Business Blaster Young Entrepreneur Scheme

Punjab Education Minister Harjot Singh Bains has launched a new scheme for young talent. The scheme is Blaster Young Entrepreneurship scheme. Under the scheme, the state government will provide Rs. 2000 as seed money to students of class 11 to start the business. In the first phase, the scheme will be implemented in 31 schools in nine districts of the state which includes Amritsar, Jalandhar, Ludhiana, Patiala, Sangrur, Hoshiarpur, Ferozepur, Rupnagar, and Sahibzada Ajit Singh Nagar. In the next academic year, this scheme will be implemented across all the schools of the state. Through this scheme state government want to encourage school-student to start a business, create employment opportunities in the state, and reduce unemployment.

Scheme overview:

Objectives and Benefits:

• This scheme aimed at encouraging young entrepreneurs to start businesses at the school level.
• It will help to create employment opportunities in the state.
• With this scheme, youth will become more confident and responsible.

Key Points:

• Punjab Education Minister Harjot Singh Bains approved the scheme on November 2, 2022.
• This scheme is planned for developing young entrepreneurs at the school level.
• Under this scheme, the state government will provide Rs 2,000 as seed money for class 11 students to start businesses.
• This scheme will be implemented Initially, 31 schools will be involved, including those in Amritsar, Jalandhar, Ludhiana, Patiala, Sangrur, Hoshiarpur, Ferozepur, Rupnagar, and Sahibzada Ajit Singh Nagar.
• Children need to submit business proposals first, and then those proposals will be discussed with established industrialists. Students will be divided into eight groups for a proposal if it is found to be suitable, and they will be given complete guidance,