National Entrepreneurship Awards 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).

National Entrepreneurship Awards 2018 presented at New Delhi

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.