The scheme focuses on comprehensive entrepreneurship training through NIESBUD and Indian Institute of Entrepreneurship (IIE) Guwahati aligned with the vision of the Prime Minister in creating job providers in the country. The virtual launch was scheduled across 10 cities, witnessing nationwide participation in the initiative.
The initiative was also launched virtually by the Education Minister across 9 cities including Bhopal, Kanpur, Indore, Varanasi, Bharatpur, Shillong, Silchar, Dibrugarh, and Guwahati, emphasizing the nationwide scope of this initiative.
Tailored specifically for beneficiaries of the PM SVANidhi scheme, this unique National Entrepreneurship Development Project underscores the government's steadfast commitment to nurturing job providers across the nation. The Rashtriya Udyamita Vikas Pariyojana aims to equip individuals with comprehensive entrepreneurship training, aligning with the vision of the Prime Minister Narendra Modi of creating job providers rather than job seekers. Recognizing the imperative to adapt to the evolving job market, this initiative focuses on reskilling and upskilling employees to enhance their competitiveness and adaptability in an era of disruptive technology.
The Rashtriya Udyamita Vikas Pariyojana will offer comprehensive entrepreneurship training in over a period of 22 weeks, combining theoretical knowledge with practical exposure through experiential learning. The training will be conducted through offline, online, and hybrid modes, with certificates awarded upon completion, enhancing the course's credibility and value.
He said during the launch, “Launch of National Entrepreneurship Development Project for the beneficiaries of PM Svanidhi Yojana from Sambalpur, the holy land of Samlei, will help the street vendors and small shopkeepers to become more skilled and will empower them. Under this scheme, the Government of India has partnered with Flipkart to skill street vendors and small shopkeepers. Under the pilot program, street vendors and brothers and sisters of 10 big cities of the country will be given a stipend along with training to expand their businesses.”
He further said, “After 75 years of independence, with Prime Minister Shri Narendra Modi, the country has got a leader who has taken care of the small vendors and businesses. Today, lakhs of such small shopkeepers and traders are becoming self-reliant with the easy loans of Pradhan Mantri Svanidhi Yojana. Small shopkeepers and street vendors are getting loans at low interest only on the guarantee of Modi ji. Where there is a double engine government, loans are available even at zero interest. This is the strength of the double engine government. If a double engine government is formed in Odisha too, arrangements will be made to give loans at zero interest. The brothers and sisters who earn their living from small businesses are Modi ji's priority. It is Modi ji's guarantee to make the small businessmen of the country big and empower them, including the ones who belong to Sambalpur and Odisha.”
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.
With a focus on entrepreneurship promotion, the Ministry of Skill Development and Entrepreneurship, NIESBUD, and IIE have collectively trained over 17 lakh individuals in entrepreneurship development programs, marking a significant achievement in India's journey towards fostering a culture of entrepreneurship, said the official statement.
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