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Context: According to the recently released Global Entrepreneurship Monitor (GEM) India Report (21-22), India’s entrepreneurial activity expanded in 2021.
Global Entrepreneurship Monitor (GEM)
GEM’s Adult Population Survey provides analysis on the characteristics, motivations and ambitions of individuals starting businesses, as well as social attitudes towards entrepreneurship.
The Global Entrepreneurship Monitor (GEM) 2021/2022 report
More than 77 per cent of entrepreneurs are pursuing new opportunities due to the Covid-19 pandemic.
India’s entrepreneurial activity with its Total Entrepreneurial Activity rate has increased to 14.4% from 5.3%.
National initiatives to promote entrepreneurship
Programmes implemented by Ministry of Skill Development and Entrepreneurship to encourage entrepreneurship in India:
1. Economic Empowerment of Women Entrepreneurs and Startups by Women (WEE)
2. Pilot Project on Entrepreneurship Development (PM YUVA)
3. Entrepreneurship Promotion and Mentoring of Micro and Small Businesses in Six Holy Cities
4. In order to enhance the employability of female workers, the Government is providing training through a network of Women Industrial Training Institutes, National Skill Training Institutes, Pradhan Mantri Kaushal Vikas Yojana (PMKVY) Centers and Pradhan Mantri Kaushal Kendras.
By: Shubham Tiwari ProfileResourcesReport error
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