Why in the News?

Chhattisgarh, with its cultural richness and natural resources, is starting an industrial path with the 2024-29 policy.

This plan is part of “Amritkaal: Chhattisgarh Vision@2047” to grow self-sufficient.

CASE STUDY: “Amritkaal: Chhattisgarh Vision@2047

This policy introduces special provisions for marginalized groups, including surrendered Naxals, women, and the third-gender community. This inclusivity aims to empower these groups socio-economically.
Specific packages are designed to support entrepreneurship among these communities through training and financial assistance, facilitating their integration into mainstream society.
The ‘Amritkaal’ policy classifies development areas into three groups based on their industrialization levels, ensuring that incentives are targeted towards backward areas to promote balanced growth across the state.
- Focus on Sustainable Industries: There is a strong emphasis on promoting pollution-free industries, particularly in electric vehicle manufacturing and environmentally friendly products, ensuring sustainable growth.
- Support for Start-ups: A dedicated fund of ₹50 crore has been allocated to support start-ups, encouraging innovation and entrepreneurship throughout the state.

For Targeted Training Programs: Implementing skill development initiatives tailored for marginalized groups can help them acquire the necessary skills for self-employment and entrepreneurship.
For Financial Assistance and Subsidies: Providing subsidized loans and financial incentives can lower barriers for starting new businesses, especially for women and the third-gender community.
For Establishment of Industrial Corridors: Developing industrial corridors can enhance connectivity and create a conducive environment for industries to thrive, leading to job creation and economic diversification.

Reduced Dependency: Self-sufficiency allows communities to rely less on external resources, making them more resilient to economic shocks and fluctuations in global markets.
Local Job Creation: By fostering local industries and entrepreneurship, self-sufficiency contributes to job creation within communities, enhancing overall economic stability.
Sustainable Growth: Emphasizing sustainable practices ensures that economic growth does not come at the expense of environmental degradation, promoting long-term stability.

Government: The government plays a crucial role by formulating policies that provide incentives and support for industrial development. It also facilitates training programs and infrastructure development.
Local Businesses and Entrepreneurs: Local businesses contribute by creating jobs and stimulating the economy. Entrepreneurs drive innovation and respond effectively to local market needs.
Community Organizations: NGOs and community organizations can assist in identifying the needs of marginalized groups and facilitate access to resources such as training and financial assistance.

Integrated Community Development Programs: Establish comprehensive programs that unite training, financial assistance, and mentorship specifically for marginalized groups.
Public-Private Partnerships for Infrastructure Development: Encourage collaboration between the government and private sector to develop industrial corridors and infrastructure that facilitate economic activities.

Q Can the strategy of regional-resource-based manufacturing help in promoting employment in India? (UPSC IAS/2019)