Page 27 - February-March-2017

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Scandalous results of Modi’s

game-changer package

Just like many other flopped ideas by the Modi After seeing such a failure of the scheme it is no
administrations the special package for the textile more admirable if the scheme’s objective was very
and garment sector has got not event near to any ambitious and was to achieve a cumulative increase
consideration or success. of $30 billion in export of textiles and garments
and R74,000 crores investments in the
Though appreciated by many and welcomed by chief employment-intensive sector in the time of
economic adviser Arvind Subramanian, who believed 3 years.
that it is a potent tool for creation of decent jobs, the
special package for the textile and garment sector After reviewing the achieve statistics the ministry
unveiled by the Modi government in June last year officials are trying to defend the worth of decision
failed to do well on the runway. The excuse provided and giving random statements to prove the potential
for this result is the fresh enrolments from the sector of the project but the market situations claims
under the employees provident fund (EPF) scheme. something entirely different than what is stated by
these experts. Some of the reason for the failure is
Despite of the fact that government took and said to be the incompatibility of the software between
undertaking that it will bear the entire 12% employer’s the credentials of the employee, as provided by
contribution to the retirement fund for the first three employer, and her Aadhaar card details would
years, and is really an important part of the decision, automatically reject the enrolment. The officials also
there were only 1,075 new workers who enrolled said that “The ministry has now asked the UIDAI
under the scheme, in the time to more than 8 (Unique Identification Authority of India) to enroll new
months. This 12% of the employer contribution was employees whose credentials match up to 80% as
against 8.33% for other sectors under the Pradhan provided by the employers,” further added is that “A
Mantri Rozgar Protsahan Yojana. lot of cases are under examination now.”