National Entrepreneurship Development Scheme in Telangana

National Entrepreneurship Development Scheme in Telangana

Posted by P. Charitha on September 28th 2016

30 Institutes of higher learning| 5 Schools |15 Industrial training institutes | 2 Entrepreneurship development centres| To be set up in Telangana under the National Scheme on Entrepreneurship Development| Target 7.10 lakh students|


A new scheme on entrepreneurship development has been formulated by the Union Ministry of Skill Development to create an enabling ecosystem for entrepreneurship development through entrepreneurship education and training, State Industries Secretary Mr Arvind Kumar said. The scheme targets to cover 7.10 lakh students in the country through various project institutes such as institutes of higher learning, schools, industrial training institutes, entrepreneurship development centres and skill development centres in a span of five years (2016-17 to 2020-21).


Requirements:Under the scheme, project institutes which have 2,500 sqft space or higher and can allocate at least two faculty/facilitators in the first year and an additional faculty/facilitator from second year onwards are eligible for selection.


The institutes should also have broadband connectivity of at least 100 MBPS and possess necessary audio visual equipment and computers and should enroll on an average minimum of 250 students under the project every year during the first four years.


The Centre will provide financial assistance to the selected institutions to set up infrastructure for delivering the programmes. The institutions will receive a grant of Rs 9 lakh for a period of 5 years plus additional Rs 3 lakh for infrastructure set up in government institutions.


An honorarium of Rs 5,000 per month would be provided for each faculty facilitator and towards costs related to faculty training, the statement added. (Source PTI)


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