TITLE

Does Entrepreneurial Competencies Enhanced due to Technical and Vocational Education Training Among Graduates?-An Assessment

AUTHOR

Dr. R. Dayanandan ¹

ABSTRACT

Developing an entrepreneurial mindset among graduates is an essential tool for fighting against poverty and reducing unemployment in any developing country. To overcome such problems, the government of Ethiopia established Technical and Vocational Education Training (TVET) Colleges to provide formal education to acquire a range of vocational and life skills to actively participate in all spheres. However, majority of the young TVET graduates in the study area are looking for jobs in government or non-government sectors rather than self-employed. Hence the aim of this research is to assess the entrepreneurial competencies and influencing factors among TVET College graduates to forward suitable policy implications. To address the objectives, a cross-sectional survey design was followed with a sample size of 97 respondents identified by stratified random sampling. Primary data was collected through structured questionnaires and secondary data was used for supplementary arguments. Collected data were analyzed using Statistical Package for Social Sciences and statistics such as mean, frequencies and percentages. In addition, to identify the factors influencing entrepreneurship, binary logistic regression analysis was carried out. The findings reveal that 67.4% of TVET graduates are entrepreneurially competent to establish their own ventures. Binary regression results indicate that out of 15 independent variables, 3 variables such as cost of fixed assets during start up time, imitative driven to work hard and cultural influence were found to be significant. Though the graduates have enhanced their entrepreneurial capability due to the TVET college, few factors hinder them from starting their own ventures. Hence, it is recommended that the government and other stakeholders need to work and support on the influencing factors to encourage entrepreneurship.

Keywords: Entrepreneurial Competencies, Influencing Factors, Poverty, Unemployment, Technical and Vocational Education Training.

¹ Professor, College of Business and Economics, Hawassa University, Hawassa, Post Box: 692, Sidama Region, Ethiopia , E-mail: [email protected]

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TITLE

Glimpses of Stock market Participation in India-An Empirical Investigation.

AUTHORS

Dr. P. Hemavathy¹

Dr. S. Gurusamy²

ABSTRACT

India has an atrocious retail participation in equity markets. There is an explicit commotion to bring the retail investor back into the stock markets. This situation strikes a chord of 2007, when the stock markets bang all-time highs and there was jubilation across the nation. This study attempts tothe perception of salaried women towards stock market participation considering equity as an investment avenue. The researcher finds that the salaried women respondents possessing different educational qualification differ in their perception towards stock market participation considering equity as an investment avenue. Results reveals that salaried women respondents in all the age group have different perception towards stock market participation considering equity as an investment avenue. The researcher also concludes that vanishing retail equity investors is the state of melancholy to stock markets. Intensive financial education and enlightenment will persuade retail investors to revisit the Indian stock market. SEBI is looking forward to explore effective ways to employ modern technology and social media to make learning of stock markets and financial education easy and entertainment based.

Keywords: Stock Market Participation, Equity, Investment avenue, Salaried women, Financial education.

¹ Assistant Professor of Commerce, Institute of Distance Education, University of Madras, Chepauk, Chennai - 600 005, E-mail Id: [email protected].

² Former Professor and Head, Department of Commerce, University of Madras, Chepauk, Chennai- 600 005.

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TITLE

Atal Innovattion Mission: A Tool to Promote Innovations and Entrepreneurship

AUTHOR

Dr. Harjeet Kaur Virk¹

ABSTRACT

India is regarded as a large and bigger economy where they faced many challenges and opportunities in relation to its growth and development. There is no doubt that the Indian economy adopted various economic reforms to overcome its challenges and leverage its opportunities to a greater extent. In the recent year, India is one of the fastest growing economies in the world with a population of over 1.3 billion and a GDP of over $ 2.7 trillion. However, the county still faces many economic challenges and to handle such sensitive issue there is a mission introduced termed as Atal Innovation Mission (AIM) by the Government of India. The main objective of this paper is to explain the role of this mission in order to promote innovation and entrepreneurship in the country.

Keywords: Atal Innovation Mission (AIM), Innovation, Entrepreneurship, Sustainability, Startups

¹ Assistant Professor, Post Graduate Department of Commerce, Sri Guru Gobind Singh College, Sector 26 A, Chandigarh, Email: [email protected]

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TITLE

JAM Trinity: India’s major step towards Financial Inclusion

AUTHORS

Sahil Sharma ¹, Dr. Dinesh Kumar Sharma ²

ABSTRACT

JAM trinity is a flagship financial inclusion program introduced by the Government of India, which combines three components - Jandhan Yojana, Aadhaar, and Mobile. Jandhan Yojana aims to ensure that financial services such as basic savings and deposit accounts, remittances, pensions, loans, insurance and remittances are easily accessible. Aadhaar serves as a universal identification tool, and mobile numbers serve as the basis for mobile banking services. The program aims to create a cohesive ecosystem to deliver government scheme benefits directly to beneficiaries, contributing to the objective of Minimum Government, Maximum Governance. This ecosystem also facilitates the efficient implementation of Direct Beneficiary Transfer schemes and provides infrastructural facilities to Fintech Companies in delivering their products to the masses. The study’s main aim is to analyse how well financial inclusion is established in India. It specifically examines the impact of the JAM initiative, which integrates Bank Accounts, Aadhar IDs, and Mobile Numbers to enhance financial access. Additionally, the study will compare India’s progress in financial inclusion indicators with global averages and those of neighbouring South Asian countries. This comprehensive analysis seeks to reveal the effectiveness of JAM and India’s standing in the context of worldwide and regional financial inclusion efforts. Also, the study aims to enlist some of the challenges faced in the implementation of this policy initiative.

