Entrepreneurship Development and Employment Generation- A Case Study Of RUDSET Institute in Kerala
ADVANCES IN MANAGEMENT, IT, EDUCATION, SOCIAL SCIENCES MANEGMA 2019 ISBN No.: 978-81-938040-9-4
12 Pages Posted: 5 Sep 2019
Date Written: June 19, 2019
As marching towards encompassing a high rate of growth with great potential of human resources, Indian economy struggling to utilise its man power because of lack of employment opportunity, absence of successful ventures etc. Poverty, social exclusion, inequality, and unemployment etc are still haunting Indian economy, despite a number of planned efforts made by both central and state government to mitigate them. Though, Kerala is rich with her natural endowment and high potential educated youth, still struggling to make the most out of them because of lack of successful entrepreneurship activities and absence of a favourable industrial climate. A large number of youth in rural and semi-urban Kerala could not access high professional education and employment due to financial constraint and their high orientation towards white colour jobs. The theory of development by Schumpeter highlighted the significant role played by entrepreneurs and their innovative and imperative role in the development process of the economy. Absence of credit, poor infrastructure, socio-economic backwardness due to some religious and cultural taboos and customs especially on women and marginal section etc acts as a barrier to the natural growth of entrepreneurship in India and Kerala. Both Central and State government initiated a number of programmes to foster entrepreneurial development. In 1982, an innovative initiative was taken by Sri. Dharmasthala Manjunatheswara Educational trust, Syndicate bank and Canara bank finally resulted in the setting up of a very well appreciated RUDSETI model in India to tackle unemployment issues in rural area by providing credit accessibility and skill development programmes for entrepreneurial development for the socially disadvantaged people mainly belongs to SC, ST, BPL and women. The present study is to analyse the organisational structure and functioning of RUDSETI of Kerala situated in Taliparamba and also to evaluate various Entrepreneurship Development Programmes (EDP) offered by the institute.
Keywords: Unemployment, Rudset, Entrepreneurship and skill development, Training, Motivation
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