Skip to main content

‘196100 Jobless Register Last Year, Employment Creation Undeniable’

“With the number of educated unemployed youth running in lakh, the need for employment creation through youth entrepreneurship is undeniable,”


Srinagar—Billing youth unemployment as one of the major challenges faced by the state, Economic Survey Report calls for that the need for employment creation through youth entrepreneurship as undeniable.

“With the number of educated unemployed youth running in lakh, the need for employment creation through youth entrepreneurship is undeniable,” reads the ESR, tabled in the state legislature by the finance minister Dr Haseeb Drabu. “While hindered by the overall employment situation in the state, this challenge has its own specific dimensions & therefore requires specific targeted responses,” it underlines. 

It said that 196100 educated unemployed youth registered in the state till October 2017, compared to 413281 youths last year. In contemporary times, lesser number of educated youth register themselves with the government.  

“To boost employment & job creation for educated unemployed youth, entrepreneurship is undeniably accepted as an important means & a pivotal strategy to create jobs & improve livelihood with an aim to foster an inclusive economic environment in the overall state,” it said.

The crucial role played by the youth entrepreneurship in driving state’s economic development & job creation was well understood and with the passage of time efforts are been increases to nurture and  foster youth entrepreneurship through specific & well designed framework which need further consolidation, it says further.

As per previous ESR, the number of unemployed youth registered in various District Employment Exchanges of the J&K State is 111077 lakh as on ending March, 2016.

“In JK, unemployment rate is 24.6 percent using Usual Principal Status (UPS) approach, while as the persons in the age of 18-29 years had UR 13.2 percent at the All India Level using UPS approach,” states the ESR 2016

Be part of Open Journalism

At Kashmir Observer we pride ourselves for being open, honest and unbiased. If you have noticed we haven’t put up a paywall unlike many news organisations, – as we want to keep our journalism open. We believe journalism should be open, fearless and unbiased. Open information helps with informed decisions.

Journalism takes a lot of time, money and hard work to produce, despite all the hardships we still do it, because we believe our perspective matters – because it might well be your perspective, too. Today more people are reading Kashmir Observer than ever, but only a handful are paying and advertising revenues across the media industry is falling fast.

If everyone who reads our reporting, helps to support it, our future would be much more secure and we will be able to keep our and your perspective going. So if we may ask, we ask your help in keeping the Kashmir Observer’s journalism fair and square.

Conversations

No personal attacks or insults, no hate speech, no profanity. Please keep the conversation civil and help us moderate this thread by reporting any abuse. See our Commenting rules.

The opinions expressed in reader contributions are those of the respective author only, and do not reflect the opinions/views of Kashmir Observer or/and it's affiliate.