5th BE­GIN Train­ing Pro­gram con­cludes

Bhutan Times - - Front Page - Sonam Pen­jor

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.

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