| E Abraham inaugurates the programme at XLRI on Monday. (Bhola Prasad)
From next year, you will get double the time to learn how to be a wealth creator at XLRI, Jamshedpur.
The premier B-school has decided to make the postgraduate programme for certificate in entrepreneurship management (PGP-CEM) a yearlong course. So far, it was a six-month programme.
However, the third batch of the PGP-CEM, launched on Monday at the TMDC auditorium, continues to be a six-month affair. Chairperson of the Entrepreneurship Development Centre (EDC) Prabal K. Sen explained why.
We are very serious about extending the tenure of the entrepreneurship course up to a year because six months is too short to teach students the various facets of starting and running an enterprise. But the process involves certain modalities. We have to take permission from the state industries department before we hike the duration and the fee, he said.
XLRI started the concept of EDC to promote entrepreneurship in Jharkhand and the country. Jharkhand candidates have 50 per cent reservation based on an MoU signed with the state industries department in 2010. The course gives an insight into business, human resource, economics, strategies and insight into specific areas, say for instance family business or agro-business. Around 60 per cent of students from the last two batches have started their own business ventures.
The third batch has 58 students, each of whom paying Rs 55,000 for the six-month course. They have come from diverse academic backgrounds engineering, management, medicine, chartered accountancy, post-graduation in different streams and states such as Maharashtra, New Delhi, Goa, Assam, Andhra Pradesh, Madhya Pradesh, Uttar Pradesh, Punjab, Haryana and others nearer home.
This is a place where we motivate students to create wealth for themselves and for others, become job creators. XLRI believes in social and knowledge development. I hope we get a group of entrepreneurs at the end of the course, Father E. Abraham said, launching the new session with XLRI dean (academics) Pranabesh Ray and EDC chairperson Sen.
How does the course score? Fairly well, except in one respect. More women should be on its rolls. Even in the new batch, out of 58 students, only 10 are women, said XLRI dean Ray.