President Ram Nath Kovind on Sunday said the concept of employment is gradually changing from conventional jobs to self-employment.

Speaking at the diamond jubilee celebrations of PGDAV College, University of Delhi, the President said the definition of employment is changing.

"Employment is no longer just a conventional job. Creating self-employment opportunities for yourself and for others has become more feasible," he said.

In order to encourage self-employment, the Government is providing assistance through various schemes, he added.

Kovind urged students to use these opportunities for their career development as well as to create opportunities for others.

The President said the 21st century is the age of the Knowledge Economy. In today’s era, the power of new ideas, new thinking and innovation is greater than money, he said.

He pointed to the success of youth and their start-ups in online commerce, transport and tourism as examples. More than capital investment, it is human talent and ingenuity that is behind such success.