According to the 2009 India labor survey report, 46% of India’s young people were unemployed, and the results show the particular vulnerability to unemployment of youth who lack education and work experience. In addition to being unemployed, many youth are also under-employed in jobs that pay very low wages in the informal sector. Thus, a high percentage of India’s vulnerable youth suffer from both unemployment and absolute poverty.
Easing obstacles for youth-led microenterprises is crucial to creating more jobs. IYF implemented the Youth Livelihood, Entrepreneurship and Development (YLEAD) program through its local partner, Community Collective Society for Integrated Development (CCFID).
The Y-LEAD program consists of three primary components: industry-oriented skills training; business development support; and sustainable financial and market linkages.
The program will target 1,800 youth, ages 16-29, in Tamil Nadu and Pondicherry this year. It is anticipated that 3,000 youth will benefit through the program as employees of the young entrepreneurs.
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