How to start your own student entrepreneurship project
India’s government wants to encourage more students to take on jobs that offer them a chance to work on their own, but they’re still limited by the lack of suitable training.
In fact, the government is considering putting a new requirement on universities to offer a minimum of three years of training.
This is despite a growing number of students taking on work-based entrepreneurship, often through peer-to-peer platforms such as Airbnb.
In 2017, there were more than 3.8 million students undertaking self-employment in India, according to a 2017 report by the World Bank.
These types of platforms allow students to build businesses on the side, often without the support of a formal business school.
And there are now several platforms offering job-seeking programs for those who want to become entrepreneurs.
“The lack of vocational training in India is a major obstacle for students taking part in self-employed activities, especially those coming from rural areas, said Pankaj Bhushan, executive director of the Association of Indian Entrepreneurs.”
A large part of the problem is due to a lack of formal education,” he added.
The government wants universities to introduce a three-year training requirement for students to pursue entrepreneurship projects.
According to the government’s latest report, there are currently more than 10,000 students studying self-learning entrepreneurship in India.
But these are just a few examples of how some students struggle to get into the industry, and many have a hard time finding mentors.
In 2016, the National Human Resource Development Authority (NHRA) said nearly 1.8 crore students across the country are pursuing vocational education, but only 6,000 of these are employed in the sector.”
Most students fail to get jobs in the private sector, which can affect their aspirations of going into higher education,” Bhushon said.
A lack of accessTo the job market, it’s crucial for students who want a degree to study in the industry to get a job, he added, noting that students who have to work for a living often struggle to find work.”
Students who are looking for jobs are not likely to pursue the study of business,” Bhashon said, adding that the lack a formal training also contributes to students’ lack of confidence in the business world.”
We need to address the issue of education, so students can get jobs,” he said.
There is no reason why universities can’t create a standard of higher educational training,” Singh added.”
In order to be competitive, the cost of higher education has to be kept low,” said Ashok Singh, director of education at the Centre for Development of Knowledge, an organisation that tracks education levels.
“There is no reason why universities can’t create a standard of higher educational training,” Singh added.