Press Information Bureau
Government of India
Ministry of Skill Development and Entrepreneurship
04-December-2014 16:59 IST
Schemes for Young Entrepreneurship

Minister of State (Independent Charge) for Skill Development & Entrepreneurship Shri Rajiv Pratap Rudy has said that the Government runs and promotes a variety of programes across India, aimed at promoting entrepreneurship among the youth. These include specialized management programmes & technology enhancement programmes amongst others. Skill Development Division under the Ministry of Micro, Small and Medium Enterprises (MSME) coordinates Plan scheme “EDPs (IMC/EDP/ESDP/MDP) Scheme”.

In a written reply in the Rajya Sabha today Shri Rudy said, programmes like Industrial Motivational Campaigns, Entrepreneurship Development Programmes, Entrepreneurship-cum-Skill Development Programmes and Management Development Programmes are being undertaken through this scheme. These programmes are conducted through 30 MSME Development Institutes. The ministry of MSME has three national level Entrepreneurship Development Institutes (EDIs) namely - National Institute for Entrepreneurship & Small Business development (NIESBUD), NOIDA, National Institute for MSME (Ni-MSME), Hyderabad and Indian Institute of Entrepreneurship (IIE), Guwahati - for conducting entrepreneurship & skill development activities covering the entire country. Apart from that there are 18 MSME Tool Rooms & Technology development Centres which also conduct entrepreneurship & skill development programmes in the country.

The Minister said, National Science & Technology Entrepreneurship Development Board (NSTEDB) established by the Government of India under the aegis of Department of Science & Technology, is an institutional mechanism aimed at promoting knowledge driven and technology intensive enterprises.

Further, the Small Industries Development Bank of India (SIDBI) has undertaken a number of activities like launching a virtual mentor website, setting up Credit Advisory Centres, Micro Enterprise Promotion Programme, among others for budding and existing entrepreneurs to set up new units and grow the existing ones, Shri Rudy added.

He said, the office of the development commissioner under the Ministry of MSME is implementing the incubation scheme “Support for Entrepreneurial and Managerial development of SMEs through Incubators”. As per the Guidelines, the Ministry recognizes Host Institute/Business Incubator for implementing the scheme through a selection committee constituted under the Chairmanship of AS & DC (MSME). These institutions have appropriate number of faculties, technical expertise and infrastructure for nurturing the innovative ideas.

SIDBI has supported setting up of SIDBI Innovation and Incubation Centre (SIIC) at Indian Institute of Technology, Kanpur in January 2002. SIIC has so far incubated 48 start-ups in diverse areas of state of the art technologies out of which 22 have already graduated, the Minister added.