As many as 514 million person-years of employment were generated between 2014 and 2024 by the Modi government, SKOCH claimed in a report. SKOCH treated 260 person-days as one-person year.
At least 51.4 million person-years of employment on an average every year has been generated since 2014, said the SKOCH Report on “Employment Generative Impact of ModiNomics: The Paradigm Shifts”.
“We have studied credit-led interventions and government-led interventions during the period 2014-24. While credit-led interventions added 31.6 million employment on an average per year, government-led interventions have added 19.8 million employment,” said Sameer Kochhar, chairman, SKOCH Group.
The current study also claimed that that micro-loans were being used to generate employment that was steady and stable. It also tooks into account 12 central schemes, viz, MGNREGS, PMGSY, PMAY-G, PMAY-U, DAY-NULM, RSETI, ABRY, PMEGP, SBM-G, PLI’s, PM SVANidhi. SKOCH Group studies have shown that Credit Gap has fallen 12.1% during the past nine-years, it stated adding that it has also shown a positive correlation between a reduction in Credit Gap, reduction in multidimensional poverty and an increase in NSDP.