kerala budget 2014

8/13/2019 Kerala Budget 2014

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KERALA BUDGET 2014 HARNESSING THE YOUTH POTENTIAL AND SUSTAINABLE

YOUTH DEVELOPMENT

Background

This perspective plan for Kerala youth is prepared with the involvement of various stakeholders from

different walks of life including lawyers, engineers, students, doctors and theoretical economists, formin

a significant part of our economic dividend. We hope that our recommendations form as the basis for

implementation of a series of initiatives aimed at fostering sustained growth of the State over the next 2

years. Weve been doing a comprehensive analysis of the economys strengths, challenges and

opportunities, it sets developed country benchmarks for the state and has attempted to draw on the

best local, regional, national and international practices. We envision a move away from traditiona

planning processes to outcome based strategic planning with an ultimate aim of creating a

knowledge-based economy. We attempted to look at present transition plan which aims to improve the

current set of policies to ones that triggers commensurate increase in productive capacities, structural

transformation, enhanced economic competitiveness or improved institutions from a demographic

perspective.

Nature of Growth So Far

Examining the data from the 1970s show that Keralas growth is mainly driven by construction

transport, storage & communication trade, hotel and restaurants real estate ownership, business, and

legal and other communication services. These services have low tradability and are mainly driven by

domestic demand. The four factors that drive domestic demand are: Remittances, Tourism, Government

welfare expenditures and the welfare role of social organisations. Kerala is caught in a low productivity

trap of GSDP and employment. There is relatively high personal and regional inequality in Kerala. The

state is facing an aging population rapidly increasing urbanization, increasing pressures on natura

resources and grim investment and business conditions.


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The Growth Pattern Ahead

The creation and growth of indigenous enterprises low-cost, high-impact approach to sustainable

economic development by creating employment opportunities and generating incomes in the hands of

the public. Using the inherent qualities of Kerala youth such as high literacy, high socio-politica

awareness, organizational awareness, their high potential in arts and sports, ability and willingness to go

abroad for employment opportunities, ability to intermix and partake in foreign cultures and ability to

adapt to technological changes while creating opportunities in employment and their socio-cultura

development .1

Existing Plans

I. Vocational Training for the youth.

Visual Media Training by Kerala State Youth Welfare Board - Video Editing, Graphic

Animation, Video Journalism, Anchoring and News reading No information as where the

courses are conducted, if at all those are conducted.

Kerala State Centre for Advanced Printing & Training - conducts training programmes in

Multimedia, Animation, DTP, Computer Hardware & Networking and Offset Printing

Technology - Contains no information as to where the courses are conducted but only the

contact details of the officers from the training division.

Centre for Continuing Education Kerala Creation of a community college using Massive Open

Online Course resources available on the internet.

Identified development needs

I. Building an Entrepreneurial Ecosystem.

Issues and challenges: Entrepreneurship is restricted to trade, transport and tourism, all of which are

low knowledge-intensive sectors.

1 Literal Translation of the text used under Strengths in Kerala State Youth Policy, released on 12.12.12 by Sports

and Youth Affairs Department, Government of Kerala.


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A brief review of government policies:

I. Kerala Institute for Entrepreneurship Development (KIED).

Attendance relaxation through Student Entrepreneurship Scheme for the Universities,

Colleges and Polytechnic students in Kerala.

II. Technology Innovation Zone in Ernakulam

Public-private-partnership model, in areas like data analytics, animation and gaming,

nanotechnology and biotechnology. aims to incubate 1,000 product start-ups over 10

years and initiate the search for a billion dollar company from a college campus by the

turn of this decade.

III. Kerala State Self Entrepreneurship Development Mission and Kerala Chapter of the Indus

Entrepreneurs.

10 select entrepreneurs in each Panchayat up to Rs. 20 lakh to start an enterprise.

Avail of finance on easy terms from Banks/Financial Institutions

Inter-state and international comparisons

I. Global Entrepreneurship Monitor (GEM) that ranks select countries on entrepreneurship is not

available for Indian states. Entrepreneurship at the state level is most often measured by the ratio

of self-employed persons in the total work-force. This ratio does not distinguish between

necessity and opportunity-driven entrepreneurship.

Issues and challenges

I. Kerala is in the bottom two (after Tamil Nadu) in terms of self-employed work- force.

Vision for the sector

1. Need to know pattern and explore the reasons behind lack of employment opportunities in

urban areas and the predominance of agriculture in rural areas and attempt to reverse the trend.

2. Creation of a inclusive and encompassing State Entrepreneurship Index to know our progress

towards entrepreneurial economy.


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3. To remodel Keralas existing status as a wage economy into entrepreneurial economy, by

equip students with practical business-related skills as part of the regular educational curriculum 2

.

4. An alliance with International Labour Organization for initiating their flagship KAB (Know

About Business) Programme in Kerala.3

5. Imparting cross cultural learning experience for meritorious students, to youth graduates, or

business owners with a strong business plan by giving them an opportunity, to travel to a

developed nation and work with mentors there for a period of time in order to acquire the skills

required to set up their own ventures .4

6. Having Entrepreneur Award targeting entrepreneurs aged 18 to 40, who start businesses

themselves from scratch, and have a deep sense of social responsibility. For inspiring the rest, it

is suggested that their accomplishments be published along with arranging a lecture tour for

prospective candidates .5

7. Setting up of 24*7 web based support centre for entrepreneurs to foster private sector

development and facilitating high-quality information exchange support, competent policy advic

and research, ensuring a wide dissemination of best practices of SME support in business

community .6

Desired results

2 Inspired by INJAZ al-Arab. INJAZ al-Arab is a confederation of national operations operating in 12 countries

across the Middle East and North Africa region collaborating with corporate volunteers and Ministries of Education

to provide experiential education and training to Arab youth in work readiness, financial literacy and

entrepreneurship. Details can be accessed at : http://www.injazalarab.org/

3

It consists of training modules and teaching material for providing entrepreneurial education to university students.Details can be accessed at: http://www.ilo.org/public/english/region/eurpro/moscow/areas/kab.htm

4 Inspired by Young Entrepreneurship program (YEP) for South African Students who get a chance to spend six

weeks in USA under the mentorship business leaders and experts in entrepreneurial studies. Details can be accessed

at: http://www.youngentrepreneur.ie/

5Inspired by Young Chinese Entrepreneur Award was jointly set up by the China.

6Modeled on Russias SME resource center. Details can be accessed at: http://www.rcsme.ru/en


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Continuous monitoring and evaluation

kerala budget 2014

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