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Government’s Proposed Scheme for Entrepreneurship Development

The Ministry of Skill Development and Entrepreneurship is currently developing a scheme to promote entrepreneurship. The proposed scheme is designed based on various categories.

The Scheme-

The proposed scheme under discussion will have following features-

Educate and equip potential and early stage entrepreneurs in India:

  • The ministry is planning to partner with various experts to establish a world-class entrepreneurship education curriculum.
  • This curriculum will be made available for budding entrepreneurs at free of cost.
  • With the power of e-Learning, aspiring entrepreneurs can take up courses as per their convenience through Massively Open Online Courses (MOOCs).
  • Also, entrepreneurship education will be incorporated into the mainstream study in approximately 3,000 colleges around the country.
  • Lastly, potential and existing entrepreneurs will be targeted for entrepreneurship education module through 50 Nodal Entrepreneurship Hubs (E-Hubs), across the country.

Connect entrepreneurs to peers, mentors, incubators:

  • In a bid to support budding lot of entrepreneurs, a mobile and web based platform connecting the whole entrepreneurial ecosystem will be established.
  • The platform members will have access to contents online like information on all government schemes and policies and other services.
  • Entrepreneurial activities especially in innovation and cutting edge technology areas will be made align with central initiatives like Atal Innovation Mission (AIM) and Self-Employment Talent Utilization (SETU).
  • New incubators will be encouraged and a national network of incubators and accelerators will be set-up to support aspiring entrepreneurs.
  • Also, it is proposed that a nation-wide network of mentors will be created to support young entrepreneurs.

Support entrepreneurs through E-Hubs:

  • The ministry plans to support entrepreneurs through coordinated delivery of government entrepreneurship programs, both central and states, by creating a national network of Entrepreneurship Hubs or E-Hubs.
  • One national, 30 state governments’, 50 Nodal and 3,000 colleges based E-Hubs will be created.

Catalyze a culture shift to encourage entrepreneurship:

  • National and state level meetings with stakeholders will be convened to promote entrepreneurship.
  • Also, international links will also be established through internship programmes as well as exchange trips to global entrepreneurship hubs in Silicon Valley and Israel.
  • Simultaneously, national brand ambassadors will be created to instill entrepreneurship culture in the country.
  • Awards will also be given to young achievers and a National Entrepreneurship Day will also be celebrated.

Encouraging Minority Entrepreneurs:

  • Special focus will be given to SC/ST/Differently abled as well as regionally under-represented areas especially North-Eastern parts of India in entrepreneurship programmes.
  • Special efforts will also be made to include incubators and accelerators to mentor these people to boost the national eco-system.

Promote entrepreneurship among women:

  • Special focus will also be given to encourage women entrepreneurs by providing good specific incentives for women owned establishments under public procurement process.
  • The proposed scheme will make sure that gender neutrality is maintained in incubation centers.

Foster social entrepreneurship and grassroots innovations:

  • Universities and academic institutes will be encouraged to launch a course on ‘Social Entrepreneurship’ including through distance education to promote social entrepreneurship in the country.
  • Adequate fiscal incentives and incubation will also be provided.
  • Also, to foster grass-roots innovation, specific focus will be given to innovations in hubs through collaborating with organizations such as National Innovation Foundation and promotion of Intellectual Property Rights will also be encouraged.

 (For more information, visit here)

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