Govt steps in to help student entrepreneurs


A year after the government announced its flagship student entrepreneurship scheme to encourage entrepreneurship among students in Kerala, the government has woken up to the fact that student entrepreneurs don’t get the benefit of grace marks and attendance since the universities have not incorporated the scheme in their regulations.

The higher education department has, therefore, introduced a procedure that the universities need to follow till the scheme is incorporated in each university regulation to ensure student entrepreneurs get the benefit. “Now it has come to the notice of the government that the student entrepreneurs find it difficult to avail the benefit of grace marks and attendance since the universities have not incorporated the scheme in their regulations,” states an order signed by additional chief secretary K M Abraham.

As per the plan, the respective technology business incubator (TBI) to which a student entrepreneur is attached shall forward the certificate showing grace marks and attendance of the student entrepreneur to the concerned college principal and on receipt of the same, the college principal shall forward the certificate to the university registrar. On receipt of the same, the university shall provide eligible grace marks and attendance to the student entrepreneur for the semester for which it is applicable. This order has been issued, even as the government has again insisted that the universities incorporate entrepreneurship into their regulations.

Introduced in 2012, the scheme makes each entrepreneur eligible for attendance relaxations up to 20% and grace marks up to 4%, spread across semesters, depending on the stages that the scheme has reached. At the ideation stage and during the teaming and company formation, a student gets grace marks of 1% and attendance relaxation of 5% each. For prototype technology-based firms and business services of service based forms they get 2% grace marks and 10 % attendance relaxation each.

Original Article: Times of India

Mohit Bansal(23) is B.Tech in Electronics and Communication Engineering from Indian School of Mines, Dhanbad, India. He has interest in business and entrepreneurship and has published couple of research articles. He is also associated with various NGOs. He is with Techaloo when it was just in concept stage. The Techaloo site was not existing even then. Currently Mohit is working with Mu Sigma as a Business Analyst Profile.

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