AN OVERVIEW OF GOVERNMENT SCHEMES FOR PROMOTION OF NEW GENERATION ENTREPRENEURS IN INDIA

Shashikala.S.R; Dr. M.Amulya

Volume : IX, Issue : VII, July - 2020

AN OVERVIEW OF GOVERNMENT SCHEMES FOR PROMOTION OF NEW GENERATION ENTREPRENEURS IN INDIA

Shashikala. S. R, Dr. M. Amulya

Abstract :

India is a developing country. It is a most populous and 7th largest country by area. Large population implies a large prospective market in India and puts more pressure for employment in the country. In the present decade, India is undertaking an essential shift towards startup welcoming policies and a business friendly environment. India in the competitive environment forced to create innovative systems. Due to globalization and advancement in technology competition is increasing day by day that’s why self– employment consciousness among people is increasing at fast pace. In India, entrepreneurship can prove as one stop solution for addressing the major problems like unemployment and poverty. Considering these benefits, various initiatives have been taken by the government from time to time for entrepreneurship development in the country such as Industrial Policies and Five–Year Plans specifically focusing on the growth of small scale sector, setting up of Special Economic Zones (SEZs), setting up of Entrepreneurship Institutions, organizing Entrepreneurship Development Programmes (EDPs) and various Government Programmes and Schemes for the promotion of entrepreneurship. Every country, whether developed or developing, needs entrepreneurs. In the present Indian context, employment opportunities in public sector and large–scale sector are shrinking, and on the other, vast opportunities arising from globalisation are waiting to be exploited; entrepreneurs can really take India to the heights of becoming a super economic power. This paper presents an overview of the government schemes for promotion of new generation entrepreneurs in India.