MiDAS Automating Unemployment Benefits Shikhar Ghosh Shweta Bagai 2024 Case Study Solution

MiDAS Automating Unemployment Benefits Shikhar Ghosh Shweta Bagai 2024

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As the world moves forward, unemployment is becoming an increasingly important issue globally, but the challenges of addressing the problem can be daunting. In India, with a massive labor force, but a lack of job opportunities for most, unemployment and underemployment continue to be a big challenge. In 2020, during the COVID-19 pandemic, the unemployment rate in India had increased to 8.1%, with the number of job losses in sectors like hospitality, tourism, and aviation

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In India, the economy faces an unemployment challenge that is unsustainable. Many young people are not joining the workforce due to the lack of job opportunities, which, in turn, limits growth. Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) was launched in 1990 with an aim to provide jobs to rural families in the absence of employment opportunities. Since then, it has been one of the most effective unemployment benefit programs worldwide. However, there are issues with the

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One day, I got a call from my friend Shikhar Ghosh, who runs a company in the technology industry. He informed me that Shweta Bagai was in trouble. Shweta Bagai’s parents have been struggling to pay off their debts, and they had been unable to maintain their home. Shikhar told me that his daughter was struggling to work, and they were unable to afford her bills. He told me that he was willing to pay for Shikhar’s bachelor’s degree, but he needed a job. After I

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A few months ago, we published a piece about how MiDAS (Multiple Insurance Deployment Strategy) automating unemployment benefits in Kerala and Andhra Pradesh. This was another milestone in the right direction in the state of Kerala. MiDAS, is a model used by the state government to provide a unified insurance service to people with disabilities and handicapped people. visit this web-site In simple words, MiDAS is a unique insurance coverage scheme designed for people with disabilities, which aims to provide them with

Problem Statement of the Case Study

In the context of digital transformation, unemployment benefits are crucial in keeping people’s families safe and economically strong. However, accessing these benefits can be a daunting task for most people, leading to financial burdens on individuals, and even a life of hopelessness. MiDAS—the mobile Internet Dashboard Agency, an India-based mobile app, aims to solve this problem by using Artificial Intelligence and Machine Learning to automate the process of providing unemployment benefits. Achieving this dream involves setting a high bar.

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In India, every year, there is a growing number of jobless people. According to the MCA, a staggering 250 million jobs were created in 2020, and the unemployment rate in India stands at a staggering 8.3%. But that’s not all, the situation is even more alarming when it comes to the country’s poorest population of jobless people. According to a report by the National Sample Survey, over 23% of India’s population is without jobs. To