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Dhaka Tribune

Regulatory steps for employment generation need to be simplified

Financial institution division secretary tells PKSF seminar

Update : 16 Nov 2019, 11:50 PM

Stating that the country's overall regulatory steps for employment creation are unfavorable for job or self-employment seekers, a top official of the government said yesterday, stressing on the need for their simplification.  

"I have seen that the credit policy of Karmasangsthan Bank is highly complicated. The same is the case with other government institutions. They need to be simplified to serve the purpose, which is employment creation," senior secretary to Financial Institution Division Md Ashadul Islam said.

He was addressing a seminar titled "Employment Generation in Rural Bangladesh in the Context of Technological Advancement" at BICC in Agargaon in the capital. 

Palli Karma-Sahayak Foundation (PKSF) Chairman Qazi Kholiquzzaman Ahmad chaired the seminar while prime minister's economic affairs adviser Mashiur Rahman was chief guest.  

In the keynote paper, Institute for Inclusive Finance and Development Executive Director Mustafa K Mujeri portrayed the gloomy scenario of unemployment in the country. 

He said the number of employed population more than doubled from 27.9 million to 60.8 million between 1984 and 2017.

"But, the number of unemployed also rose significantly with current number being 2.7 million," he said, noting that the country had no specific target of generating employment in 2025, 2030 and beyond.

He said the number of unemployed people was relatively high at the tertiary level as their primary orientation was to get a job. "They look for job only and don't want to be an entrepreneur," he added.

Mujeri said the fourth industrial revolution (4IR) would bring an unprecedented pace of technological change in the coming years, which would require high skills for the large number of unemployed people to enter the job market.

He said the agriculture sector needed to be modernize with interventions of the latest technology in firming to processing for ensuring quality of produces.

M Sattar Mondal, an emeritus professor of Bangladesh Agricultural University (BAU) in Mymensingh, said the technological intervention in agricultural sector would create strong backward and forward industries.

"Local companies have potential to grow and reduce dependence on import," he said.

He observed that technology and skills together would create employment, increase productivity, and ensure quality of produces.

Research Director of Bangladesh institute of development studies, Binayak Sen said small towns and suburban areas needed higher investment in order to keep pace with development and economic growth. 

He said female participation in employment also needed to be raised.

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