The West Bengal government aims to generate 22 lakh jobs in the current fiscal, state Finance Minister Amit Mitra said on Friday during his budget presentation for the current fiscal in the Assembly.
"We set a target to generate 22 lakhs employment in the 2016-17 financial year," Mitra said.
"We have created 20 lakh employment in 2015-16 against a target of 17.5 lakh. In the last five years, the state created 68 lakh jobs and another two lakh are in the process," Mitra said.
He said the state's aim is to increase employment generation. Micro, small and medium enterprises (MSMEs) used to create maximum jobs. These sectors are labour intensive and have maximum labour output elasticity.
"We focused in this sector and bank funding to the sector in the last five years has increased which is the highest among states. More bank funding entails more investments in the sector," he said.
State minister proposed to create 732 e-classrooms in the colleges and universities and 2,000 in secondary and higher secondary schools in the first phase. "We allocated Rs 100 crore in the initiative," he said.
The minister allocated Rs 200 crore for the Swami Vivekananda West Bengal Government Merit-cum-Means Scholarship Scheme with an aim to encourage meritorious students to pursue higher studies.
--IANS
bdc/bim/bg
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
