The Ministry of Labour and Employment (Santosh Gangwar) is to fast track the National Employment Policy (NEP). The main idea of framing the NEP is to make-up a road map that will provide incentives for employment generation. National Employment Policy 2020

Notes

The National Employment Policy will aim at absorbing additional 5 million workforce every year. Also, the policy will focus on formalizing 500 million workforce in the nation. It will also ensure social security and job security for them.

The policy will Plan a road map to provide incentives for employment generation. Also, the policy will focus on the challenges thrown by the COVID-19 crisis.

Objectives

The National Employment Policy (NEP) is to be framed focusing on twin objectives as follows

To attract new enterprises and industries to generate employment opportunities
To improve the skill set of existing work force and make them employable. This will also help in India gearing up to attract companies from China to set up manufacturing units in India. National Employment Policy 2020