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Picture credit: Stuti Shrivastava |
Entrepreneurship is the pursuit of creating, managing, and
scaling a business by taking calculated risks, and being innovative.
With recent developments in our economy, we have seen a surge in
this professional adventure, and many of them transformed into UNICORN
companies, in turn transforming the lives of countless youth.
And when there are Youth Involved, so will be U-Report. A recent
survey by U-Report India (with sample size of 6715 youth pan India between
the age of 15-30, 67% Male and 33% female) suggested that 42% of people have
no clue about entrepreneurs in India. |
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The high engagement regarding entrepreneurship can be seen between the age group of 20-24 with 58%. |
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What is
the biggest constraint in becoming an entrepreneur? Following factors came out through polls:
This clearly suggests
that there is a requirement for adequate coaching and guidance in the
field of entrepreneurship. |
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The Indian
government has launched various schemes to support entrepreneurship in
different states of India. Some of these schemes include: 1.
Prime Minister’s Employment Generation Programme (PMEGP): This scheme
aims to generate employment opportunities in rural and urban areas by setting
up new self-employment ventures, projects, or micro-enterprises. 2.
I-MADE programme: This programme aims to assist Indian
entrepreneurs in creating 10 lakh (1 million) mobile app start-ups. 3.
MUDRA Bank’s scheme (Pradhan Mantri Mudra Yojana): This scheme
provides micro-finance and low-interest rate loans to entrepreneurs from low
socioeconomic backgrounds. 4.
Entrepreneurship and Skill Development Programs:
Institutions such as Entrepreneurship Development Institutes (EDIs), NIMSME,
NIESBUD, IIE, MSME-DIs, EDIs sponsored by State Govt., and other suitable
institutions of repute are provided with need-based Government grants. Different
states have also taken initiatives to promote entrepreneurship. For example,
the government of Karnataka is aiming to make Karnataka the IT innovation and
startup capital in the world by drafting a new Startup Act. Similarly, the
government of Kerala has decided to invest 1% of the state’s budget
(approximately INR 500 crore) in nascent startups of the state.
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Picture credit: Shabnum Sayeed |
Source: https://india.ureport.in/opinion/3229/
Author: Diksha Soni
