The Agneepath scheme launched for the recruitment of young soldiers below the rank of commissioned officers in the three services of the Armed Forces is in the news. Policymakers should consider similar employment opportunities for the technically educated youth of this country in state-owned corporations. • Analysis of Annual Reports (including FY 2021-22) of top listed PSUs shows more or less the majority of PSUs facing the less serious problem of employees of different categories. According to the report of All India Higher Education Survey 2019-20, presently 3805 Diploma level technical institutes are running in India recognized by All India Council for Technical Education, New Delhi. These institutions are generally run by the State Directorate of Technical Education, except in Gujarat and Chhattisgarh. In the states of Gujarat and Chhattisgarh, polytechnic institutes are affiliated with and run by universities. Such stand-alone institutions are mainly run by the private sector and operate in rural areas. In addition, a total of 14,779 Industrial Training Institutes and Industrial Training Centers are running in the country as on January 1, 2021, through the Directorate General of Training, Ministry of Skill Development.
Along with this, the Ministry of Skill Development and Entrepreneurship has He has also been encouraged to open Skill University with the objective of promoting skill education in a holistic and integrated manner with general education. In addition to this, the government also launched the Skill India campaign in the year 2015 with an aim to train more than 300 million people in India in different types of skills by the year 2022. Despite the various efforts made by the government.. According to the report released by the Center for Monitoring Indian Economy in December 2021, the picture of employment in India looks gloomy. According to this, the unemployment rate is 7.91 percent. About 5 crore 30 lakh Indians are reported to be unemployed, with a large proportion of women also included. The figures for January 2022 show a marginal improvement of 1.34 percent in employability. The data of the National Sample Survey Office also presents a dismal picture of employment in the country. This increased the unemployment rate to 6.1 in the year 2017-18.
4 percent, which is the highest in four decades, and that too before the global pandemic. It will not be an exaggeration to say that the COVID pandemic has made this situation even direr across the country. At the same time, it is worrying that according to the Labor Force Survey Year 2019-20, there has been a steady decline in labor force participation in formal training in rural areas as compared to urban areas. It would not be unreasonable to say here that keeping in view the need of the current market demand in technical educational institutions and industries, the lack of proper coordination among themselves is also responsible for this to a great extent. Therefore, it will be necessary and preferable that for today's technically trained youth power in government-owned corporations, the government should now start the Udyampath scheme, which is a short-term employment scheme in India similar to the Agneepath scheme. It is to be mentioned here that the public sector undertakings that are present.
Those facing the grave problem of workforce shortage in the U.S. can quickly benefit from this demographic dividend to achieve higher growth trajectories and economic inclusion. On completion of their short tenure in the Agneepath scheme, experienced and trained manpower in various streams and disciplines as entrepreneurs will certainly be able to either get absorbed in private enterprises (especially micro and medium industries) or run their own independent businesses. Will be Schemes like Startup India, Skill India, Make in India, Standup India, etc. will also be helpful in promoting employment opportunities for such trained entrepreneurial youth and strengthening the local economy.
In addition, the government is also actively committed to engaging the youth in rural India towards self-employment through various rural and women-centric campaigns and other initiatives. Therefore, this scheme can prove to be a milestone for the bright future of many students across the country, especially from Industrial Training Institutes (ITIs) and Diploma level technical institutes. Therefore, such a plan must be seriously considered.
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