Entrepreneurship Ecosystem Builders Current Affairs - 2019

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4th edition of National Entrepreneurship Awards 2019

Union Ministry of Skill Development and Entrepreneurship (MSDE) announced fourth edition of National Entrepreneurship Awards, 2019 with aim to honour outstanding young 1st generation entrepreneurs as well as ecosystem builders for their exceptional contribution in entrepreneurship development. They will reward the most innovative, inspiring and accomplished micro entrepreneurs to scale up their business.

About National Entrepreneurship Awards

These annual awards have been instituted by MSDE to honour outstanding young first generation entrepreneurs and ecosystem builders for their exceptional contribution in entrepreneurship development. The awards seek to instill and entrench entrepreneurial attitude among the future generations and the Youth of India.

Categories: There are a total of 45 specially designed awards to be bestowed – 39 Enterprise Awards and 6 Awards for Entrepreneurship Ecosystem Builders.

Eligibility: To be eligible for these awards, the nominee (entrepreneur) must be (i) under the age of 40 years; (ii) first-generation entrepreneurs; (iii) hold 51% or more equity and ownership of business and women entrants individually or collectively owning 75% or more of the enterprise.

Cash prize: Winners will be presented with Trophy, Certificate and Cash Prize of Rs. 5 lakh (enterprises/ individuals) and ₹Rs. 10 lakh (organizations/ institutes).