Question

What do you understand by Human Capital Formation? Highlight two initiatives each of Indian government to enhance health and education facilities.

Answer 1

When the existing human resource is further developed by becoming more educated and healthy, Human Capital Formation takes place. It adds to the productive power of the country. Just like the Physical Capital Formation.
Following are the two schemes introduced by the government to enhance health facilities in India:
(i) Integrated child development services.
(ii) Central government health schemes.
Following are the two schemes introduced by the government to enhance education facilities in India:
(i) Sarva Shiksha Abhiyan.
(ii) Mid-day Meal Scheme.