Youth in Transition: A Study of Entrepreneurial Competency and Institutional Support in Assam

A large number of young people live in the northeastern state of Assam, India.A good number are educated, but unemployment remains an issue for them.As a result, there are now both difficulties and opportunities.Instead of job searching, many young people can start their own companies.Even so, getting a business up and running isn't always simple.You need certain skills, information and encouragement for it.They are called "entrepreneurial competencies."This research paper studies the willingness of young people in Assam to start businesses and the support they are receiving.The study relies on reports, surveys and studies by others rather than doing new surveys or interviews.The information for this report comes from the Assam startup policy, reports from the CMYIE scheme and national groups such as NSSO and the Ministry of Skill Development.Many young people in Assam are eager to start businesses, though they are often not very financially literate or good at creativity and dealing with risk.Also, support from the government is not available or is hard for people in rural areas to access.These programs such as Startup Assam and CMYIE, are useful, though they should be promoted more and available to all.Researchers have found that a key factor is how youth and their loved ones think.For most, having steady work at a government job is more appealing than risking a lot by running one's own company.Better education, simpler ways for youth to get loans and encouraging innovation will help better support entrepreneurship in Assam.Assam's young people have the ability to succeed as entrepreneurs.The right help and conditions make it possible for them to contribute to an economy that relies on itself and becomes stronger.