generate more jobs in every sector of the economy. In response, Gangwar said reports about high unemployment rate are not fully true, eliciting protests from Opposition members.

Referring to the reports, the minister said they are "brahmak (misleading) baat hai". "Employment generation coupled with improving employability is the priority of the government," he said. For the 2018-19 period, under the Prime Minister's Employment Generation Programme (PMEGP), jobs were generated for 5,86,728 people as on March 1, 2019, according to data provided in a written reply.

While mentioning various initiatives taken by the government, Gangwar said 18.26 crore loans were sanctioned under the Pradhan Mantri Mudra Yojana (PMMY) up to March 31, 2019. Under the Pradhan Mantri Rojgar Protsahan Yojana (PMRPY), the government pays entire employer's contribution towards EPF (Employee Provident Fund) and EPS (Employee Pension Scheme) for all eligible new employees for all sectors for three years, he said. "Till June 16, 2019, benefits have been given to 1.21 crore beneficiaries," he added.

end-of
Tags: 
santosh kumar gangwar, unemployment rate, jobs, pradhan mantri mudra yojana, employee provident fund, employee pension scheme
Location: 
India, Delhi, New Delhi
Latest From Economy
Former RBI governor Urjit Patel has written a book titled Overdraft: Saving the Indian Saver.

Urjit Patel: Why our banks aren't saviours of the Indian saver

FIEO Director General Ajay Sahai said the global situation is likely to improve in the first half of 2020, which would have a positive impact on India's exports.

Exports to rebound in 2020 but growth to remain subdued

ICRA Economist Aditi Nayar expects moderation in vegetable prices to a large extent by early 2020. (Photo: File)

Inflation leaves consumers teary-eyed as pricey onions, food items bite

Most Popular

Mukesh Ambani 9th richest on Forbes' real-time billionaires list
Top credit card myths harmful for your financial well-being
Microsoft CEO Satya Nadella tops Fortune's Businessperson of the Year 2019
Employment growth slowed down in last two years: report
GST structure: key challenges and its solutions

Editor's Picks

Income tax e-filers drop by over 6.6 lakh in FY19: Official data
Swiping on your smartphone reveals a lot about you to your social media company
  • Read Financial Chronicle as it appears in print.
  • Subscribe, and get it delivered in the inbox everyday.
  • Politics, Plan And Policy
  • Markets
  • Companies
  • Economy
  • In Other News
  • Autos
  • Just In
  • Home
  • About Us
  • Contact Us
  • Terms of Service
  • Privacy Guidelines
  • Copyright © 2019 Financial Chronicle, All rights reserved
Developed & Maintained By Daksham