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Entrepreneurship can strengthen democracy, society: President


Political cannot be strong in the absence of economic and social democracy, which can be achieved through and financially self-reliant individuals, said here on Sunday.

"Improvement in the economic condition of the deprived sections is imperative. Many initiatives taken under the 'Sabka Saath, Sabka Vikas' and 'Sabka Samman, Sabka Utthan' are with this aim to strengthen through entrepreneurship," he said at the inauguration of the 'Economic Conclave' organized by Rambhau Mhalgi Prabodhini here this morning.

"These programmes have a singular goal of strengthening economic and social democracy, with the idea that if anyone has to really help someone, then he/she should be made financially self-reliant," he said.

Kovind, however, also noted that the promotion of an entrepreneurial culture cannot be the sole responsibility of the government and the family, educational institutions, private sector banks, NGOs, all should help to create an environment where private enterprise is encouraged.

"Together, we should create a culture in which self-employment is not chosen just due to the compulsion of not getting a job. The idea of becoming a job-giver instead of job-seeker should be embraced," he urged.

The pointed to programmes like Venture Capital Funds for money planning, Start-up India, Stand-up and for backward classes entreprenuers and called upon the youth from all sections to take advantage of these to make themselves self-reliant.

On opportunities, he said that now four percent of total procurement of central government and public enterprises has been made mandatory from entrepreneurs hailing from SC/ST categories.

The most fundamental work in the direction of 'economic democracy' is in the form of public funding since having a is the first step to take part in the process.

Towards this end, the government's Scheme has enabled more than three crore people to of which 52 percent are women.

Later in the afternoon, Kovind visited Gorai in north and laid the foundation stone for the second Dhammalaya meditation centre at the Vipassana Global Pagoda, which is the world's biggest Pagoda.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, January 14 2018. 17:52 IST