Question:
"In a nation like India, self employment provides an important avenue for employment generation." Defend or refute the given statement with valid arguments.
"In a nation like India, self employment provides an important avenue for employment generation." Defend or refute the given statement with valid arguments.
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Infrastructure development in rural areas can drastically improve productivity and create sustainable livelihoods by connecting rural populations to broader economic opportunities.
Updated On: Feb 1, 2025
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Solution and Explanation
Selfemployment is a key avenue for employment generation in India, and here's why:
High Employment Potential:
India, with its large rural population and limited job opportunities in the formal sector, has seen selfemployment emerge as a crucial way for individuals to earn their livelihoods. Agriculture, handicrafts, and small businesses are common forms of selfemployment. Entrepreneurship and Innovation:
Selfemployment fosters entrepreneurship and innovation, as individuals take the initiative to create businesses and services that cater to local and regional needs. Lower Barriers to Entry:
Unlike formal employment that requires certain qualifications or skills, selfemployment offers flexibility and lower barriers to entry, allowing many individuals, particularly in rural areas, to enter the workforce. Government Initiatives:
Various government schemes like PMEGP (Prime Minister's Employment Generation Programme) and MUDRA Yojana support the selfemployment sector by providing loans, training, and other resources. Therefore, selfemployment is crucial in India's economic context, providing a valuable route to employment for a large section of the population.
India, with its large rural population and limited job opportunities in the formal sector, has seen selfemployment emerge as a crucial way for individuals to earn their livelihoods. Agriculture, handicrafts, and small businesses are common forms of selfemployment. Entrepreneurship and Innovation:
Selfemployment fosters entrepreneurship and innovation, as individuals take the initiative to create businesses and services that cater to local and regional needs. Lower Barriers to Entry:
Unlike formal employment that requires certain qualifications or skills, selfemployment offers flexibility and lower barriers to entry, allowing many individuals, particularly in rural areas, to enter the workforce. Government Initiatives:
Various government schemes like PMEGP (Prime Minister's Employment Generation Programme) and MUDRA Yojana support the selfemployment sector by providing loans, training, and other resources. Therefore, selfemployment is crucial in India's economic context, providing a valuable route to employment for a large section of the population.
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