Ministry of Skill Development and Entrepreneurship Current Affairs
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The Ministry of Skill Development and Entrepreneurship (MSDE) presented the National Entrepreneurship Awards 2018 by honouring 30 outstanding young entrepreneurs and three entrepreneurship ecosystem builders for their exceptional contribution in entrepreneurship development at a ceremony held in New Delhi.
Those honoured included:
- Roshan Kahtoon, 23, from Bihar, who despite her physical disability, has beaten all odds and has set up a small bangle manufacturing unit.
- Shruthi Reddy Sethi, 33, of Kolkata, who began Anthyesti Funeral Services to provide end-to-end funeral management service.
- Tana Sumpaaged, 35, of the Nyishi tribe, Arunachal Pradesh, who is successfully running piggery farms and fisheries and helping local people, women, housewives and unemployed youth with quality training and livelihood support.
- Mahipal Chary Kadivendi, 38, of Telangana, who has developed a self-propelled weeder-cum-cultivator that can be used for a number of agricultural processes such as hoeing, weeding, tilling, sowing and also for applying fertilizer or insecticides.
National Entrepreneurship Awards
The National Entrepreneurship Awards was instituted by the Ministry of Skill Development and Entrepreneurship in 2016 to encourage a culture of entrepreneurship across the country.
Each of the enterprise/individual winners receives a trophy, certificate and a cash prize of Rs 5 lakh, while each of the winning organizations/institutes receives a trophy, certificate and a cash prize of Rs 10 lakh.
Union Government has appointed Anil Manibhai Naik as Chairman of National Skill Development Corporation (NSDC). He is currently Group Chairman of engineering conglomerate Larsen and Toubro (L&T). He was awarded Padma Bhushan, India’s 3rd highest civilian award in 2009 for his outstanding contribution to economic growth of the country.
National Skill Development Corporation (NSDC)
NSDC is Public Private Partnership (PPP) under Ministry of Skill Development & Entrepreneurship (MSDE). It was founded in 2009 as not-for-profit company by Ministry of Finance to address need for providing skilled manpower across various industry sectors. Government of India (GoI) through MSDE holds 49% of share capital of NSDC, while private sector has balance 51% of the share capital. NSDC aims to promote skill development by catalyzing creation of large, quality and for-profit vocational institutions. Its objective is to create training capacity in the country; fund vocational training initiatives and create market ecosystem for skill development. Its mandate is to train 150 million people by 2022. It is also involved in re-skilling and also in catering to skilled manpower requirement of overseas markets, most notably that of Japan (under TITP) and UAE.
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