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THEME PAPER

Fig.: Maslow’s Hierarchy of Theory
Source: Satpathy Tridibesh (2017) A Guide to SCRUM Body of Knowledge, 2017, SCRUM Study, VMEduInc., Arizona

different levels. These start with for their active engagement benefit 30 lakh workers.
physiological needs and then by the urban local bodies and Scheme C targets employers,
progressively move up to other private sector partners. reimbursing up to Rs 3,000
kind of needs, viz. emotional, per month of employers’
social, psychological and self- The budget recognises that contribution to the EPFO
actualisation. only pathway for prosperity for two years. The workers
is providing the young must be new contributors
Engaging the Youth people with jobs and skills. to EPFO and have a salary
Urban vision seeks to respond The budget has launched below Rs 1 lakh/month. This
to immediate priorities, employment linked incentive is expected to benefit 50 lakh
issues, while keeping in stride schemes over five years. new workers. The number
long-term transformations. It Scheme A will provide one of beneficiaries projected by
may not be possible to engage month’s salary as an incentive these schemes is 290 lakh.
the entire youth population. to first time employees The internship programme
Even engaging only 2 to 3% of entering the formal sector is voluntary but the stipend
youth population (i.e. 1 crore), and registering with the subsidy and freedom for
can bring about an urban Employees Provident Fund employers to use CSR funds
revolution of new ideas, Organisation (EPFO). This will attract the young persons
technology and innovations. will be up to Rs 15,000 in with benefits like faster hiring,
The youth today is much better three installments. This is to lower attrition, and higher
exposed to urban innovations be expected to benefit 210 productivity. The principles of
taking place across the globe. lakh employees. Scheme B making internship programme
What they need is facilitation, aims to help create jobs in effective, scalable, and
some compensation, manufacturing. It provides sustainable include learning
motivation, and guidance. EPFO incentive linked to by earning, learning by doing,
The Government of India in the scale of hiring to both learning with qualification
its budget 2024-25 has floated employers and employees modularity, learning with
an idea of internship, which over the first four years flexible delivery and learning
can provide a springboard of new hiring. It aims to with signalling value.

October, 2024, Volume 25. No.1 - SHELTER 29