Delhi government launches scheme to encourage students to become entrepreneurs. peppermint

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New Delhi: The Delhi government on Tuesday launched a scheme that offers initial funding As part of efforts to promote entrepreneurship among the youth, small teams of college and industrial training institute (ITI) students each will be given Rs 50,000 to start their own business venture.

The scheme is an expanded version of Aam Aadmi Party’s similar program for school students. An official statement from Chief Minister Atishi said the scheme implemented in Delhi government schools was a remarkable success and an expanded version called ‘Business Blasters Seniors Programme’ has been launched in all universities and ITIs under the Delhi government.

Also read: More manufacturers are starting businesses, struggling for investors

under the scheme, 1,000 selected teams of three to five students will each be given Rs 50,000 to start their own business. The statement said that out of these 1,000 teams, 100 will be selected for the finals, where they will present their ideas to potential investors.

They will also receive mentorship to help them set up and grow their startup. Atishi said that implementing this scheme in higher education institutions will lay the foundation for future job creators who will tackle unemployment.

From job seekers to job providers

The Chief Minister said that India is full of talent, but fear and social pressure have limited the youth to finding jobs instead of creating jobs. He said, the ‘Business Blasters’ scheme will help in building confidence in the students to take charge of their future. While many Indians lead major global companies, unemployment remains high in our country, Atishi said, highlighting that about 42% of graduates are unemployed.

“Despite having talented individuals, India has not progressed as much as it should have. The fear and pressure of parents and society to get our talented youth to get a ‘good job’ at an early age or risk failure in life The whole purpose of education has been limited to getting a job, Atishi said.

This fear has created a risk-averse mentality, he said. He said, while youth in other countries start big startups, the talented youth of India are busy looking for jobs. “If all our youth join the queue in search of jobs, who will create the jobs? Business Blasters was launched to answer this question,” said Atishi.

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