Union Government launches Pradhan Mantri Yuva Yojana for entrepreneurs
The Union Ministry of Skill Development and Entrepreneurship has launched of Pradhan Mantri Yuva Yojana (PMYY) to scale up an ecosystem of entrepreneurship for youngsters.
The scheme was launched by Union Minister of State(I/C) for Skill Development and Entrepreneurship Rajiv Pratap Rudy to mark 2nd Foundation Day of Ministry of Skill Development and Entrepreneurship (MSDE).
- PMYY is MSDE’s flagship scheme on entrepreneurship education and training. The scheme spans over five years (2016-17 to 2020-21) with a project cost of 499.94 crore rupees.
- It will provide entrepreneurship education and training to over 7 lakh students in 5 years through 3,050 institutes.
- It will provide easy access to information and mentor network, incubator, credit and accelerator and advocacy to create a pathway for the youth.
- The institutes under the PMYY include 2,200 institutes of higher learning (colleges, universities, and premier institutes), 500 ITIs, 300 schools and 50 entrepreneurship development centres through Massive Open Online Courses (MOOCs).