Kathmandu. Although the problem of unemployment in the country is getting complicated, the government has kept a minimum budget for employment generation. Although the government has planned to develop the skills and skills of the young manpower according to the demands of the labor market to solve the unemployment problem in a sustainable way, it has not been able to allocate enough budget.
For the next fiscal year, the government has changed the name of the prime minister’s employment programme to Rs 1.99 billion for the National Employment Promotion Programme. In the current year, more than Rs 4 billion was allocated for this program.
The government has kept the word employment in two dozen places in the budget presented on May 15, but the budget has not been allocated enough.
The government plans to promote innovation-based startup entrepreneurship to increase the number of young people who give jobs, run incubation centers in collaboration with the government, universities and the private sector to make the Zen-G generation entrepreneurial and professional, expand the concessional loan program to engage startup entrepreneurs in skill development, business expansion, marketing and value chain.
For this, Rs 730 million has been allocated to provide loans at 3 percent interest rate. The government plans to launch ‘Bhagat Sarbajit Entrepreneurship Development Programme’ to create employment and income generation opportunities by preserving the traditional skills, arts and professions of the Dalit community.
The government has allocated Rs 500 million to provide capital subsidy, concessional loans and skill development training for the production and marketing of gold, silver, bronze, copper, iron, leather, wood and stone materials using modern technology.
The government has planned to implement the National Population Policy next year to utilize the demographic advantage in development and prosperity, to create production and employment opportunities in the rural economy to change the situation of development going up and down, but the government has not allocated enough budget for how to do so.
The government plans to run an employment portal to connect the employment market by updating the details of skilled people looking for employment and to run employment fairs in all the provinces in collaboration with the umbrella organizations of the private sector.
The government plans to conduct ‘on-the-job’ and ‘apprenticeship’ programs by revising the curriculum to produce the required manpower based on the demand of the domestic industry, and conducting technical and vocational training in coordination with universities, technical schools and vocational training centers to supply the skilled manpower required for the industry.
The government plans to conduct vocational and skill development training of less than six months from the National Vocational Training Academy and state level and implement integrated standards of curriculum and practical teaching to ensure the quality of training.
It has been admitted that the budget presented by the government has failed to maintain the balance between the country’s labor market and the skills of the human resources produced.
It is said that the trend of skilled and semi-skilled manpower migrating abroad is in a worrisome situation and the proportion of population below the poverty line is still high due to the supply of necessary manpower from abroad in the industrial and construction sectors and lack of adequate employment opportunities in the country.
Although there is a plan to attract experts and skilled Nepalis in foreign employment to become entrepreneurs and self-employed in the country, to promote innovation and entrepreneurship and to create employment targeted at the youth, there is not enough budget.
Although there is not enough budget, the target of employment seems to be ambitious of the government. The government has set a target to increase the number of jobs to 50,000 by the end of next year from 40,000 in the current fiscal year. The government has set a target to increase the number of jobs to 12,000 from 5,200 in the tourism sector, and to create additional jobs through the establishment and operation of micro, domestic, small, medium and large industries to 170,000.
The government aims to increase the number of self-employment generation from 10,000 to 11,000 from the Youth Self-Employment Fund, to 135,000 through investment in small farmers’ development micro-finance institutions, and to increase the number of jobs created through interest subsidy to 200,000.
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