(The Gist of Kurukshetra) Union Budget Announcements 2019-20 to Promote Skilling and Entrepreneurship  [AUGUST-2019]

(The Gist of Kurukshetra)  Union Budget Announcements 2019-20 to Promote Skilling and Entrepreneurship

 [AUGUST-2019]

Union Budget Announcements 2019-20 to Promote Skilling and Entrepreneurship

To intensify skill development and enhance the employability of rural youth, the Union Budget 2019-20 has announced the following measures:

•  In the Budget, a massive push has been given to all forms of physical connectivity viz; the Pradhan Mantri Gram Sadak Yojana, Industrial Corridors, Dedicated Freight Corridor. Bharatmala and Sagarmala projects, railway station modernization, JalMarg Vikas and UDAN Schemes. To take forward these schemes requires skilled workforce in the building, construction, real estate, construction material & building hardware sectors.
•  Under the Make in India initiative, the development of Maintenance, Repair and Overhaul (MRO) in the aviation sector is to be promoted in India. This calls for promoting skilled workforce in the MRO segment of aviation sector.
•  Ujwala Yojana and Saubhagya Yojana have transformed the lives of every rural family, dramatically improving their ease of living. Electricity and clean cooking gas facilities to be provided to all willing rural families by 2022. These initiatives promise job opportunities for the rural youth and relevant skill trainings need to be provided to meet the skill demands arising from the sector.
•  To promote overseas employment of the youth, there will be increased focus on skill sets needed for going abroad as well as new age skills such as language training, Artificial Intelligence (Al), Internet of Things, Big Data, 3D Printing, Virtual Reality and Robotics. The new age-skills are in great demand both within and outside the country, and offer much higher
  remuneration.

The youth also needs to be skilled and up skilled to avail of the new job opportunities that are likely to arise from the following budget announcements:

•  Pradhan Mantri Awas Yojana- Gramin (PMAY-G) aims to achieve "Housing for All" by 2022 and eligible beneficiaries to be provided 1.95 crore houses with amenities like toilets, electricity and LPG connections during its second phase spanning from
  2019 2022.
•  To address the traditional village industries, the Scheme of Fund for Upgradation and Regeneration of Traditional Industries' (SFURTI) aims to set up more Common Facility Centres (CFCs) to facilitate cluster based development for making traditional industries more productive, profitable and capable for generating sustained employment opportunities.100 new clusters to be set up during 2019-20 with special focus on Bamboo, Honey and Khadi, enabling 50,000 artisans to join the economic value chain.
•  To improve the technology of such industries, the Scheme for Promotion of Innovation, Rural Industry and Entrepreneurship (ASPIRE) has been consolidated to set up 80 Livelihood
  Business Incubators (LBIs) and 20 Technology Business Incubators (TBIs) during 2019-20. 75,000 entrepreneurs to be skilled in agro-rural industry sectors. Private entrepreneurships to be supported in driving value-addition to farmers produce from the field and for those from allied activities.
•  Dairying through cooperatives to be encouraged by creating infrastructure for cattle feed manufacturing, milk procurement, processing and marketing.
•  10,000 new Farmer Producer Organizations to be formed, to ensure economies of scale for farmers.
•  Swachh Bharat Mission to be expanded to undertake sustainable solid waste management in every village.
•  Under the Pradhan Mantri Gramin Digital Saksharta Abhiyan over two crore rural Indians have been made digitally literate.Through BharatNet, internet connectivity is being provided to the local bodies in every Panchayat.
•  Under UJALA Yojana, approx. 35.54 crore LED bulbs was distributed to the households leading to cost savings of Rs.18,464 crores annually and 3.73 crore tons reduction in CO. emissions. A similar mission mode approach would be adopted to promote solar stoves and battery chargers.
•  This would not only reduce carbon emissions but also has the added benefit of promoting indigenous manufacturing of solar stoves and battery chargers leading to creation of new job opportunities.
•  To encourage women enterprise, women SHG interest subvention programme to be expanded to all districts. Every verified woman SHG member having a Jan Dhan bank account to be allowed overdraft of Rs. 5,000. One woman per SHG to be eligible for loan up to Rs.1lakh under the MUDRA Scheme.
•  Mission to integrate traditional artisans with global markets proposed, with necessary patents and geographical indicators.
•  17 iconic tourism sites to be developed into model world class tourist destinations. This would increase the footfall of tourists to these sites.
•  Mega Investment in Sunrise and Advanced Technology Areas Scheme to invite global companies to set up mega-manufacturing plants in areas such as Semi-conductor Fabrication (FAB), Solar PhotoVoltaic cells, Lithium storage batteries, Computer Servers, Laptops, etc.

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