News Excerpt:

Recently, the Union Minister of Education and Skill Development & Entrepreneurship inaugurated “Rashtriya Udyamita Vikas Pariyojana” under Skill India Mission, empowering PM Svanidhi Beneficiaries.

The objective of Rashtriya Udyamita Vikas Pariyojana:

• It aims to equip individuals with comprehensive entrepreneurship training, aligning with the vision of India’s Prime Minister of creating job providers rather than job seekers. 
• This initiative focuses on reskilling and upskilling employees to enhance their competitiveness and adaptability in an era of disruptive technology.

Key features of the scheme:

• It will offer comprehensive entrepreneurship training over a period of 22 weeks, combining theoretical knowledge with practical exposure through experiential learning. 
• The training will be conducted offline, online, and in hybrid modes, with certificates awarded upon completion, enhancing the course's credibility and value.
• It will help the street vendors and small shopkeepers become more skilled and empower them. 
• The government of India has partnered with Flipkart to skill street vendors and small shopkeepers.
• In the pilot phase, the project will be implemented through 20 Centres of the National Institute of Entrepreneurship and Small Business Development (NIESBUD), Noida and 10 Centres of the Indian Institute of Entrepreneurship (IIE), Guwahati. 
• NIESBUD and IIE will create a pool of trainers and mentors and invite representatives from the government, PSUs, industries, banks, and successful entrepreneurs to interact with trainees.
• Under the pilot program, street vendors in 10 big cities of the country will be given a stipend and training to expand their businesses.
• The Udyamita Kendra will leverage the expertise of the existing pool of resource persons from renowned institutions such as NIESBUD, IIE, and other training institutions, enhancing the wealth of knowledge and practical insights into the entrepreneurship training programs.
• It would reaffirm the government's commitment to harnessing the nation's skill potential and realizing the vision of a "Kushal Bharat Viksit Bharat." 
• The project will be piloted initially in selected districts, with a focus on ensuring 40% participation by women. 
• A robust monitoring mechanism will track progress, assess impact, and ensure adherence to quality standards. 
• Launching this project underscores the government's multi-faceted approach to skill development, including the modernization of Industrial Training Institutes (ITIs) and the establishment of the Skill India Digital (SID) Platform, providing flexible skilling opportunities accessible nationwide.