Policy initiatives taken to provide vocational training

ISLAMABAD: Policy initiatives are being taken to provide demand driven vocational training along with credit for self-employment to lessen the volume of unemployment in the country.  According to Economic Survey of Pakistan, 2013-14 released here on Monday, the policy focus of government is to create employment opportunities and human resource development. It said supporting innovative entrepreneurship along with youth entrepreneurship would also be helpful to reduce the burden of unemployment in the economy. It said Government’s Initiatives for Youth Prime Minister of Pakistan has launched a Youth Development Program in September 2013 with the aim to provide various opportunities to the youth including skilled education, trainings, employment and scholarships so that they could contribute positively in their fields.  It said under this program, six schemes have been announced which include Interest Free Loans, Business Loans, Youth Training, Youth Skill Development, Fee Reimbursement Scheme for Students from the Less Developed Areas and PM’s Scheme for provision of Laptops Provision. Under Youth Training Scheme, young individuals with 16 years of education from recognized institutions will be provided on job training/internships at private and public sector offices. It is aimed that professional development would equip them with abilities to get job opportunities in the country or abroad. An amount of Rs 4.0 billion has been allocated to the scheme for the financial year 2013-14. A monthly stipend of Rs 10,000 shall be paid to each selected applicant for a period of 12 months and 50,000 interns would be hired under this scheme. It said reduction in population growth is one of the top priorities of the government as this will help in attaining a balance between country’s resources and population leading to sustainable socio-economic development.

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