Keywords: Aadhaar, Financial Inclusion, JAM trinity, Jandhan, Aadhaar, Mobile banking

¹ Ph.D. Research Scholar, Himachal Pradesh University Business School, Summer Hill, SHIMLA-171005, E-mail: [email protected].

² Professor, Himachal Pradesh University Business School, Summer Hill, SHIMLA-171005, E-mail: [email protected]

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TITLE

A Study on Impact of Employee Engagement in Manufacturing Companies Productivity

AUTHOR

Dr. Shanmugam Sundararajan¹

ABSTRACT

Managers are mostly at fault for the lack of more significant employee engagement. Recent research studies imply that only 14% of the global workers are highly engaged in their jobs. High employee performance and the success of the organization must be maintained. Implementing procedures that will measure and enhance employee engagement is essential. An employee’s willingness to learn and perform at work is profoundly influenced by their level of engagement. Employee Engagement is distinct from employee motivation, employee satisfaction, and organizational culture. It features a part to do with sentiments, which are on a very basic level connected to driving a company’s foot line victory. Representative engagement alludes to the degree of commitment and association on the portion of an representative in their organization and its standards. An locked in representative is mindful of the trade environment and collaborates with associates to improve work execution for the organization. Representatives hold this positive demeanor toward the company and its beliefs. This considers points to comprehend the relationship between worker engagement and work bliss as well as the effect of worker dependability on the quality of the workforce. Concurring to the discoveries, the larger part of workers is compliant with the organization, which energizes most extreme representative inclusion and makes maintenance conceivable.

Keywords: Employee engagement, employee performance, motivation, satisfaction, loyalty, employee involvement and retention

¹ Assistant Professor in Management, Skyline University Nigeria, Kano State -700225, Nigeria. Mail id: [email protected]

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TITLE

Leveraging Digitalization in the HR Domain and its Impact on Sustainable Organizational Growth-An Exploratory Study

AUTHOR

Dr. Subramanya Manjunath¹

ABSTRACT

We are living in the digital era, be it in meeting our daily needs such as groceries, ordering food, games and sports, entertainment, supply chain management, retail, etc. In other words, e-commerce is becoming increasingly important in our daily lives. While the entire spectrum of human activity is transitioning into digital transformation, the nature of businesses and the world of work are also transforming through digitalization. The increasing trends of globalisation and the advent of innovations in technology have necessitated organisations to redefine their business processes and transform to digitalization. The outbreak of COVID-19 was so impactful that flexible work schedules, remote working, and hybrid models of working are the preferences of employees today. To cope with the changing phases and aspirations of employees, it becomes necessary for organisations to transform their HR processes into digital ones. Many companies in the IT and IT-enabled sectors have already initiated and completed the digitalization of their human resource processes. This study aims to get an insight into the concept of digital transformation and its integration with business processes and explore the key factors in the HR domain that facilitate productivity improvement and sustainable organisational growth. The study emphasises how factors such as workforce planning, recruitment processes, HR analytics, talent management, performance management, compensation and benefits, and learning and development can be aligned and integrated into the process of digital transformation. Following the discussion and findings, the study comprehends the implications for HRM and its significance in motivating employees and making the work environment comfortable and enjoyable, resulting in improved productivity. The study concludes by highlighting that the integration of administrative and HR procedures with business processes into digitalization will definitely go a long way and benefit both employers and employees by improving productivity, efficiency, and overall organisational effectiveness.

Keywords: Digitalization, Business Processes, HRM, Productivity, Efficiency, Effectiveness, Workforce Planning, Recruitment, HR Analytics, Talent Management, Performance Management, Compensation and Benefits, Learning and Development.

¹Former:Principal and Dean, SSIMS, Tumkur, Karnataka; Visiting Faculty: Christ University and Jain University, Bangalore; Advisor-HRM to Industries and Corporate Trainer, Email: [email protected]

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TITLE

Empowering Employment in India through Prime Minister’s Employment Generation Program (PMEGP)

AUTHORS

Santosh Kumar¹, Dr. Jai Singh Parmar²

ABSTRACT

In August 2008, the Indian government unveiled the Prime Minister's Employment Generation Program (PMEGP), a new credit-linked subsidy scheme. It was established by combining the two programs that were in place until March 31, 2008, namely the Prime Minister's Rojgar Yojana (PMRY) and the Rural Employment Generation Programme (REGP) aim to create jobs by establishing microenterprises in both the rural and urban non-farm sectors. PMEGP has been in operation since 2008-09, and it continues for the cycle of the 15th Finance Commission, or from 2021-22 to 2025-26 for five years. PMEGP, a central sector programme, is managed by the Union Ministry of Micro, Small, and Medium Businesses.
The scheme's major purpose was to create jobs in rural and urban sections of the country by establishing new self-employment enterprises, projects, and microbusinesses. It also attempted to bring together widely scattered traditional craftspeople looking for work in rural and urban locations and to give them as many self-employment options locally as possible. Also, to prevent rural youth migration to metropolitan areas, a major part of traditional and aspiring craftspeople, as well as unemployed youth of rural and urban areas, should be given ongoing and long-term work.
Keeping these aspects in mind, the current work makes an attempt to comprehend the objectives of the scheme and the present trend of the scheme in terms of applicants and sanctions of the fund by the banks. Further, the study highlights the present status of loans disbursed to the beneficiaries under different social categories.

Keywords: PMEGP, Social development schemes, Employment, Economic Development, KVIC

¹ Ph. D Research Scholar, Himachal Pradesh University Business School, Summer Hill, SHIMLA-171005 E-mail: [email protected]

² Professor, Himachal Pradesh University Business School, Summer Hill, SHIMLA-171005, E-mail: [email protected], [email protected]

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