Skill development Current Affairs

Udyam Abhilasha: SIDBI launches national level entrepreneurship awareness campaign

Small Industries Development Bank of India (SIDBI) has launched Udyam Abhilasha (उद्यम अभिलाषा), a national level entrepreneurship awareness campaign. It was launched in 115 Aspirational Districts identified by NITI Aayog in 28 States.

Udyam Abhilasha

The campaign will run from 3 October to 8 October, 2018 across India and reach out to around 15,000 youth. It will create and strengthen cadre of more than 800 trainers to provide entrepreneurship training to aspiring youths across these districts to enter admired segment of entrepreneurs.

For implementing this campaign, SIDBI has partnered with CSC e-Governance Services India Limited, a Special Purpose Vehicle, (CSC SPV) under Ministry of Electronics & IT through their CSCs. It will also tie-up with Banks, NABARD, NBFCs, SFBs, District Industries Centres, State Government etc.

CSC Village Level entrepreneurs (VLEs) will play role of catalyst under this campaign for these aspiring entrepreneurs. VLEs will provide training, support aspirants to establish new units, assisting them in availing loans and make them aware about various Government initiatives like Pradhan Mantri Mudra Yojana, SUI etc. and educate them in business literacy.

Objectives of Udyam Abhilasha

  • Inspire rural youth in aspirational districts to be entrepreneurs by assisting them to set up their own enterprise.
  • Impart trainings through digital medium across the country,
  • Create business opportunities for CSC-VLEs.
  • Focus on women aspirants in aspirational districts to encourage women entrepreneurship.
  • Assist participants to become bankable and avail credit facility from banks to set up their own enterprise.

Small Industries Development Bank of India (SIDBI)

SIDBI is principal development financial institution for promotion, financing and development of Micro, Small and Medium Enterprises (MSME) sector in India. It was established on April 2, 1990 through an Act of Parliament (thus, it is statutory body). It is headquartered in Lucknow, Uttar Pradesh. It facilitates and strengthens credit flow to MSMEs and address both financial and developmental gaps in MSME eco-system across the country.

Month: Categories: India Current Affairs 2018

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India, Germany sign MoA on skill development

India and Germany have singed Memorandum of Agreement (MoA) on skill development, which will provide dual vocational education and training to Indian youth. It was signed between Ministry of Skill Development and Entrepreneurship (MSDE) and Indo-German Chamber of Commerce (IGCC).

MoA

This MoA focuses on the field of dual vocational education and training and skill development of Indian youth. Under it, students who complete specific training courses in India will get certificate that is recognised in India and also in Germany. It will these students to apply for jobs in companies in India and also in Germany. Joint body called German Indian Institute of Vocational Education and Training (GIIVET) that has been set up will look after this programme.

Background

The idea of MoA was first mooted during interaction between Prime Minister Narendra Modi and Chancellor Angela Merkel in 2015.It was later spelled out by Joint Working Group. Since then, IGCC and MSDE have hammered out details to prepare this MoA.

Month: Categories: India Current Affairs 2018

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