JJEM: Special Edition 4 (May 2025)
JJEM: Special Edition 4 (May 2025)
2025-05-31
Role of Education, Empowerment and Policy Initiatives in Shaping Youth Entrepreneurs in Karnataka: A Study
Mr. Ramachandrappa B. M., Dr. Giridhar K.V.
Unemployment and poverty are significant issues in India due to the growing population and lack of entrepreneurial education. Entrepreneurs and entrepreneurship are the pillars of every nation's economy, forming the foundation on which economic prosperity is built. The youth of a nation represent the most probable source of future entrepreneurs, serving as a valuable asset to society. However, many universities focus on providing traditional or theoretical education instead of job-oriented learning. Many youths graduate from different streams but lack the necessary skills to start and manage ventures effectively. Nowadays the attitude of the youth has shifted, with many aspiring to become entrepreneurs due to factors such as family economic conditions, the need for employment, social recognition, personal motivation, expanding market, government policies and schemes, as well as awareness and training programs. To combat unemployment, the Government of India established the Ministry of Skill Development and Entrepreneurship, which plays a key role in addressing the mismatch between the demand and supply of skilled labour. Through its policies, schemes, and Entrepreneurship Development Programs nationwide, the ministry aims to strengthen vocational and technical training systems, enhance skill development, foster innovation, and prepare the workforce for both present and future job opportunities. Similarly, the Government of Karnataka adopted a proactive approach in 2016 by establishing the Skill Development, Entrepreneurship, and Livelihood Department to address the state's skilling needs. This initiative aims to equip the youth of Karnataka with employable skills as part of an ambitious mission to enhance their livelihood opportunities. The present study focused on the role of education, particularly entrepreneurship education, in empowering youth through various policies, schemes, and program initiatives aimed at fostering their sustainable growth and enabling them to become successful entrepreneurs in the country. The study recommends that policymakers, non-governmental organizations, and the government revise and update policies and schemes to promote entrepreneurship while enhancing entrepreneurship education. This alignment with the evolving business environment aims to empower youth, strengthen national security, and foster economic development, ultimately contributing to the nation's sustainable growth.
Youth Entrepreneurship, Education, Empowerment, Government policies and Schemes