Introduction
In a significant move to support and encourage entrepreneurship, the Indian government has launched the Rashtriya Udyamita Vikas Pariyojana. This initiative is one of the many government schemes for business aimed at creating a thriving environment for startups and MSMEs across the country. Announced by Dharmendra Pradhan, the Education, Skill Development & Entrepreneurship Minister, on February 21, 2024, this scheme is set to play a crucial role in promoting business growth and self-reliance in India.
What Is Rashtriya Udyamita Vikas Pariyojana?
The unemployment rate is increasing as skilled workers are decreasing indicating that it has become crucial to shift job seekers from being job seekers to becoming job creators. The Rashtriya Udyamita Vikas Pariyojana is an initiative under Government Schemes for Business designed to skill street vendors and shopkeepers so they can remain competitive and adaptable in this fast-paced technological market.
Benefits of Rashtriya Udyamita Vikas Pariyojana
This program has many benefits for aspiring entrepreneurs, especially those who take part in PM-Svanidhi programs. The main ones include:
- Comprehensive Training: The 22-week coaching programme includes both theoretical inputs as well as hands-on practical activities. It can be done online or offline or through hybrid mode.
- Collaboration with Flipkart: In this case, Flipkart has been brought on board so that street vendors and small shopkeepers receive training on how they can succeed in the digital economy.
- Focus on Women and Marginalised Groups: It aims at ensuring that 40% participation from women while also giving preference for applicants from disadvantaged sections such as ex-servicemen, persons with disabilities, BPL category etc.
For more information related to this Government Scheme, its eligibility, and application process visit Jaagruk Bharat’s guide on Rashtriya Udyamita Vikas Pariyojana.
Implementation of This Government Scheme for Business
Several stages are involved in executing this project successfully:
- Proposal Submission: Implementation Agencies submit proposals to DC MSME.
- Approval Process: The proposals are reviewed or rejected by an authorised committee.
- Organising Training: Training programmes will be organised through industry clusters and social enterprises.
- Feedback Mechanism: Participants’ feedback would be collected through web-based MIS which would be monitored by the Director/Nodal Officer
Conclusion
Rashtriya Udyamita Vikas Pariyojana is one such govt scheme initiative that provides extensive training and support for MSMEs to empower them. It’s not based merely on training but also on mentoring so that participants can apply what they learn to real-life situations. By focusing on entrepreneurship and skill development, the government reiterates its commitment to “Kushal Bharat, Vishal Bharat”.
For more information about it as well as other government-sponsored training programs visit Jaagruk Bharat.
