Mahendra Nath Pandey, Union Minister for Skills Development and Entrepreneurship said India needed more than 70 lakh of skilled labor in the coming months “due to the unleashing of the economy”, adding that “over 62% of India’s population is young and that the Prime Minister’s vision is to make India one of the largest qualified economies in the world.”
According to a government statement, Pandey was speaking at an institute in New Delhi when he pointed out that the beauty and wellness sector in India has a market potential of Rs 80,000 crore and can offer job opportunities to thousands of people.
“Skills courses are an important tool for female empowerment as female students can create wellness and beauty centers by availing easy loans like MUDRA and can also motivate others for such gainful employment opportunities “, did he declare.
Pandey added that the National Skills Development Mission (Skill India Mission), launched on July 15, 2015 under the leadership of Prime Minister Narendra Modi, is progressing steadily.
“Nearly one million young people receive vocational training every year under various government programs through the Skill India Mission. India is a young nation and a skilled workforce will be able to meet the market demand in the country and also the global market,” he said.
Pandey’s statements come a day after Union Minister for MSMEs Nitin Gadkari backed the government’s skills development initiatives under the Prime Minister’s Job Creation Program (PMEGP).
Gadkari had said that the Entrepreneurship Development Program (EDP) was provided to PMEGP beneficiaries through the Rural Development and Self-Employment Training Institutes (RUDSETI) / (RSETI) and the Khadi and Village Industries Commission (KVIC), KVIB training centers as well as other national levels. Entrepreneurship Development Institutes (EDI).
“To bring transparency and speed up the disbursement of margin money under the PMEGP scheme, the Ministry of MSMEs has introduced online disbursement of margin money directly to funding bank branches,” Gadkari had said. .