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Suggestions on Incentives for Employment Generation in Manufacturing

Suggestions on Incentives for Employment Generation in Manufacturing
Start Date :
Nov 19, 2015
Last Date :
Dec 03, 2015
00:00 AM IST (GMT +5.30 Hrs)
Submission Closed

The Government of India is taking several measures for promoting the growth of the manufacturing sector in India. The Make In India campaign has been initiated with the view of ...

The Government of India is taking several measures for promoting the growth of the manufacturing sector in India. The Make In India campaign has been initiated with the view of driving investment in this sector by creating an environment suitable for sustained growth of manufacturing, which will lead to all-round economic benefits including employment generation and income growth. The Prime Minister’s Independence Day speech mentioning this can be seen here and his speech at the launch of the Make In India campaign can be seen here.

This requires a number of steps to be taken to ensure that investors are suitably incentivized for job-creation as well as participating in the skill upgradation of the labour force employed by them.

Suggestions received from various Ministries and other stakeholders during Government-level discussions in this regard can be seen here. These suggestions include financial incentives under the Income Tax Act, labour laws, tax incentives and subsidies for skilling of employees, upgrading and improving the employment exchanges, etc.

We invite comments regarding these ideas and suggestions regarding other incentives that can be provided by the government for employment generation in the manufacturing sector. Your suggestions may be provided in the comment box below or attached as a PDF. We request that the suggestions may be explained in sufficient detail with information about the implementation mechanism and the likely impact.

The last date for submission of the entries is 2nd December, 2015.

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Showing 223 Submission(s)
Balaji Venkatraman
Balaji Venkatraman 10 years 7 months ago
Automatic Business Funding Loan Approval for Ex Military officers ( Engineering ) for Producting Make In India Defence Products. Funding and Business Loans for Military Officers from Engineering Servcies can book the Make In India ( Defence Manufacturing )and also Generate more Manufacutring Jobs in Defecen Sector
Balaji Venkatraman
Balaji Venkatraman 10 years 7 months ago
Automatic MSME Loan Approval for Ex Services Man from Mudra Bank / Financial Instituations & Defence Make In India( Technical Trades from Armed Forices ) As the Ex Services Man from Technical Trades are highly skilled Providing Higher Levels of Loans at attractive Rate up to 50 Lakhs to 50 Lakh to 1 Cr can generate more than 10 Lakhs Jobs .. More imporatntly Ex Services Man comes with Discipline and Finanical Default is less .. This can be implemented just in 10 Days.
Balaji Venkatraman
Balaji Venkatraman 10 years 7 months ago
Automatic MSME Loan Approval from Mudra Bank / Financial Instituations for Ex Services Man from Technical Trades from Armed Forices . As the Ex Services Man from Technical Trades are highly skilled Providing Higher Levels of Loans at attractive Rate up to 50 Lakhs to 50 Lakh to 1 Cr can generate more than 10 Lakhs Jobs .. More imporatntly Ex Services Man comes with Discipline and Finanical Default is less .. This can be implemented just in 10 Days
Balaji Venkatraman
Balaji Venkatraman 10 years 7 months ago
Tax Incentives for Free Shipping and Packaging by E Commerce Companies ( SNAP Deal , FlipKart , Amazon etc ) for SME Products . Providing Tax Incentive to E Commerce Companies would attract E Commerce Companies to bring more SME products to the Market and that inturn generate more jobs
Balaji Venkatraman
Balaji Venkatraman 10 years 7 months ago
10 % Additinaol Corporate Tax Incentives providing SME Funding / SME Loans to Skilled and Qualified People by the the Large Finanical Instituations ( ICIC , SBI , HDFC , ICICI , LIC ) and Non Banking Financial Comapnies , and Large SEBI Listed Corproations like ( Tata , Mahindra etc ) .. Providing Additinal Tax Incentive for Finanical Institutations shall be bring together the large Companies which can Trian & procure SME products and Lagre Finnaical Instiutaitons for SME Fin
Balaji Venkatraman
Balaji Venkatraman 10 years 7 months ago
Automatic SME Loan Approval for SC/ST (NCVT / ITI and Polytechnic Cerfitied People with Mudrabank SME Loan Program ) : Generation of SME 5 ST /ST Lakhs Jobs per year with in 3 Years : Automated Loans Approavls for ST/ST Students ITI / NCVT Certified or 3 year Diplamo Polytechnic to Set up the SME Entities . This can generate additioanal 5 Lakhs Jobs with in 2 Years just due to reduction in the PRocess .. Also it would provide more confidance and skills for the Students.
Balaji Venkatraman
Balaji Venkatraman 10 years 7 months ago
Automatic Linking of NCVT / ITI and Polytechnic Cerfitied People with Mudrabank SME Loan Program : : Generation of SME 10 Lakhs Jobs with in 3 Years : Automated Loans Approavls for for ITI / NCVT Certified or 3 year Diplamo Polytechnic to Set up the SME Entities . This can generate additioanal 5 Lakhs Jobs with in 2 Years just due to reduction in the PRocess .. Also it would provide more confidance and skills for the Students.
Balaji Venkatraman
Balaji Venkatraman 10 years 7 months ago
Auto Workshops as Training Center for Skill Generation / Employement generaiton and Tax Incentives : India has more than 5 Lakhs Auto Workshops ( Car Autogragages ) Government of India Can announce branded Auto Workshop as a Trining Facility for Automoitve Engineeirng and Provide Tax Breaks to Auto Workshops per Certified Peopele ( Car Workshops and Bike Workshops ) .. This would not only generate Skills and Training and Employment but also provide incentive for Skill Generation
Balaji Venkatraman
Balaji Venkatraman 10 years 7 months ago
Auto Workshops : Indian has more than 5 Lakhs AutoWorkshops ( Autogragages ) Government Can make Branded Auto Workshop as a Trining Facility for Autombole Engineering and Provide Tax Incentive to Auto Workshops ( Car Workshops and Bike Workshops ) .. This would not only generate Training and Employment but also provide incentive for Skill Generation .
Balaji Venkatraman
Balaji Venkatraman 10 years 7 months ago
Tax Incentives for Procurement from SME as part of Public Private Partnership . As part of the Public Private Contracts ( BOOT and BOT Contracts) Government can mandate the SME Trainings and Procurment of SME Products in certain areas which shall acclerate SME and Jobs in Manufacturing .. For example Frequently Used Itemss & Consumbales ( Washers , Maintenance etc )