Government data shows fall in job creation by schemes

The unemployment menace is going to be tougher this year.

Government data depicts a sharp decline in job creation.

The number of jobs generated under PMEGP plummeted sharply...

...The number fell down from 5.87 lakh in 2018-19 to 2.57 lakh in 2019-20 (until December 31, 2019).

PMEGP is a credit-linked subsidy programme run by the ministry of micro, small and medium enterprises.

The 2019-20 PMEGP figures are the lowest since the Modi government assumed office in 2014.

Government data also pointed to a sharp decline in placement of people skilled under the DAY-NULM.

Placements dropped from 1.78 lakh in 2018-19 to 44,066 in the current fiscal, according to data until January 27, 2020.

As with PMEG, 2018-19 saw a higher number than 2017-18 (1,15,416) and 2016-17 (1,51,901).

The drop was most drastic in states like Gujarat, where placements fell from 13,213 to 2,727 until January 2020.

Madhya Pradesh also saw a decline, from 32,501 in 2018-19 to 2,784 in the current fiscal.

MGNREGS shows a slowdown in 2019-20 with person-days generated ...

....falling from 26,796 in 2018-19 to 20,577, the lowest since 2015-16.

The pace of skilling and placements under the Deen Dayal Upadhyaya Grameen Kaushalya Yojana also declined.

Number of people getting jobs declined from 1.35 lakh in 2018-19 to 1.10 lakh in 2019-20.

The private sector saw a record low in four decades.

Lakhs of people went jobless in last two years.

The government has no plan and remedy to overcome the issue.