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#StartUpIndia is the much needed “Self Employment” Revolution

#StartUpIndia is the much needed “Self Employment” Revolution

If you are reading this article, it is very likely that you have been beaten with an entrepreneurial bug or you have been affected by one (and more likely in a positive manner). StartUp stories are all in the air and we have all heard of those padosis, ex-colleagues, college seniors/juniors who made it to the league.

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And now with Narendra Modi led BJP government launching the StartUp India, the game seems to have just begin. Youth aspiration are at a peak and schemes like this will help them achieve them. The scheme aims to make it easier for aspiring and budding entrepreneurs to make things easier on the “paper work” and focus on business. In addition, the scheme will be helpful specially for the first generation entrepreneurs who have great ideas but lack proper knowledge to dive in to the sea of business.

One of the challenges faced by startups is the platform to pitch their ideas and get funds. Being one of the world’s most diversified demography and a huge difference in economic, social and cultural status of many people, this is and has always remained a challenge. With over $5 billion worth investment in 2015 and 3 to 4 startups emerging every day, India has the third largest number of startups in the world.

#StandUpIndia #StartUpIndia are the new buzz words in town now which is a platform for many aspiring entrepreneurs to make it happen. It would be interesting to note here that on one hand we have already came across a few startups in metros who have closed the doors and  on the other hand many potentially great business ideas must be waiting for that right opportunity in small towns and villages. Creating a business is not just about making money, it is aimed to make change in the life of people. Hence, StartUp India should be aimed to cater the needs of people in the remotest part of country as there are more scope of improvement.

But the biggest achievement of #StartUpIndia would be if it becomes a “self employment” revolution. As per a report, agriculture and allied sectors like forestry and fisheries accounted for 13.7% of the GDP (gross domestic product) in 2013, about 50% of the workforce (some reports claim direct or indirect dependence as high as 65%).  And we have a very bad farmer suicide record. This means that there is an urgent need of innovation in the sector needed. In addition, the scheme will provide a booster to the very low wages personnel who may now switched to other business areas. 

India is faced with a crucial problem of underemployment and unemployment. There are many youths who have a good degree, knowledge and skills but fail to get into good corporate jobs just because of their lack of proper communication skills. This makes them go for a lower profile jobs thus increasing competition and underemployment. With this scheme in place, many of such youths can start on their own and underemployment can be checked.  

Together with #MakeInIndia, #StartUpIndia can bring a big boost to the economy and attract much needed investments to the nation of billion people and billion dreams 🙂 

 

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