5th BEGIN Training Program concludes
To reduce unemployment rates and to create self employment, Druk Holding and Investment (DHI) conducted training on Business Entrepreneurship Growth and Innovation (BEGIN) program to the unemployed youth.
The 5th batch of BEGIN graduates consisting of twelve entrepreneurs had successfully completed the three months DHI BEGIN Training Program which concluded on 29th July, 2014. For the BEGIN graduates who had been awarded the certificates of completion with excellence, they will be getting an opportunity to present their business plan to the investment committee of the Entrepreneurship Promotion Fund (EPF) for consideration of possible equity financing.
Chief Executive Officer of DHI, Mr. Karma Yonten said, for DHI, this program is very small but very important program that will have big impact on the future business in Bhutan as we see too trained many of our young entrepreneurs.
Yearly, many of our graduates are entering into the job markets where they face the challenges for getting the job in the civil service.
He further said, when we look at the development of Bhutan, in the real stages all mostly farmer, mostly self employed, mostly self sufficient, that was 30-40 years ago. Then education is starting having more and more graduates coming into the employment scenario. In that point of time, civil service became the biggest employer, but now the civil serve had reached to saturation limit.
But at the same time, numbers of graduates are increasing year by year and the number of unemployed is also increasing yearly. There are lots of pressures on the government as well to the country that’s in terms of these people are going to find jobs. This is where we look at the young entrepreneurs as what are the sources for providing employment for many of these people and helping in economy development of Bhutan. This is where we see you will have very important role to play even years from now. This is where, we are coming from DHI side and this are the foundation for the business in Bhutan, he added.
BEGIN participants, Mr. Tshering Penjore said, “This program has been very special. It confronts the root cause of the economic problem that we have at the moment in our country and deals with it head-on. Providing skills to entrepreneurs are the need of the hour and nobody does it better than this program. The trainers are all world-class and very supportive”.
BEGIN graduates who have been awarded certificates will be getting opportunity to avail the nine months of BEGIN Mentorship Program, whereby entrepreneurs will be provided with one-on-one mentoring by BEGIN mentors and subjects specific mentoring would be provided by DHI’s internal resources.
Since its inception in 2012, five BEGIN training program have been held. And so far, about 47 entrepreneurs have completed the training of which some have undergone the mentorship program and some are still seeking advisory support from DHI.