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Interim Budget 2019: Focus must be on skilled labour to tackle unemployment

Unless skill development programmes receive impetus, the numbers of the unemployable will only rise

Topics
Unemployment  |  Unemployment In India  |  Narendra Modi

Chaitanya Mallapur | IndiaSpend 

Budgetary allocation to the ministry of skill development and entrepreneurship (MSDE) has witnessed a 237% increase over the last four years, from Rs 1,007 crore (actual expenditure) in 2015-16 to Rs 3,400 crore (budget estimate) in 2018-19, according to ministry data.

The 2018-19 allocation, however, represents a “drastic cut” by the ministry of finance against the Rs 7,696.54 crore requested by the MSDE, due to underutilisation of funds allocated to the MSDE in previous years, revealed a parliamentary committee report in March 2018. The committee warned that the budget cut ...

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First Published: Tue, January 29 2019. 08:26 IST