Maharashtra’s total unemployment rate, among people in the 15-59 years age group, stands at 3.6 percent in FY24. Interestingly, unemployment rate is high in urban areas, and highest among urban women in Maharashtra.
If we consider a younger population—in the 15-29 years age group—the unemployment rate is higher at 10.8 percent in FY 24. And a more worrying trend shows that unemployment rate is the highest among graduates (11.3%), followed by postgraduates (8.3%) and those with diploma/certificate courses (7.0%).
Even though Maharashtra’s Literacy Rate (87.3%) is higher than the national average—with a little over half the state’s people (aged 15 years and above) receiving at least secondary level education, unemployment has been consistently high among graduates.
While announcing the state Budget in July this year, Shinde had allocated Rs 5,500 crore on an internship scheme for unemployed youth. “The government will extend Rs 6,000 to those who are 12th pass, …