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514 million person-years employment created during 2014-24: Report

By Business Standard - 6 months ago
A SKOCH report on Monday claimed that 51.40 crore person years of employment was generated between 2014 and 2024 during the Modi government regime. A man-year or person-year is a unit of measurement for the amount of work done by an individual throughout the entire year expressed in hours. The report titled, Employment Generative Impact of ModiNomics: The Paradigm Shifts, is based on 80 case studies covering borrowers who took multiple loans and data of various government schemes.. "Over a period between 2014-24, a total of 51.40 crore employment has been generated. Out of which 19.79 crore employment has been generated by governance-led interventions. The rest, 31.61 crore, has been contributed by credit-led interventions," a release said. SKOCH Group is India's think tank dealing with socio-economic issues, focusing on inclusive growth since 1997.. The current study also finds that micro-loans are being used to generate employment that is steady and stable, it stated. "We have

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