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Entrepreneurship has just 1% of the graduates

just 1% graduates choose entrepreneurship

According to the statistics of the five southern states in the country have 50% of total engineering seats in India and the number of students securing jobs stands at 54%.

The above observation was made by the BVR Mohan Reddy Committee while submitting its recommendations to HR development ministry to improve the quality of engineering education in India. From the five southern states – Telangana, Andhra Pradesh, Karnataka, Kerala and Tamil Nadu only 1.88 lakh students were placed from a total enrolment of 3.45 lakh students during 2017-18.

“While the capacity was so large, the quality of students produced was not up to the mark. At a time when the capacity is high and the enrolment stands at 50%, the percentage of students securing placements is further low.” Said BVR Mohan Reddy, who led the MHRD appointed committee.

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Entrepreneurship statistics

The worst part is out of eight lakh students graduating every year across the country only 1% students opted for entrepreneurship. “We wanted to find out how many of these engineering colleges have incubation centres and how many of these startups have come from each institution, Altogether there were 1,500 startups from 3500 institutions last year. Of eight lakh graduating students only 6000 went into entrepreneurship.” Said Reddy.

Several recommendations were made to MHRD and the All India Council for Technical Education in order to improve the employment of engineering students, which are set to be implemented from the ensuing academic year.

“We have recommended the government to make apprenticeship mandatory for engineering students. Companies can appoint students on apprenticeship from three to 18 months. The government pays Rs.2500 reimbursement to companies for every apprenticeship,” said Reddy, and also made students aware of the benefits as government norms suggest that almost two and a half workforce in each company has to be apprenticeship.

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