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After the introduction of National Education Policy, HEIs are increasingly obliged to redefine their role in the Indian economy. The primary function of HEIs should be to seek to instill a greater entrepreneurial character among students. HEIs should also strive to carefully consider local development needs and support the promotion of entrepreneurial education initiatives, and this should not only be at the tertiary level but as early as the primary school level. Government must fully support such initiatives and promote holistic education at all levels and help to establish entrepreneurial ventures.
The role of Higher Education is clearly to meet the socio-economic needs of the country whilst safeguarding social justice and democratic values. In addition HEIs have an important role to play in regional innovation systems .They serve as knowledge producers, and agents of exchange in a society.The higher education system must therefore provide the requisite research, knowledge and a highly skilled workforce if the nation is to compete in the global arena which is highly dynamic.
It is clear from the available literature that education including entrepreneurship is critical as it contributes to job creation and helps considerably to reduce poverty. Higher Education institutions are regarded as the custodians of knowledge in society and play a very significant role in developing a nation.
Inclination towards entrepreneurship at higher educational institutions can make a very significant contribution in promoting meaningful entrepreneurship, as they could allay the fears of failure of potential entrepreneurs by educating the students about pitfalls and risks to avoid when embarking on a new business venture. Students will thus have a fuller understanding of entrepreneurship as a phenomenon and surely become more competent stakeholders in entrepreneurship at whatever level; investor or employee, manager or entrepreneur.
Keywords:
Entrepreneurship , Higher Education
Cite Article:
"ROLE OF EDUCATIONAL INSTITUTIONS IN PROMOTING ENTREPRENEURSHIP CAPACITIES AMONG THE STUDENTS", International Journal for Research Trends and Innovation (www.ijrti.org), ISSN:2455-2631, Vol.7, Issue 8, page no.1322 - 1326, August-2022, Available :http://www.ijrti.org/papers/IJRTI2208215.pdf
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ISSN:
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator