National Employment Policy

The Ministry of Labour is to fast track the National Employment Policy. The main idea of framing the National Employment Policy is to lay out a roadmap that will provide incentives for employment generation.

Highlights

The policy will aim at absorbing additional 5 million workforce every year. Also, the policy will focus on formalizing 500 million workforce in the country. It will also ensure social security and job security for them.

The policy will frame a road map to provide incentives for employment generation. Also, the policy will focus on the challenges thrown by the COVID-19 crisis.

Objectives

The National Employment Policy is to be framed focusing on twin objectives as follows

• To attract new enterprises and industries to generate employment opportunities
• To improve the skill set of existing work force and make them employable. This will also help in India gearing up to attract companies from China to set up manufacturing units in India.

Month: Current Affairs - June, 2020