The biggest advantage Indians have today over the rest of the world is
the population. Would could seem like a liability to at times is also a
minefield of untapped gold. The higher the population of the country, the more
the odds of this resource pool having more skilled labor. In 2014, the
government launched it’s the biggest initiative towards Skill Development India has seen yet. The aim of the government is
to provide significant skills to over forty crore Indians by the conclusion of
the year 2022. This is a meaningful effort to make India the Human Resource
Capital of the world.
There are many advantages to a higher-skilled labor population. It
saves a lot of money to establishments that are hiring the people as the work
is done more effectively. Also if the training is done outside the company, it
saves them a lot of costs as they can directly hiring more effective
manpower. The other biggest advantage is
that a Skill Development India program
will return higher tax earnings back to the government.
The government as part of the Ministry of Skill Development And
Entrepreneurship in India, the government has also launched a loan provision
service. This is done in collaboration with private and government banks. Many
selected NFBC establishes are also sanctioned part of this. This means that
students who wish to get an update course like a diploma or a certification can
get them easily with low-interest loans. The low-interest rate and flexible
return periods are set as a motivator for students.
With such schemes to surround Skill
Development India is making it’s way to the top. We as a country are able
to use the resource that is available in abundance and turn into a filed of
opportunities. With easy loans, rural skill development and multiple levels of
government support -- this movement is sure to make bring a change to the
Indian future.
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