The Rs 37,000 crore investment plan of Mahindra & Mahindra (M&M) over the next three years is a testament to our commitment to boost growth, innovation and job creation in the country, Mahindra Group Chairman, Anand Mahindra, said.<\/p>\n\n\n\n
Urging the private sector to utilise the government\u2019s employment-linked schemes, announced during the Union Budget 2024-2025, Anand Mahindra said that this approach will help create more jobs for the youth, especially the fresh talent coming out of colleges.<\/p>\n\n\n\n
The Mahindra Group Chairman, while addressing shareholders at the annual general meeting of Mahindra & Mahindra (M&M), said it is a collective responsibility of the private sector and the government to generate employment for nation-building.<\/p>\n\n\n\n
He said that as India stands to benefit from the re-orientation of global supply chains, its growth and prosperity must be driven by job creation.<\/p>\n\n\n\n
The Group reached over 2.2 lakh women through skilling interventions, including employability-focused training and domain-specific skill development in FY24.<\/p>\n\n\n\n
Employment generation coupled with improving employability is the priority of the government and it has taken various steps to generate employment in the country.<\/p>\n\n\n\n
The Budget 2024-25 announced five schemes and initiatives to facilitate employment, skilling and other opportunities for 4.1 crore youth over a five-year period with a central outlay of Rs 2 lakh crore.<\/p>\n\n\n\n
According to the government, the unemployment rate for youth aged 15 to 29 years has been declining steadily over the last five years.<\/p>\n\n\n\n
According to data tabled in the Parliament this week, it has come down from 17.8 per cent in 2017-18 to 10 per cent in 2023-24.<\/p>\n\n\n\n
Meanwhile, the micro, small and medium enterprises (MSMEs) in India have generated more than 20.5 crore jobs in the last four years, the Centre informed this week.<\/p>\n\n\n\n
More than 12.5 crore jobs were created from FY14-23, with an average of 2 crore jobs per year.<\/p>\n\n\n\n
There has been a 56 per cent rise in workers’ income (FY22-23) and India is on track to become a $10 trillion economy. AGENCIES<\/p>\n","protected":false},"excerpt":{"rendered":"
The Rs 37,000 crore investment plan of Mahindra & Mahindra (M&M) over the next three years is a testament to our commitment to boost growth, innovation and job creation in the country, Mahindra Group Chairman, Anand Mahindra, said. Urging the private sector to utilise the government\u2019s employment-linked schemes, announced during the Union Budget 2024-2025, Anand […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[87],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\n