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Scheme to encourage young entrepreneurs

By Niranjan Mudholkar,

Added 10 November 2016

National Entrepreneurship awards for first generation achievers below 30 years announced by Ministry of Skill Development and Entrepreneurship

The institutes under the PM's YUVA Yojana include 2200 Institutes of Higher Learning (colleges, universities, and premier institutes), 300 schools, 500 ITIs and 50 Entrepreneurship Development Centres, through Massive Open Online Courses (MOOCs).

The announcement on scheme was made at a day-long national conference of State Ministers on "Skilling with quality" which saw more than 80% of the States making their representations. The conference emphasised on the need for strengthening institutional mechanisms for skill development at the State level and bringing in a more robust framework ensuring quality output, outcome and impact on the youth of our country.

Emphasising on the importance of being self-sustainable, MSDE announced the institutionalisation of National Entrepreneurship awards for first generation achievers below 30 years, for the very first time. The Entrepreneurship Awards are proposed to be given on 16 January 2017.

The young entrepreneur will be awarded in various sectors contributing to the economy of our country. Equal emphasis has been given to recognize the meaningful contribution of ecosystem builders in this award process. Equal focus has been given to recognize young people from socially disadvantaged groups.

END