State PCS - Madhya Pradesh (MP PCS)

• 04 Apr 2025

Aakanshi Yuva

Why in News?  

The Madhya Pradesh government has decided to give the status of 'Aakanshi Yuva' to the unemployed youth of the state. to motivate them towards self-employment and entrepreneurship. 

Key Points 

• About the Move: 
• According to the Minister of State, the aim of the Government is that the unemployed youth of the State should raise their aspirations for Government and non-Government jobs and they should actively participate in the job search by getting registered in the Employment Exchange.  
  • This step is to inspire those youth who can move towards self-employment based on their capabilities. 
• The number of unemployed youth in Madhya Pradesh is shown to be more than 29.37 lakh on the state's employment portal. 
• The state government is trying to provide employment to aspiring youth through self-reliance and entrepreneurship. 
• He also informed that through the Global Investors Summit, Madhya Pradesh has received investment proposals worth more than Rs 30 lakh crore, which is expected to generate employment for 21 lakh youth. 

Unemployment 

• Introduction: 
  • Unemployment refers to a situation where people who are able to work are actively looking for employment but are unable to find suitable jobs . 
  • An unemployed person is one who is part of the labour force and has the required skills but currently lacks gainful employment . 
  • Basically an unemployed person is one who is able to work as well as willing to work and is actively looking for employment . 
• Types of unemployment: 
  • Structural unemployment: This form of unemployment, rooted in the gap between the skills possessed by the workforce and the requirements for available positions , highlights systemic issues in the labour market. 
  • Cyclical unemployment: This is a result of the business cycle, where unemployment rises during recessions and falls with economic growth, reflecting the sensitivity of job availability to macroeconomic conditions. 
  • Frictional Unemployment/Transitional Unemployment: Also called transitional unemployment, which arises from the natural transition between jobs, this type refers to the temporary period that individuals spend searching for new employment opportunities. 
  • Underemployment: Underemployment, though not total unemployment, is a concept that refers to individuals working in positions that underutilize their skills or provide insufficient working hours, leading to a feeling of economic inefficiency. 
  • Hidden unemployment: Refers to individuals who are not actively looking for employment due to desperation or other factors, but may potentially enter the job market if conditions improve. 
  • Disguised unemployment: It arises because there are more workers working in a factory or on land than required. Hence productivity per unit of labour will be low.