Unemployment today is one of the biggest socio-economic problems not only of India but of the world. Crores of people are currently facing unemployment. Absence of work experience and fixed field of income gives rise to poverty and after this vicious cycle of poverty and unemployment continues forever.
The root cause of unemployment among youth is illiteracy and lack of employable skills. Education is the most powerful means of eliminating unemployment and poverty. In a broad sense, education can be the solution to almost every socio-economic problem, but its role in reducing unemployment is incomparable. If the education system in India is strengthened from the root to the highest level, then it will be very easy to find a solution to the problem of unemployment.
Under the ‘Pradhan Mantri Kaushal Vikas Yojana’, skill development centers have been established at various places by the Government of India for the purpose of skill development among the youth. Through these Centres, the skills of the youth are developed through various types of training.
Schemes like Startup India, Standup India are also noteworthy in this context. Under these schemes, various types of grants and tax benefits are provided to technology based industries in India.
