Profitable Self Employment For Youths

[Ommi]

Profitable Self Employment For Youths



There is need of urgent attention of the governments of developing countries
(like government of pakistan) to the scarcity of jobs for the fresh
graduates and to promote the concept of self employment through
entrepreneurship support for the youths in various occupations.
There is huge frustration in the youths who are not getting suitable
jobs and the parents are unable to support them due to meager means.
Small and Medium Enterprises Development Authorities should be directed
to enlist youths who have completed their education and are looking for
suitable jobs to suggest to them occupations whereby they can carry out
their own small businesses of manufacturing and services and employ
themselves profitably in commercial ventures.

Youth may find government jobs in pakistan at:
http://jobs-in-pakistan.com.pk/categories/Pakistan-Government-Jobs/

Looking all the facts there is a need of promoting entrepreneurship culture in
the developing countries for creating self employment opportunities
among the youth.

There are several occupations for cottage industries such as light
engineering goods, carpentry, plastic goods, agro based industries,
water purification, catering, baking, beauty parlors, tailoring,
embroidery, stitching units for bed sheets, linen and dusters and
hygienically prepared precooked foodstuffs and technological services
in various fields.

Small and Medium Enterprises (SMEs) should be financed through
vocational support fund under the public sector development programmes
to be managed by Small and Medium Enterprises Development Authorities
under a sound system ensuring repayment on pay as you earn schemes.
Small and Medium Enterprises Development Authorities need to
immediately take up the matter with the government that the commercial
banks are not financing the SMEs as they are not trained in SMEs
financing nor do they have the will to finance the small entrepreneur.
SME sector demand banking, insurance and leasing facilities for SMEs to
enable them borrow and repay loans on easy installments.
In the developing countries SMEs are facing difficulties in terms of
failure of the government to supply energy, water, law and order,
finance at affordable mark up and infrastructure. Governments of the
developing countries should take serious notice of the failure to
provide these basic necessities to the sector and immediately take
action for restoration of proper system and save the SME sector from
collapse.

SMEs promotion is no charity but it is the right of the SMEs and Small
and Medium Enterprises Development Authorities must not fail in
inviting the attention of the government to the needs of the SMEs
sector which is in the majority and is surely the back bone of the
economy.

Developing countries can accelerate economic growth through the SME
sector to overcome the recessionary trend of the economy, Governments
of developing countries need to adopt aggressive methods to promote and
develop the sector on priority basis as it is in the majority and
deserves the best attention of the policy makers to promote trade,
services and industry and to enhance the scope of entrepreneurship and
self employment.