The Challenges of Entrepreneurship Development in Jammu and Kashmir

Abstract

The economy of state Jammu and Kashmir has suffered from disturbed conditions prevailing in the state since past 24 years .both the centre and state governments are trying to put the economy back on the rails by enabling the average person to get employment apportunities.in a state ridden with violence and having a population 600,000 unemployed youths, the challenges before j & k state are immense. In this scenario, the thrust is on employment generation for youth-both boys and girls in state.This research work shall examine the challenges of entrepreneurship development in state Jammu and Kashmir. This paper sees entrepreneurship as the process of creating something new with value by devoting the necessary time and effort, with the accompanying financial and social risks, and receiving in return monetary rewards, personal satisfaction and independence. In this era of shrinking economic activities, government should endeavor to provide the necessary infrastructures required for skills acquisition among its citizenry. This is because without technological skills, entrepreneurial spirit which drives economic development through job creation will be lacking. The paper conclude that entrepreneurship is essential for rapid and sustained economic growth but there is urgent need to change the mindset of the Average Jammu and Kashmir especially the youths towards embracing self employment and de-emphasize the search for white collar jobs that are non-existent. Entrepreneurship as a means of self employment suffers a number of great challenges”, and these challenges are what this research work would identify.

Keywords: - Entrepreneurship Challenges, Development. Awareness