In a country of 125 crore people, the ratio of youth is about 60 per cent in the age group below 35 years. This is no small a figure and one can also imagine the potential of this population and this country. However, the potential needs to be harnessed and exploited. It cannot become real potential if it is not harnessed properly. Employment of youth in productive work is the foremost important task pending before the Government. It is true that states are making small or big effort to tackle this problem but as Finance Minister Arun Jaitley had said “despite the fact we have the Government, the public sector and private sectors and huge industrial sector that provide employment yet the truth is that they cannot employ all the youth who are standing in a queue for employment.” The Government cannot provide employment to one and all but the Government, in its capacity as premier consultative and advisory agency has to suggest means and ways of overcoming the scourge of unemployment. This is the reason why successive Governments at the centre have always laid great stress on skill development and entrepreneurship as the key to generating employment. The idea of harnessing human resource pool which is often referred to as demographic dividend is based on the premise that skilful human resource adds value to rest of the economic factors of production which catalyzes the growth in the economic output of a country. The economic output in turn improves quality of life which is among the prime indicators of a developed nation. Growing population makes sense only if it’s growing in quality as well. It should be skilful enough to not only carve its livelihood but also add value for the society at large. Unplanned, scattered and poor quality population growth will only add poverty, misery and burden for the State to run the show. Among other factors, the mismatch between populations’ skills and industry demands is what makes equation unsolvable leading to increased unemployment and sustained poverty in the economy. We need to understand that all students may not be able to qualify for entrance to engineering colleges in the country in different trades. However, those who cannot find admission are not to be left out and left uncared for. The Government needs to open technical institutes all over the country where training in a large number of skills is imparted to students both male and female so that they do not depend on Government employment. Self employment is really meaningful when a candidate is equipped with some skill or when a person has entrepreneurship merit which he can put to right use. Even for entrepreneurship, the Government has opened large number of institutes where training is imparted. Government provides scholarships, hostel accommodation and many other facilities to the prospective students. We need to inculcate the sense of self employment and self dependence among our youth and make them understand that the Government has limits and cannot go beyond these. It needs to be noted that Central Government has instituted a new Ministry called the Ministry of Skill Development and Entrepreneurship (MSDE) and almost one crore youth in the country are receiving training in various institutes under the ministry. This is a strong movement and we hope that a day will come when at least half of our youth below the age of 35 will be equipped with one or the other skill or will have developed expertise in entrepreneurship. The object of the scheme, as described by the Minister of Skill Development and Entrepreneurship is to develop entrepreneurship of the level that the trainees will have the capability of roping in others to be part of the entrepreneurship or in other words to provide employment to others through their skills and potential. This is a very useful and practical method of providing employment to the youth of the country.