Entrepreneurship As A Career Option

 Developed countries are moving from 'managerial' to 'entrepreneurial' economies. India as an emerging economy , is ensuring that entrepreneurship is encouraged as a career choice for the young.

A study Conducted in 2013 by the International School of Entrepreneurship Education and Development (ISEED) revealed that more than 87 per cent of the students surveyed , aspire to become an entrepreneur while about 90 per cent believe that the country is full of entrepreneurship opportunities.

ENCOURAGING   ENTREPRENEURSHIP

Entrepreneurship is the creation of value in creative ways or building solutions in a way that hasn’t been done before. Company leaders can encourage this type of thinking by simply allowing their people the space to try new ideas, and providing resources to see them through.

The government has sensed this shift and taken a number of initiatives to encourage the creation and growth of new ventures:  

  • Post the pandemic, the government of India is on a mission to build a strong startup ecosystem. For the support and benefit of entrepreneurs, the government has created a ministry that is dedicated to assisting new businesses and providing them with valuable expertise and other facilities in order to grow.  
  • Considering the fact that the country is offering various government schemes to promote entrepreneurship, now is the greatest moment to get your business off the ground and make your dream a reality. The Indian government has launched various plans and programs in recent years with the goal of assisting startups and promoting the ‘culture’ of entrepreneurship among Indians. 
  • Atma Nirbhar Bharat App Innovation Challenge:-  Of all the government initiatives in India, this scheme was meant to challenge young Indian tech developers to come up with innovative apps that would benefit Indians and people across the world.
  • SAMRIDH Scheme:- This stands for the Startup Accelerators of MeitY for Product Innovation and Growth and was launched by the then minister of electronics information and technology.  This scheme is designed especially to provide funding to startups along with helping them grow and become successful by bringing skill sets together. 
  • Start Up India Initiative:- The idea of this scheme is to increase wealth and employability to those wishing to start their own businesses but not having the means to do so. This is a long term project and the overall age for a startup to be eligible for this aid has been increased from two years to seven years.
  • ATAL Innovation System:- In order to create a promotional platform for academicians and draw upon national and international experiences to encourage the development of a culture of innovation, research and development, the ATAL Mission was founded and a substantial amount of funds were allocated to the same. 

CONCLUSION

In recent years, India has demonstrated to the rest of the world that it is unrivaled when it comes to developing large-scale tech solutions. The Aarogya Setu App, for example, was created in just 15 days and has over 130 million downloads in less than three months. The app was developed with active participation of Indian industry and academia. 

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