Entrepreneurial Fund Gaps and Sector Wise Manpower Requirement in Indian Entrepreneurship: A Study

Unemployment is a problem and an obstacle in the developmental path in India. To get hold government of India from time to time launched different schemes to boost the entrepreneurial environment in the country. Startup India, Make in India, Atal Innovation Mission, Jan Dhan Aadhar- Mobile(JAM), Digital India, Department of Science and Technology (DST), Stand-Up India, Pradhan Mantri Kaushal Vikas Yojana (PMKVY), National Skill Development Mission, Science for Equity Empowerment and Development (SEED). Apart from it, Ministry of Skill Development and Entrepreneurship, government of India, allocated funds and released sector wise potential manpower requirements in entrepreneurial ventures. However, the problem lies in the non-release of funds. The objective of the present paper is to study the pattern in difference of allocated and released fund considering different states and union territory of the Indian union. The study also checks the potential manpower requirements, state wise and sector wise. For the purpose of the study, the secondary data is considered. The data released by Ministry of Skill Development and Entrepreneurship in Indian Upper House of the parliament, Rajya Sabha is referenced. The study reveals that 68% of the total allocated fund remains unreleased; five sectors are projected to account for 69 percent of the total incremental human resource requirement; ten states account for 80 percent of the total requirement total incremental human resource requirement from 2013-22 from 2013-22.