Minimum Support Price(MSP) The Minimum Support Price (MSP) is the price at which the government purchases crops for the farmers, to insure farmers against any sharp fall in farm prices. MSP is the guaranteed amount paid to farmers when the … Continue reading →

Government Initiatives to deal with Unemployment Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) To provide guaranteed employment to rural households for at least 100 days in a financial year. Pradhan Mantri Kaushal Vikas Yojana (PMKVY) To provide skill training … Continue reading →

Causes of Unemployment in India Demographic Factors: Large and Growing Population: India’s population is massive and continues to grow. This creates immense pressure on the job market, with the number of job seekers often exceeding available opportunities. Skill Mismatch: Education … Continue reading →

Unemployment Definition The International Labour Organisation (ILO) defines an unemployed person  as being unemployed for a given week; being available to take a job within two weeks; having actively sought a job in the last four weeks or having found … Continue reading →

Causes of Poverty Limited Livelihood Opportunities: Lack of access to quality education, skill development, and decent jobs restricts income generation potential, trapping people in poverty. Social Inequalities: Caste, gender, religion, and other social factors can create barriers to accessing education, … Continue reading →

Poverty Poverty is a state or condition in which one lacks the financial resources and essentials for a certain standard of living. Classification of Poverty Absolute poverty Also known as extreme poverty or abject poverty, it involves the scarcity of … Continue reading →