Skill India and Start-Up India
The Minister of State for Skill Development and Entrepreneurship R.K. Singh says that under Skill India Mission, Ministry of Skill Development and Entrepreneurship is implementing its demand-driven flagship scheme Pradhan Mantri Kaushal Vikas Yojana (PMKVY) with an objective to provide skilling to one crore people across the country in four years i.e. 2016-2020. As on 17.01.2020, 40.27 lakh and 32.34 lakh candidates have been trained and certified, respectively, under Short Term Training (STT) courses. Out of these certified candidates, 16.61 lakh candidates have been provided with placement opportunities. Also, 33.20 lakh candidates have been oriented under the Recognition of Prior Learning (RPL) component of the scheme.
Start-up India is a flagship initiative of the Government of India, intended to catalyse start-up culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India. The Department for Promotion of Industry and Internal Trade (DPIIT) acts as the nodal Department for the Start-up initiative. As of December 31, 2019, 26,804 startups across 555 districts have been recognized as startups by DPIIT. Employment of 3,06,848 jobs has been reported by 24,848 startups with an average number of 12 employees per startup."
Under PMKVY (2016-20), in order to inculcate entrepreneurship in the candidates, training in English, Employability & Entrepreneurship (EEE) module of 155 hours is being imparted in addition to the core curriculum of course. Further, TPs provide support for entrepreneurship development through facilitating bank linkages along with providing guidance and mentoring support. In addition, Pradhan Mantri Kaushal Kendras (PMKKs) are designated as Hand Holding Agencies for MUDRA loans on Udyamimitra Portal Small Industries Development Bank of India (SIDBI).
Under Stand-up India, assistance to Startups includes setting up Fund of Funds for Startups’ (FFS) at SIDBI for providing fund support for Startups, relaxed norms in Public Procurement for Startups, Tax incentives, Legal Support and Fast-tracking Patent Examination at Lower costs, Self-Certification based Compliance Regime, Setting up of Incubators and Tinkering Labs, etc.