Lok Sabha Question No. 2699 (UNSTARRED), answered on 2019-12-04
Subject: Industrial Production Index
Ministry: COMMERCE AND INDUSTRY
Asked by: Adala Prabhakara Reddy

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT FOR PROMOTION OF INDUSTRY AND INTERNAL TRADE

## LOK SABHA

## UNSTARRED QUESTION NO. 2699.

TO BE ANSWERED ON WEDNESDAY, THE 04 TH  DECEMBER, 2019.

## INDUSTRIAL PRODUCTION INDEX

## 2699.  SHRI ADALA PRABHAKARA REDDY:

Will the Minister of COMMERCE AND INDUSTRY be pleased to state:

वाणिज्य

## एवं उद्योग मंत्री

- (a) whether the Index of Industrial Production (IIP) is contracted on an year onyear basis;
- (b) if so, the reasons therefor;
- (c) whether there has been a second consecutive month of the dip of industrial output; and
- (d) the details of the steps taken by the Government to focus on informal sectors and rural income?

## ANSWER

## वाणिज ् य एवं उद्योग मंत्री ( श्री पीयूष गोयल ) THE MINISTER OF COMMERCE & INDUSTRY (SHRI  PIYUSH GOYAL)

As per the latest data available, the Index of Industrial Production (IIP) registered a growth rate of 1.3 per cent during April - September, 201920.  Global GDP growth is forecast at 3.0% for 2019, its lowest level since 2008-09 as per the World Economic Outlook of the IMF, October 2019.    However,  despite  this  global  downturn,  India  continues  faster

- (a) to (c) : (6.1%) than rest of the world, as per IMF.
- (d): The  production  of  industries  depends  on  several  factors,  such  as, domestic  demand,  demand  for  exports,  level of investment  and prevailing  prices.  Government  has  taken  various  steps  to  increase income of informal sectors and rural income  through schemes like:

Pradhan Mantri Mudra Yojana (PMMY) facilitates self-employment by providing collateral free loans upto Rs. 10 lakh, to micro/small business enterprises and to individuals to enable them to setup or expand their business activities.

Pradhan  Mantri  Shram  Yogi  Maan-dhan  (PM-SYM) .  Unorganized workers whose monthly income is Rs 15,000/ per month or less and belong  to  the  entry  age  group  of  18-40  years  are  eligible  for  the scheme. Pradhan Mantri Kisan Maan-DhanYojana (PM-KMY ) provides  minimum  fixed  pension  to  the  eligible  small  and  marginal farmers. Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) aims to provide  income  support  of  Rs.  6000/-  to  the  small  and  marginal landholder farmer families with cultivable land holding upto 2 hectare across the country.

Pt. Deen Dayal Upadhyaya Grameen KaushalyaYojana (DDU-GKY) scheme is a placement linked skill development programme for wage employment and covers rural parts of all the States of the country.

Deen dayal Antyodaya Yojana- National Rural Livelihoods Mission (DAY-NRLM) aims  at creating efficient and  effective institutional platforms  of  the  rural  poor,  enabling  them  to  increase  household income  through  sustainable  livelihood  enhancements  and  improved access  to  financial  services  through  Self  Help  Groups  (SHGs)  and federated institutions.

Pradhan  Mantri  Kaushal  VikasYojana  (PMKVY) enable  a  large number of Indian  youth  to  take  up  industry-relevant  skill  training  that will help them in securing a better livelihood.

ASPIRE is  a scheme for promotion of Innovation, Rural Industry and Entrepreneurship. It  was  launched  to  set  up  a  network  of  technology centers and to set up incubation centers to accelerate entrepreneurship in agro-industry.

Pradhan  Mantri  Rojgar  Protsahan  Yojana  (PMRPY) incentivizes employers for creation of employment. Under the scheme, Government  of  India  is  paying  Employer's  full  contribution  i.e.  12% towards  EPF  and  EPS  both  (as  admissible  from  time  to  time)  for  a period  of  three  years  to  the  new  employees  through  EPFO.  The beneficiaries registered upto31st March, 2019 will receive the benefit for 3 years from the date of registration under the scheme.

Prime Minister's Employment Generation Programme (PMEGP) is a credit linked subsidy scheme  and  has been generating self employment opportunities through establishment of micro entrepreneur in  non-farm  sector  by  helping  traditional  artisans  and  unemployed youth.

Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA) aims  to  guarantee  the  'right  to  work'  and  enhance livelihood security in rural areas by providing at least 100 days of wage employment  in  a  financial  year  to  every  household  whose  adult members volunteer to do unskilled manual work.

Ministries/ Departments/ States run skill development schemes across various sectors to improve the employability of youth and also facilitate placements. Schemes such as the National Apprenticeship Promotion Scheme  (NAPS)  wherein  Government  reimburses  25  percent  of  the stipend  payable  to  apprentices  also  enhances  employability  of  the youth to access employment. as and Urban Transformation, Housing for All, development and Industrial corridors

Besides these initiatives, flagship programmes of the Government such Make in India, Digital India,  Ease  of Doing  Business,  Swachh Bharat Mission, Smart City Mission, Atal Mission for Rejuvenation Infrastructure have the potential to generate productive  employment  opportunities  and  income  in  informal  sectors and rural areas.

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