The Entrepreneurship Education in India.

Dr. Tushar Chaudhari,Assistant professor,

Seth Kesarimal Porwal College, Kamptee

Objectives

To study significance of entrepreneurship education in India

To study the status of entrepreneurship education in India

To suggest effective measures to improve the quality of entrepreneurship education in India.

Introduction The role of education in producing the

entrepreneurs is enormous. The entrepreneurship creation process through education depends upon the quality of education and presence of environment encouraging innovation.

job creation and economic development; strategic adjustment/realignment; deregulation and the privatization of

public utilities and state-owned enterprises.

Significance of Entrepreneurship Education in India

The youth population in the age- group 15-24 years has augmented from 195 million in 2001 to 240 million in 2011.

This might also translate into workers having more self-determination in choosing their careers, rather than be forced to work because of family circumstances, caste affiliation, or lack of a social safety network.

The university education system has vital responsibility in directing this massive young population for betterment of their life as well as betterment of society as a whole.

If India want to enhance its economic growth it has to give passable employment opportunity to its people. This amount of employment and other social welfare can only be provided by entrepreneurs.

Significance of Entrepreneurship Education in India

Most of the university programmes are centered in upbringing the wage earning professionals. This customary approach has been criticized on the ground of escalating unemployed people, over qualified students having less viable knowledge.

Entrepreneurship education in India

All the universities specially management faculties including IIM are making an conscious effort to promote entrepreneurship among their students.

The University Grants Commission (UGC) has circulated curriculum for promoting entrepreneurs at under-graduate level to all the universities. Similarly, All India Council for Technical Education (AICTE) has been promoting Entrepreneurship Development Cells (EDCs) in engineering and technology colleges.

Types Entrepreneurship Education Entrepreneurship orientation and

awareness programmes which focus on general information about entrepreneurship and encourage participants to think in terms of entrepreneurship as a career.

New enterprise creation programmes designed to develop competences that lead to self-employment, economic self-sufficiency or employment generation.

Programmes that focuses on small business survival and growth.

Entrepreneurship Education

Basic questions related to entrepreneurship education in India

Whether teaching should be for entrepreneurship or about entrepreneurship?

The foundation of teaching – whether it should be based on management theories or on some not-as-yet-defined theory of entrepreneurship ?

The situating of the education – should it be placed within the secure context of the university auditorium or in small firms, or somewhere in between academia and practice ?

Whether students should work individually (the heroic Schumpeterian entrepreneur) or collectively (the entrepreneurial network entrepreneur). How the substance of what is taught is formulated ?

Whether entrepreneurship is conceptualized as an art or a science?

Institutes engaged Entrepreneurship Education programme

Government institutions

Academic and training institutes

Banks and financial institutions

Industry associations

NGOs

Suggestions Nullify the research gap between academic

syllabi and practical requirements. Unemployment: Especially among the youth Rural-Urban balance: Inequitable distribution of

opportunities and amenities Industrialization: Move from agrarian economy

to industrial society.Capital formation: Ensure that capital reaches

the hands of the competent and prepared entrepreneurs.

Labor utilization: to motivate trainees to become employers or become skilled employees.

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