Entrepreneur and Innovation

  • Ms. Shamala .S Assistant Professor, Sri Bhagawan Mahaveer Jain First Grade College, Karnataka
Keywords: Youth, Unemployment, Woman, Innovation


The most emerging and trending concept that is prevailing in over the country is Entrepreneurship and Innovation. It was existing since long, but now as we are moving into digital world innovation has stepped in nuke and corner of entrepreneurship. There are so many skill developments, self employment training programmes conducted online or through institutes.
It is called RUDSETI’s. The main aim of these institutes is to assist the unemployed youth by creating larger ecosystem of employment. These training institutes directly or indirectly create an impact on the unemployed youth.
The unemployment percentage has increased to 7.9% or 35 million youth as per December 2021. However, our country stands in 86th rank under unemployment rate so to bridge the gap between the two, these effective trainings at macro level as an engine of growth and development. Many corporate companies have come forward to help the youth through various corporate social responsibility projects, filling the dearth of unemployment into employment successfully. So the corporate companies spend at least 2 % of its average net profit towards these trainings.
The concentration of these entrepreneurs and innovation have thrown a big ray on woman to make them stand independent in this competitive and aggressive world, where the entire universe is going for a change on every second, where people want to achieve their target with set goals and responsibilities.
This system of rural entrepreneurship has innovated with various schemes, sanghas, groups, and companies as startups.

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