The Hindu Business Line : Clubs launched for student entrepreneurship

THE Kerala Institute for Entrepreneurship Development (KIED), co-promoted by the Central and the State Governments, and the State Industries Department are joining hands in a new initiative for setting up student entrepreneurial clubs in select educational institutions across the State.

The scheme aims to develop entrepreneurial and managerial skills among students and motivate them into opting for self-employment schemes. It would be implemented in at least 25 institutions selected on the basis of the type of courses offered, the reputation of the institutions and the availability of infrastructure.

The Industries Minister, Mr P. K. Kunhalikkutty, launched the first among the entrepreneurial clubs at St Xavier's College in suburban Thumba here. The institution will provide 10 per cent of the initial working capital amounting to Rs15,000. Final year students of various courses in the college would be members of the club. In consultation with the KIED, these student members would organise seminars and interactions with entrepreneurs within and outside the State.

These students would be given a three-day training in agriculture and allied activities next month, according to Mr Y. Thampi, Chief Coordinator of the club.

Explaining the rationale for setting up of the clubs, a spokesman of the Directorate of Commerce and Industries here said that India is on the threshold of a historical transformation heralded by the possibilities that the knowledge economy has opened up for the country. This sector can be effectively utilised to step up employment opportunities.

Most of the educated youth have been brought up and fed on the ultimate dream of landing a Government job, in pursuit of which they spend themselves out. Other opportunities, which can be equally remunerative, are ignored in the process.

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