The corona lockout has stopped the economic growth of the world. In India, the unemployment problem has sky rocketed due to closure of industries and restrictions on travel. This may lead to anarchy and violent protests unless all work relentlessly and collectively to counter this impact on our economy and progress.
There is a more responsibility on seniors and retired people to come forward and support young youth to start business and earn livelihood. Investing in shares and bank deposits is not going to help in near future, as the economy is moving on downward path and chances are that you will loose money.
Instead if the seniors invest their money and employ the young workforce and guide them to build business, it will be benificial to both. You can build a sustainable small business in your field of expertise and knowledge and can find customers easily due to you contacts in local community.
In India, foreign MNCs are entering with huge funds and wish to capture Indian customers. In education field, they have made inroads and already established supremacy in online education.
It is possible that India will face intellectual slavery if we sell our intellect and experience to further the interests of these MNCs.
On the other hand if professionals, small businesses come together and build a sustainable growth model, we can proect ourselves and move towards Atmanirbhar Bharat.
It is not possible for government to give jobs to all or provide help to start industries to youth without any financial backup and industrial experience oe ability to take financial risk. Our interest rates are very high and new industry and business cannot sustain that load when the profits seldom exceed 15 percent. Only seniors can take such risk, as any way, they are taking risk in putting money in banks.
Dnyandeep Foundation has decided to motivate such start-ups having combination of senior-juniors and shall provide all necessary help in digital marketing and online training.
For IT sector, Dnyandeep Foundation can give portfolio of work to start with to members who can start free lance work and work through Dnyandeep Foundation, till they come out of initial hurdles and then can start on their own.
At personal level, I have decided to invest my money in this endevor and I am sure many young students will take advantage of this scheme.
I appeal to all seniors and retired persons to spend maximum time for inspiring, training and helping youth, who will build tomorrow's strong Bharat. --- Dr. S. V. Ranade, Dnyandeep Foundation, Sangli
