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DAILY PRELIMS BOOSTER 13th JANUARY 2022

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    DAILY PRELIMS BOOSTER 13th JANUARY 2022

    Unemployment Rate: The unemployment rate is the most frequent measure of unemployment. The unemployment rate is the number of people unemployed divided by the working population or people working under labour force.

    Unemployment rate = (Unemployed Workers / Total labour force) × 100.

    Labour Force Participation Rate: It is defined as the percentage of persons in the labour force i.e. working or seeking or available for work) in the population.

    Gender Budgeting: GB is concerned with gender sensitive formulation of legislation, programmes and schemes; allocation of resources; implementation and execution; audit and impact assessment of programmes and schemes; and follow-up corrective action to address gender disparities. A powerful tool for achieving gender mainstreaming so as to ensure that benefits of development reach women as much as men. Does not seek to create a separate budget but seeks affirmative action to address specific needs of women.

    Start-up India: is an important government scheme that was launched on 16th January 2016 with an aim to promote and support the start-ups in India by providing bank finances. The Startup India scheme is based majorly on three pillars which are mentioned below: Providing funding support and incentives to the various start-ups of the country, To provide Industry-Academia Partnership and Incubation, Simplification and Handholding.

    Stand-up India: aims at providing people belonging to the scheduled caste or scheduled tribe or women of the country a loan between Rs.10 lakhs to Rs.1 crore, based on their requirement. The aim is to promote entrepreneurship among them. Under the scheme, 1.25 lakh bank branches would each be expected to lend money every year to at least one Dalit or tribal entrepreneur and one woman entrepreneur in their service area.

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