Poor enterprise culture and unemployment situation in Kashmir is now a major driver of poverty and social vices. The unemployment situation has assumed a multi-dimensional phenomenon cutting across all facets of age group, educational strata and geographies. More disturbing today is the ever rising trend of youth unemployment. Many people are unemployed because they have not acquired the kind of skills that are frequently demanded in the environment they operate. Youth, including University graduates, products of polytechnics and colleges, are roaming the streets looking for paid employments that are non-existent. Although, several attempts have been made at encouraging entrepreneurial activities in state in last few years but the real entrepreneurs have not emerged. It is therefore not surprising that only minimal success has been recorded. The truth is that they did not have a significant, lasting and sustainable positive effect. Entrepreneurship can be a model for youth empowerment. In transitioning to employment through entrepreneurial education the overall goal of entrepreneurial education is to impart our students with the right attitudes, knowledge and skills to act in an entrepreneurial way. Thus empowering and preparing them to thrive in the unstructured and uncertain nature of today’s environment.
The socio-economic situation in Kashmir poses serious threats and challenges to both government and wellbeing of citizens as a whole. Entrepreneurship education provides students motivation, knowledge, and skills essential for launching a successful venture. It should be available to all college students regardless of major courses and choice of studies to enhance competitive advantage.
Kashmir in many respects has problems of isolation, and lack of an industrial base and employment opportunities. However, the state is vested with a substantial water resource, mineral base, and is famous the world over for its exquisite handicrafts, handloom products, tourism, horticulture produce and cottage industry. While the state has enormous potential for the flourishing of various industries, it has lagged behind in the field of industrialization. The public sector units have generally failed to perform and the private sector has not flourished. Although the state has made sustained efforts, based on its industrial potential, to develop industry and elevate its economic standard, it has still to go a long way to find a place in the industrial map. Therefore, it is imperative to identify and exploit the productive capabilities of the different regions of the state to trigger off the growth impulses, thereby facilitating the process of economic take-off. For promoting prosperity and ensuring equitable economic development throughout the state, the state government should encourage the flow of investments in areas with high employment potential
At enabling enterprise, I believe entrepreneurship can provide a space for young people to stand up and take ownership over the ideas, talents and skills, which will guide them in their next steps. By setting up and running their own projects. With the potential for real and meaningful impact, young people have the opportunity to take the lead and come up with creative solutions to the problems which matter to them. All we do is set the challenge and provide a structure to help guide them the young people create the opportunities. Entrepreneurship is more than an activity it is also an approach by empowering young people to harness to their own resources. Entrepreneurship can provide a fruitful model for practitioners seeking to support young people in their transitions to employment through entrepreneurship. In a climate like Kashmir where many young people feel affected by circumstances beyond their control, encouraging participation, skills development and youth leadership, we can be confident that young people will take the future back into their own hands