International Journal of Research in Arts and Science
ISSN: 2394-9759 | Frequency: 4 Issues/Year
Impact Factor: 0.387 | International Scientific Indexing(ISI) calculate based on International Citation Report(ICR)
Role of HEIs in Driving Entrepreneurship for Women Empowerment
Abstract:
India is a country with the third largest number of start-ups in the world. However, we need more entrepreneurs to come forth as the Indian market is constantly evolving and opportunities need to be tapped. India is a labour-intensive economy, which has laid foundation for entrepreneurship culture. In India, people have great skills and innovative ideas, but they do not have huge financial resources. The population of India is growing at the rate of around 1.2 percent, therefore, increase in population leads to increase in unemployment. Entrepreneurship helps in creating more jobs and removes the issue of unemployment. The entrepreneurs are considered as change agents in the process of industrial and economic development of any nation. It is becoming more evident that entrepreneurial development is a veritable tool for economic development. By 2020, India is set to become the world?s youngest country with 64 percent of its population in the working age group. The role of higher education institutions becomes imperative to mould the young population of our country towards global challenges, especially women whose potentials remain untapped. The university environment should have a direct impact on students intentions towards self-employment. Intentions are the best predictors of entrepreneurship, though it is difficult to fully understand the reasons behind an entrepreneurial intention. The Global Entrepreneurship Index (GEI) of 2018, a composite indicator of the health of entrepreneurship ecosystem has placed India at 68th position. This is by far the best ranking of India, having jumped from the 73rd rank in 2012. This paper is an outcome of a study conducted in a womens institute to explore entrepreneurial intention as well as to know about the impact of entrepreneurial counselling among final year undergraduates. The results project that 40% of students in the final year show interest towards entrepreneurship and felt counseling can be supportive but not primary. This significant outcome of the chapter is to provide a suggestive model to inculcate entrepreneurial spirit among students.
Keywords: Entrepreneurship, Entrepreneurial Intention, Entrepreneurial Counselling, Change Agents.
Volume: 5 | Issue: Women Empowerment Leadership and Socio-Cultureal Dimensions
Pages: 36-46
Issue Date: March , 2019
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