Students of the Indian Institute of Technology (IIT), Udaipur keen on taking up entrepreneurial challenges over a secure campus placement process, now have a backup with the institute introducing a ‘deferred placement policy’ this year. Also Read - Inspiring! Meerut Woman Who Left Home To Avoid Forced Marriage Returns As PCS Officer 7 Years Later
Deferred placement policy is scheme that aims at promoting entrepreneurship among its students. The policy enables students to start up their own venture with minimum risks. If the enterprise does not succeed in a stipulated period, they could come back and join the campus placement process. Thus in case of the failure of the start-up, there shall be an opportunity to participate in the campus placements after two years. Also Read - Before Reporting For Duty, This Bengaluru Cop Teaches Children of Migrant Workers Everyday For An Hour
In this series, IIM Udaipur went a step further to not only encourage entrepreneurship with a compensation of Rs. 20,000 for hardship, but also extended support to the social progress. This was done by making a provision for students to opt to work in a social sector or to start an NGO. The students who shall opt for social sector will get a reimbursement of their tuition fees over a period of three years, if they continue to be in the same sector. Also Read - Ready to Send Children Back to School? 78% Parents Say No, Willing to Let Kids Repeat An Academic Year
Deferred placement is an attempt to help spur the appetite for entrepreneurship and risk-taking among young graduates at the country’s premier engineering and management institutions.
IIT Kanpur is also in discussion regarding the application of deferred placement policy and would be taking a decision on it soon.
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