Post VRS Employees of PSU in Bangarpet and KGF-Non Farm Sector

Abstract

Our life and sustenance the employees of the nation, our unsung heroes the public sector undertakings almost lapsed from our memories. From 1930’s to 1990 they were the life and soul of the nation. But ever since the 1991 introduction of the New Industrial Policy and thereafter consecutively the privatization and disinvestment of central and state public sector undertakings the introduction of the golden handshake ,Voluntary retirement scheme(VRS) took place for the last three decades. Post VRS the employees of beml Public sector undertaking were taken for study. The study found that post VRS most of the employees had their own houses. A portion of their house was used to conduct business. Business such as selling Knick knacks which is selling different goods such as papads curry powder, bread, soft drinks, milk, curds and spices, ice cream parlours, vegetable and fruit stalls, Puncher shops, Tailoring shops and Flower shops. The sample size taken was one hundred and fifty and stratified random sampling was carried out with the help of a questionnaire. Interview method was followed and research methodology used both primary and secondary data. For data analysis percentage method followed. The findings showed that though it was a capital light business the returns per month was around Rs.10,000 to Rs,15,000.To conclude post VRS these employees were able to sustain themselves fairly well.