New job plan for Kashmir to train 40,000 youth

New Delhi: The government Thursday sanctioned a massive Rs.1,000 crore (over $220 million) employment plan for job-starved Jammu and Kashmir, which has around 500,000 unemployed men and women.

The scheme would be launched to provide job-oriented training to some 40,000 graduates, post-graduates and professional degree holders over a period of five years.

The plan of Special Industry Initiative Scheme in Jammu and Kashmir was approved by the Cabinet Committee on Economic Affairs at its meeting here chaired by Prime Minister Manmohan Singh, according to an official statement.

"It has been launched to enhance the employment opportunities in the state and to formulate a jobs plan involving both the public and private sectors, especially for the youth," the statement said.

With 100 percent assistance from the central government, the plan will be jointly implemented by the National Skill Development Corporation (NSDC) and India's corporate sector. NSDC is a public-private partnership initiative for the development and upgrading of the skills of the growing Indian workforce through training programmes.

The identified private companies will screen and select candidates from the state. After assessing the skill gap of the trainees and the need of the corporate, they will be trained suitably to be absorbed by the private companies.

The company will, in turn, be incentivised to absorb the trainee, the statement said.

The estimated expenditure is approximately Rs. 250,000 per trainee.

"The central government will make a provision of Rs.500 crore in the next five years from 2011-12 onwards. The cost of travel, boarding and lodging and stipend (of trainees) will be borne by the central government," the statement said.

But the training cost will initially be borne by the company which will be reimbursed if the trained youth are given employment.
Some 8,000 youth from the state are proposed to be trained annually.

The plan is based on the recommendations of expert group headed by known economist C. Rangarajan set up by Prime Minister Manmohan Singh in August 2010.

According to various estimates, there are around 500,000 unemployed youth in Jammu and Kashmir which Chief Minister Omar Abdullah has described as a "major challenge" for the state. He has been maintaining that large-scale unemployment was feeding the two decades of militancy in the state.
 

 Tweet

Home | Top of the Page

Top Stories

Maran resigns from cabinet

Textiles Minister Dayanidhi Maran has submitted his resignation to Prime Minister Manmohan Singh, informed sources said Thursday, a day after the CBI alleged that he forced telecom promoter C  »

What is the 2G spectrum scam about?

CBI points finger at Maran in 2G Scam

  Most Read

'Islamic Banking can facilitate green financing'

 As India reels under inflation and the interest based banking and borrowing become unaffordable especially for the marginalized section, more and more economic experts  »

Express train rams into bus near Lucknow, 31 killed

At least 31 people were killed and over 30 injured when the Chhapra Mathura express train collided with a bus carrying members of a marriage party near Kanshiram Nagar district in Uttar Pradesh early  »

PM calls for probe into train accident, announces compensation

  News Pick

Nurseries of tolerance: Hindus in Islamic seminaries

Away from swank colleges and intimidating fee structures, a number of Hindu students in Bihar are lining up at madrassas to pursue  »

Amid growing differences Central Wakf Council to meet today

Amid growing differences between the government and the community leaders on the proposed Wakf amendment bill  »

Muslim panel to protest July 24 against Waqf bill, RTE

Philanthropist helps Malegaon get ITI College

Two years after he donated a huge sum of money barely few days before his death, the dream of the local philanthropist Abdul Gafoor finally came true when Maulana Ghulam Mohammad Vastanvi laid the foundation stone »

Indian hand in South Sudan constitution

As South Sudan celebrates its formal birth as Africa's newest nation on July 9, its constitution, in the process of being drafted, will have  »

South Sudan to become world's newest nation July 9

Picture of the Day

Defence Minister of Mozambique Filipe Jacinto Nyusi laying wreath at Amar Jawan Jyoti, in New Delhi on June 28, 2011.

(Photo: Fulchand)