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Govt sees over 1 crore jobs being created this fiscal

Last Updated: Monday, July 20, 2009 - 23:09

New Delhi: Amid reports of massive job
losses in the time of global downturn, the government sees
over one crore jobs being created in rural areas this
financial year with khadi units contributing 10 lakh jobs.

The Ministry of Micro, Small and Enterprises is also
bullish on sales of products from rural industries.
Merchandise sales from village industries is expected to
increase by 10 per cent to Rs 22,344 crore in the fiscal, says
the annual report of Ministry of Micro, Small and Enterprises
for 2008-09.

Sales from khadi industries are estimated to increase to
Rs 910 crore in 2009-10 from Rs 855 crore in the last fiscal.

"The total cumulative employment in the Khadi and Village
Industry sector is estimated to have increased to 1.02 crore
by the end of March 2009 as against 99.21 lakh by the end
March 2008," the report said.

The MSME sector is estimated to employ about 42 million
people in over 13 million units throughout the country. The
sector accounts about 45 per cent of the manufacturing output
and 40 per cent of the total exports of the country.

Bureau Report

First Published: Monday, July 20, 2009 - 23:09
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