India currently faces a severe shortage of well-trained, skilled workers. It is estimated that only 2.3 % of the workforce in India has undergone formal skill training as compared to 68% in the UK, 75% in Germany, 52% in USA, 80% in Japan and 96% in South Korea. Large sections of the educated workforce have little or no job skills, making them largely unemployable.Infact, many an industry reports have been time and again pointing out that almost 70% of the engineering students are not employable. To add on to the demand supply gap, there are over 65% of the students who quit education after 12th Standard.
Presently only 2% of the total workforce in India has undergone skills training. However, the more gloomier picture is, even after getting skilled there are plethora of candidates who are neither been able to find a suitable livelihood nor upgrade their standard of living. Skill gap is a challenge in our country. However if it is not linked to livelihood, it would become an even bigger challenge.
Imagine a country with a population as large as 1.2 billion; many of them skilled but without a livelihood linkage, that’s a scary picture.
We as a catalyst to bridge the skill gap, need to pick up the livelihood linkages in a big way. Livelihood could be either a wage employment or a self-employment, however needs to be a value add to the society and the individual. In line with the same thought, we have been providing guidance to the youths with regards to various government schemes available for self-employment. In many a cases, we have had local tie-ups with the local funding agency so as to enable the livelihood of the individual.