Each year , India adds 12 million youth to its
work-force
Only 2 million get jobs , leaving 10 million to fend
for themselves
Eking out a " subsistence living " , these 10
million are euphemistically called,
> Self
Employed
> Start-Ups
>
Entrepreneurs
There is an urgent need to go beyond rhetoric / lip
service / tinkering , to empower them , to become REAL entrepreneurs
I have explained how this can be done in my earlier
blog :
THE NEW ECONOMIC ORDER / START UP ACT , 2015
( read at.....hemenparekh....in > blogs )
Some naysayers are bound to say :
" But entrepreneurship cannot be taught
Either it is
in your blood or it is not "
Then they will try to support their argument by citing
Bania communities
Accepting this argument , would be a defeatist attitude
!
Here is how we can produce a generation of
ENTREPRENEURS , 5 years from now ( if we start NOW ) :
* Introduce
" Entrepreneurship " as an mandatory subject in High Schools
and Colleges
* Each such
School / College to be " Adopted " by a Corporate ( CSR ? )
* Each adopting
Corporate will bear the full expense of running this
course (
Teachers' Salaries etc )
* Such expense
to be tax-exempt ( or offset as Corporate CSR obligation )
* Exams to be
in the form of presentation by teams of final year students
on,
" HERE IS A BUSINESS I PLAN TO
START "
* Presentations
to be judged by Panels of Venture Capitalists / Angel
Investors /
Incubators etc
* Winning teams
( 1st / 2nd / 3rd prize ) , to be offered
funds by the
Panel
Members ( as seen in some TV programs )
Fund amounts
should be small ( Max Rs 100 lakhs ) and preference to
be given to projects
involving healthcare / education / manufacturing /
agriculture
/ food processing etc
* Winning Teams , setting up Start Ups with
these VC funds , to be
encouraged
to hire graduating students from the non-winning teams
This "
encouragement " to be in the form of reimbursement of salaries of
such hires ( only such hires ), under " Employment Generation Subsidy "
from
concerned State Government , where this Start Up gets registered ,
since ,
employment is a State Subject
Such Salary-reimbursements
will be for first 3 years of Start Up
To create an entire GENERATION of ENTREPRENEURS , we need to start
at the roots
Some years later , when this FIRST generation becomes
parents of their own 10 year olds , those SECOND generation youngsters will
have entrepreneurship in their genes !
This is one way of preparing a GM ( genetically
modified ) Generation , to which , there ought to be all round support
-----------------------------------------------------------------------------------
hemen parekh
20 Oct 2015
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