EMPLOYMENT GENERATION THROUGH ENTREPRENEURSHIP

Employment Generation through Entrepreneurship 

There has been a substantial growth in our higher educational system all over the country. Around three million student graduate per annum  from 300 universities. However, our employment generation system is not in a position to absorb the graduates passing out from the universities leading to an increase in the educated unemployed in the region year after year. There is a large mismatch between the skill required for the modern economy, and the education imparted to most of these student. In addition, economic growth and investment have not kept pace with the availability of human resources. This situation will lead to instability in the social structure. We need higher education that focuses on and is oriented toward high value and productive employment opportunities.A three-pronged strategy is needed that make education more attractive, imparts skills and generates employment potential in an individual. How do we do that?

   Firstly, the educational system should highlight the IMPORTANCE OF ENTREPRENEURSHIP and student during the college education should be oriented toward setting up of the enterprise which will provide them creativity, freedom and ability to generate wealth. It should be taught to all the student, that diversity of skill and perseverance in work makes an entrepreneur. In addition, college syllabi for arts, science, and commerce courses should include topics and practicals for entrepreneurship training.

   Secondly, the banking system should provide venture capital, from the village level to the prospective entrepreneurs of undertaking new enterprises.

                                                                                                                                                      

 Thridly, there has to be an economic pull for human resources; for example, the generation of marketable product and enhancement of purchasing power among the people through the implement of national mission.

   The educational institution, government and the private enterprises should become facilitators for creating entrepreneurship schemes the support of the banking system and the marketing system. Entrepreneurs have to produce competitive product for becoming successful in their mission. I am sure that in this way the capacities of many graduates, will be built for becoming entrepreneurs and being employers rather than the employees.