Funding Boost for Jharkhand's Labour, Industry and Skill Sectors

Funding Boost for Jharkhand's Labour, Industry and Skill Sectors.webp

Ranchi, March 10 The Jharkhand Assembly passed the budgetary demands of the labour, planning, training, and skill and industry departments by voice vote on Tuesday, with minister Sanjay Prasad Yadav asserting that the funds are essential for the welfare of workers and industrial development in the state.

Responding to issues raised during the debate on the cut motions for the budgetary demands, Yadav said that an investment of around Rs 20,000 crore would accelerate industrial growth and potentially create about 15,000 new jobs.

Addressing the House, the minister said that 3,89,568 construction workers have been registered so far in the 2025-26 financial year, adding that the government remains committed to their welfare.

He said that the government provides financial assistance to bring back the bodies of migrant workers who die while working outside the state or abroad.

"In addition, new assistance schemes have been proposed for workers stranded or deceased abroad," he said.

Highlighting initiatives to provide jobs to youths, Yadav said that 14,748 candidates have been selected through 302 recruitment camps and 95 job fairs organised across the state so far.

He added that the government is continuously working to connect youths with skill training and employment opportunities.

Referring to the achievements of the industry department, Yadav said that under the leadership of Chief Minister Hemant Soren, Jharkhand has established its global presence.

"Following the chief minister's participation in the World Economic Forum at Davos 2026, the state has received investment proposals worth Rs 1,24,230 crore," Yadav added.

The minister also informed that an investment agreement worth Rs 9,600 crore has been signed with Tata Steel, which will be a project based on green steel technology.

According to the minister, these investment proposals are expected to create more than 45,000 employment opportunities in the future.

Targeting the opposition, Yadav said that the pace of development had slowed over the past 17 years due to a lack of clear policy, but development had accelerated since 2019 under Soren’s leadership.

He also urged Jairam Kumar Mahato, MLA of Jharkhand Loktantrik Krantikari Morcha, and other members to withdraw the cut motion.

Following the minister’s response, Mahato withdrew the motion.

Earlier, Saryu Roy, MLA of Janata Dal (United), questioned the government over the absence of a clear manufacturing policy despite the state having around 40 per cent of the country’s mineral resources.

He also suggested periodical changes to the industrial policy in keeping with the changing times.
 
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construction workers employment opportunities green steel technology hemant soren industrial development industry department investment jharkhand assembly job creation labour department migrant workers planning department sanjay prasad yadav skill development tata steel training department
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