Ahmedabad: Entrepreneurship Development Institute (EDI) on Tuesday said it has submitted the draft of 'National Entrepreneurship Policy' (NEP) to the Central government.
Prepared on suggestions of Advisor to Prime Minister Sam Pitroda, the policy draft recommends setting up of a National Commission on Entrepreneurship with Prime Minister as its chairperson, amongst other measures.
"A large number of ministries are engaged in promotion of entrepreneurship, since its development is affected by policies both of Centre and state, implementation of policy necessities inter ministerial coordination," EDI Director Dinesh Awasthi said.
In wake of such a scenario, the draft recommends to set up a permanent National Commission on Entrepreneurship, on the lines of Prime Minister's National Skill Development Council which will guide entrepreneurship movement in India, Awasthi said.
"Through this policy we aim to create an eco-system which caters to youth to look at entrepreneurship as a viable and lucrative career option, so they come up and set up competitive enterprises," he said.
The policy draft has been prepared after studying entrepreneurship policies of 20 countries and consulting majority stakeholders. It somewhat finds semblance to the policy of UK, he said.
It has been submitted to the Union Ministry of SMEs, and is also put on EDI's website for public comments.
EDI also plans to hold consultative meets in 14 major cities like Delhi, Mumbai, Kolkata, Chennai, Bangalore amongst others to deliberate on the draft, before the final one is prepared.
It was Pitroda who had asked EDI to prepare a draft policy and submit it to the centre.
As India faces the challenge of creating jobs for close to 550 million youths in future, the policy recommends fostering innovation-driven entrepreneurship through incubation.
The draft suggests to hasten pace of technology business incubators and talks of setting up of 200 new incubators in next five years, Awasthi said, adding that a visit to China revealed they have close to 800 incubators.
The policy suggests entrepreneurship promotion at the primary and secondary school levels, besides in higher education, he said.
It talks about fostering inclusive entrepreneurship, and given the level of poverty and unemployment in the country, it suggests promotion of social entrepreneurship, Awasthi said.
The concept of social entrepreneurship introduced for the first time caters to the need of people at the bottom of pyramid, Awasthi said.


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