CREATE SELF – EMPLOYMENT

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Dear Shri Jaitleyji :

I know that the Central Budget is already under printing and it is too late for you to make any changes at this stage.

But , nothing stops you from making ” STRATEGY ” announcements in your budget speech , such as :

”  This government will adopt a strategy of generating Self Employment , to provide meaningful work – and respectable income , to more than ONE MILLION jobseekers every month.

To 50 MILLION jobseekers in the next 50 months.

By getting banks to advance , small , low-interest loans to those 125 million poor persons , who have opened bank accounts under Jan Dhan Yojana

And , by abolishing Personal Income Tax altogether , for such Self Employed persons  , for all deposits made into these accounts for next 5 years ”

Reason is obvious :

It needs a fraction of the CAPITAL ( fixed + working capital ) to create a Self Employed job as compared to creating a job in Organized Sector ( Public or Private )

As you drive to the Parliament House on 28th morning , you will get to see on the road – or in those shops lining the road – , a lot of Self Employed persons .

What kind of CAPITAL ( in tools / machinery / Office – Factory space ) would be needed create each of those ” Jobs ” ?

Here are my guesses for investment and space requirement :

( What for ? / Office -Factory – home Space required ) :

*     Domestic Servants / Maids / Cooks……………………  Rs …   NIL

(  Nothing / Nil )

*     Unskilled Workers………………………………………..   Rs …   5,000

(  Simple Tools / Construction Site / Road-side )

*      Milk Vendors / Delivery Boys………………                 Rs…    5,000

(  Bycycle  /  operate from home  )

*     Pan-Bidi Gulla Owners……………………………………  Rs….    5,000

(  Stock in Dukaan /  25 Sq Ft footpath  )

*     Roadside Vegetable Vendors…………………………….  Rs…     2,000

(  Daily purchase + 25 sq ft of footpath  )

*     Carpenters / Electricians / Plumbers etc………………. Rs …..  2,000

(  Tools of trade / Operate from home  )

*     Tailors / Watch Repairers………………………………..  Rs ……5,000

( Sewing Machine – Tools / Home or 100 sq ft of footpath )

*     Hairdressers………………………………………………..  Rs…… 10,000

(  Tools  /  100 Sq ft of shop rental )

*     Rickshaw Drivers……………………………………………Rs……  50,000

( Rickshaw / Operate from footpath )

I am sure your Ministry has better figures for 200 similar ” Self Employed ” categories . Or you may want to ask NCAER / NITI Ayog / HRD Ministry etc

Now , how much CAPITAL will be required to create one ” EMPLOYED ” job ?

Once again , here are my guesses :

*  In MSME businesses / companies……………………. . Rs … 2 Lakh

*  In large Organized Sector companies…………………. Rs… 25 – 100 Lakhs

Do you see the logic ?

For ONE job in large / organized sector , you can create 5,000 Self – Employed jobs  !

One more thing :

How long does it take to create such jobs ?

>    In large organized companies………………………………. 3  / 4  years

>    In MSME companies………………………………………….  1  /  2  years

>    Self Employed jobs ( Skilling / Training Period )………..   3 / 6  months

Self Employment is the ONLY answer to avoid the fate of PIGS ( Portugal / Italy / Greece / Spain ) and a host of other , ” Advanced Economies ” – which borrowed BILLIONS of dollars from IMF / World Bank / Others   !

And now cannot pay back those loans  !

Dear Shri Jaitleyji :

We have neither time , nor the money to create ONE MILLION jobs every month in the organized sector

And we have promises to keep  !

I will be keenly listening to your Budget speech

with regards ,

hemen  parekh  /  Mumbai  /  22 Feb , 2015

www.b2bmessageblaster.com

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