Proposal to create 18 lakh jobs for 12 pass youth in the country

Eighteen lakh enterprises, run by 12 class passed can be created in the country to service 60 million micro and small enterprises (MSEs), according to a report submitted to the Central Government jointly by Azim Premji University, Tata Institute of Social Sciences and Federation of Indian Chambers of Commerce and Industry (FICCI).

A report has been prepared jointly by the three institutes proposing the creation of Udyog Sahayak Enterprises Network (USENET), where 18 lakh such enterprises could be established in three phases over a period of 10 year.

The network is envisaged to create support system that will improve ease of doing business, primarily for MSEs. These enterprises would be run by a single person, who would be at least 12 class pass and will comprise a home office, with a computer or laptop, a printer, scanner, web camera, broadband internet connectivity, power back and a two-wheeler for mobility.

These individuals would be trained under the existing programmes of the Skill Development and Entrepreneurship Ministry of the Central Government. Each such unit will require a capex of Rs 1.14 lakh and it is proposed that the Government of India would give a 50 per cent grant for it and 80 per cent of the capital required would come in the form of a MUDRA loan.

The services offered to the micro-entrepreneurs at their doorstep will include digitisation and formalisation, availing of government loans, subsidies or other benefits, ensuring compliance with local, regional, and national regulation, aiding partnership with digital marketing platforms and digital payment platforms.

The proposal estimates that USENET can aid in the creation of an additional one crore jobs over five years and nearly six crore jobs in a decade. The project will create an additional economic value of Rs 2.16 lakh crore at the end of the first five years and Rs 19 lakh crore in ten years, assuming a 12 per cent growth in gross value addition, the proposal states.