How the growth of self-employed entrepreneurs is a bitter-sweet success

While the distribution of self-employed entrepreneurs could be a bit better, their growth in the face of falling formal jobs is a redeeming feature - a bitter-sweet success

Prime Minister Narendra Modi has often emphasised the importance of entrepreneurship. Entrepreneurs do not make a claim on a job available in the labour market but, they provide jobs to others who are in the labour markets looking for jobs. A sufficient increase in entrepreneurs could solve the problem of lack of jobs.

In this respect, the government has floated several schemes to promote entrepreneurship. There are three schemes under MUDRA — Shishu, Kishore and Tarun. Then there is Stand-Up India and Start-Up India.

Even schemes such as Prime Minister’s Employment Generation Programme, Deen Dayal Upadhyay Grameen Kaushalya Yojana and