80k jobs to be created in small businesses
Jul 29, 2014-
The government has planned to create 50,000 jobs in the cottage and small industries (CSI) sector and another 30,880 jobs under the Micro-Enterprises Development Programme (Medep) during the current fiscal year 2014-15.
Medep is financed by the United Nations Development Fund. The Ministry of Industry said it had allocated Rs 200 million for programmes related to CSIs and Medep for the current fiscal.
“A single basket fund has been created with money from the government, donor agencies and local bodies to finance the two programmes,” said Yam Kumari Khatiwada, spokesperson at the Industry Ministry. She added that the programmes had been targeted at the poor mainly from rural areas and underprivileged communities.
The 13th Three-Year Plan which the government recently endorsed has envisaged providing employment to 150,000 people through its CSI Development Programme. Under this initiative, it will impart intensive training to people in rural areas to manufacture goods that have a high comparative advantage. The programme will promote CSIs in all the 75 districts of the country.
As of the present, the government has provided licences to 284,635 CSIs. They include 243,968 CSIs registered with the Department of Cottage and Small Industries and the rest with the Cottage and Small Industries Development Board. The Three-Year Plan has also targeted extending Medep to another 235 village development committees in four districts during this fiscal year. Currently, the programme operates in 50 districts and has created 62,162 entrepreneurs. It expects to create another 15,800 entrepreneurs in this fiscal year.
Khatiwada said the Industry Ministry had planned to expand the programme to all the 75 districts within the next five years.
According to the Industry Ministry, it has been implementing the Micro-Enterprise Development Programme for Poverty Alleviation (Medpa) for the last four years to develop micro-enterprises in rural areas targeting the poor. The government is currently working to bring Medep under Medpa. “The combined budget allocation is an indication of eventually bringing Medep under Medpa,” said Khatiwada. She added that the ministry had planned to coordinate with the Poor Household Identity Card Distribution Programme being run by the Ministry of Cooperatives and Poverty Alleviation to identify the rural poor to make Medpa effective.
Meanwhile, the plan has also targeted establishing 50 large industries, 100 medium industries, 500 small industries and 15,000 micro-enterprises in fiscal 2014-15.
Published: 30-07-2014 09:40