Student's corner

Dear Students,

LAST WEEK WE ASKED: Do you think government's move to provide loan for vocational training will help promote skill development?

BEST RESPONSE

Vocational training focuses on practical applications of a job. Thus it will help to enhance individual employability, reduce the mismatch between demand and supply of skilled manpower and provide an alternative for those pursuing higher education without particular interest. These are aimed at preparing students for entry into the labour market and even after vocational training there opens scope for higher learning. Thus it will help to promote skill development.

-- Nilaya Mitash Shanker, Shri Ram Swaroop Memorial College of Engineering And Management (SRMCEM), Lucknow.

OTHER RESPONSES

Despite being a developing country, India still has a growth rate of mere two per cent in a manpower resource generation per annum. It also lacks in innovation and R&D even as it depends heavily on the agricultural sector. Hence, growth through diversification can happen only when the skills will develop. So government providing loan for vocational training will indeed promote skill development provided it is properly communicated to the target audience with its advantages.

-- Jimit Parikh, St. Kabir Institute of Professional Studies, Ahmedabad.

As education is costly now-a-days, the governments' initiative to provide loan for vocational training is definitely helpful in skill development of the students as number of students are facing problem of insufficient funds and cannot afford costly education. Moreover, buoyed by government providing loan for training, private institutes may also offer reasonable fees to candidates.

-- Nirav N Choksi, S V Institute of Management, Kadi.

Vocational training prepares candidates for jobs that are based on manual or practical activities. The move of government to provide helping hand through loan will enforce skill development. It will enable financially poor students to become a part of it as well as cope up to the requirements of the labor market. Thus such a move by government is likely to be appreciated. The economies demand higher levels of skill and in such condition the financial support from government will come handy to the needy ones.

-- Shivam Chhabra, Integral University, Lucknow.

Many people require skills that they can not learn due to imbalance between their small pockets and big fees. With the help of these loans they will get a support to learn and develop their skill through practical knowledge being imparted to them. The level of literacy in India cannot predict the amount of skill development in the country. However, the latter can escalate overall manpower development through such training.

-- Sumit Kanojia, St.Kabir Institute of Professional Studies, Ahmedabad.

This move will benefit the low-income students who cannot pursue general education. Vocational training is a modest substitute to general technical education, wherein a person can learn specific skills to make him qualified for a job or to start his own small business. However, the quality and standards at these vocational training centers needs to be first improved to significantly promote  skill development.

-- Akshay Chadha, NSIT, Delhi.

Vocational training are required to transform the theoretical concepts acquired while studying a professional degree into practical approach. It gives an exposure to a student to the real-time working of industry.The government's move to provide loan in such cases is a good attempt in offering opportunities to students for growth and providing more buoyancy to their confidence level. Moreover, it will help students to choose a particular industry vertical wisely according to their caliber, expertise and taste.   

-- Nandish Agarwal, Galgotias College of Engineering and Technology, Greater Noida.

In a cut-throat competition, it is a need for an individual to have a better skills so that he can outperform the crowd and outshine others in his respective field. The government's move towards in this direction is appreciated. But the issue is whether these courses add value in the overall personality development of an individual or not. Government can only help financially but ultimately it is the individual who has to practice daily for his true skills development.

-- Harsh Mehta, St. Kabir Institute of Professional Studies, Ahmedabad.

Your responses should reach us at edu@businessstandard.com by Monday evening every week. Please ensure that your responses do not exceed 100 words. Avoid attachments and email your full name, institute's name, batch and complete mailing address. The student who gives the 'Best Response' will be awarded Rs 500.

THIS WEEK'S QUESTION: Do you think entrepreneurs in India will be more successful if government provides them financial support?