Self-employment has acquired much significance these days as employment opportunities for youths are less. Even highly qualified youths do not get the jobs they deserve.
This is because the number of educated youths is increasing year by year, but the job opportunities remain more or less the same. The craze for degrees in the Engineering science and Medicine is increasing and it is not possible for the Government and the private institutions to give jobs to the ever-increasing number of engineering and medical graduates and graduates and postgraduates in other subjects.
In this situation those who have good educational qualification should think of self-employment.
Banks give loans to the educated youths to start businesses.
Engineering graduates can start small factories to manufacture some products. They can serve as contractors for govt departments. Ordinary graduates can set up shops dealing in books, fancy articles or some other products. Some youths can join together and start a cooperative business which may manufacture and sell cold drinks, different kinds of oil, textiles. There are Government institutes which train the aspiring persons in the manufacture of plastic goods, electrical gadgets, candles.
Youths may undergo training in these institutes.