Govt unveils new action plan for job creation

Create a supportive atmosphere for the budding entrepreneurs

Published : 04 Aug 2022 09:12 PM

Bangladesh launched a new action plan on Tuesday aimed at encouraging the youth to become entrepreneurs and generating employment for sustaining the country’s economic growth. Though Bangladesh has achieved remarkable economic growth over the last years unemployment is still one of the major problems hindering the country's holistic development. It needs no mentioning that employment opportunities in Bangladesh are not available comparing the number of labour force entering the job market every year. Moreover, inconsistency between job market and education system has contributed to the  swelling of the number of educated unemployed.

In order to encourage more youths to take business 

as their profession, creating a supportive atmosphere 

budding young entrepreneurs has become inevitable

The global health crisis caused by Covid- 19 hit Bangladesh's economy hard and jeopardised the country's impressive achievements in poverty reduction and employment generation. Considering the situation, the government needs to encourage youths to become entrepreneurs by offering them easy loans.

Entrepreneurship is indispensable for a country’s steady economic development. There is no denying that entrepreneurship does not constitute such a social security as employment in large companies does, still it can reduce the country’s growing burden of unemployment and contribute to economic growth. Hence, the government needs to adopt measures that will help people become self-employed to achieve a dignified life.

In order to encourage entrepreneurship, we must disseminate education on it. Though such education has already been incorporated in developing countries to create awareness and encourage fresh graduates to take up business as profession, such subjects or majors have not been widely covered in the various levels of education system in our country. Hence, the authorities concerned should look into this issue with due seriousness.

In order to encourage more youths to take business as their profession, creating a supportive atmosphere for the budding young entrepreneurs and facilitate them with appropriate tools have become inevitable. The government should devise necessary schemes to promote a culture of entrepreneurship among youths. It needs no emphasising that by creating entrepreneurs we can reduce pressure on the country’s job markets and reinforce our economic growth.