Abstract:
Entrepreneurship is accurately considered a robust engine for a
country's socio-economic development. In tune with the clarion call of
'Atmanirbhar Bharat' by the Prime Minister, Indian Society is poised
to move in the direction of being 'Atmanirbhar' or self-reliant, with
entrepreneurship constituting a critical component. Several policy
initiatives and schemes announced by the government have consistently
promoted entrepreneurship among the youth. The government envisages
policy reforms that inculcate the spirit of self-reliance by supporting the
native Indian micro, small, and medium enterprises, energy sector, and
agriculture. An economic stimulus of ~20 lakh crores, equivalent to 10%
of India's GDP has been announced by the government to revive the
economy of India. In addition to this, the National Education Policy
(NEP), 2020 has emphasized skill-based training, vocational education,
orienting and welcoming entrepreneurship-educators and instructors in
educational institutions, endorsing the inclusion of entrepreneurship in
professional education, initiating incubation centres in higher education
institutions. The implementation of the NEP, 2020 acts as an impetus
for channelizing the skilled educated young human capital to achieve the
goal of self-reliance.
