MSME programme to train entrepreneurs

- Advertisement -

Out of a target of 200 programmes this year, MSME-DI Okhla unit has so far conducted only 16 programmes

It is now widely accepted that a key element in promoting micro and small enterprises (MSEs), particularly in relation to first generation startups, is the need to develop entrepreneurship skills. Hence, the Ministry of Micro, Small and Medium Enterprises (MSME) had introduced an entrepreneurship development programme in 2008.

This programme which includes several sub-programmes, trains new talents in various aspects of industrial activities, and are designed to upgrade the skills of prospective entrepreneurs and the existing workforce. Expert faculty members from institutes like the Directorate General of Foreign Trade, Industrial Training Institutes, etc, are hired to impart training, and the courses and training format are prepared by experts from MSME in consultation with various agencies dealing in export promotion and business development.

- Advertisement -

MSME-Development Institute (DI), the government body assigned to carry out the MSME training programmes, has been entrusted with the responsibility of conducting these training programmes.

Achievement vs target

“Every unit of MSME-DI is given an annual target to organise such programmes. This year, the MSME-DI Okhla unit alone has a target of about 150-200 programmes,” conducting informs RP Vaishya, director, MSME Testing Centre, an arm of MSME-DI that provides technical training.

However, of these 200 programmes, MSME-DI Okhla has so far conducted only 13 programmes under the Entrepreneurship Skill Development Programme (ESDP), two programmes under the Entrepreneurship Development Programme (EDP) and one under export management.

Each programme has a separate budget allocated—ESPD has a budget of Rs 60,000 per programme, while EDP and Management Development Programmes (MDPs) are assigned Rs 20,000 each. Although these programmes are quite popular as is evident by the large number of registrations that MSME gets, so far only 16 programmes have been executed.

Selection criteria

Each programme has a different duration and training fee, which is a meagre amount (see Box). MSME-DI committees select the candidates, taking into consideration their qualifications, past experience and suitability. The minimum age of the candidate is 18 years and there is no upper age limit.

Some programmes like EDP require specific qualifications. Some of these programmes also offer a stipend. A certificate is given to all the candidates after they have satisfactorily concluded the training programme. “These programmes help in providing basic as well as higher levels of training, but since these programmes are of a short duration, we cannot expect to churn out experts. Our main objective is to give the candidates a good idea

about the industry and the market. But among candidates who have prior professional knowledge, we hope that after attaining the high level training from us, about 5-10 per cent of them will be able to start their own enterprises,” shares RP Vaishya.

One month prior to any programme, MSME markets the programmes through newspaper advertisements and its website. As soon as it gets 20 candidates, it starts its session as per the schedule.

Anybody interested in the training programme can contact MSME-DI or visit http://dcmsme.gov.in/Enterprise&killDevelopment.htm.

Types of training programmes
EDPs target those who already have some professional training or have a degree in a professional course. Through this programme, participants come to know about the industrial scenario, financial patterns, agencies that help in preparing project reports, and how to analyse market surveys. This two-week programme has a nominal fee of Rs 100.
ESDPs are six week basic training programmes, which include factory visits for first hand training. The fee for this programme is Rs 200.
Management development programmes (MDPs) impart knowledge about export promotion, market analysis, personality development, etc. With a timetable that covers 40 hours a week, the training charges are Rs 400.
- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Report Suggests India’s EV Sales Will Surge, Rising 66% In 2024

0
In 2023, sales of electric vehicles (EVs) in India almost doubled due to increased consumer interest, government actions, better infrastructure, and climate change worries....

Ascend Performance Materials: Pioneering Innovation in the Electronics Sector

0
Bridging material advancements in plastics and technological progress, Ascend leads with customised solutions for a safer, reliable and greener tomorrow. Q. How would you explain...

DigiKey Expands Portfolio With 3PEAK

0
This collaboration adds amplifiers, interface components, data converters, and more, catering to industries such as communication, industrial, medical, and automotive.  In a strategic move aimed...

Buzz

Microsoft’s $1.5B AI Venture In UAE Stirs Global Interest

0
New partnership with G42 promises transformative AI advancements in emerging markets, impacting tech and geopolitics. Microsoft has announced a strategic $1.5 billion investment in UAE-based...

Tesla Power, E-Ashwa To Introduce India’s First EV With Fire Safety Tech

0
The partnership also expands to include the provision of after-sales support for electric vehicle customers by establishing a comprehensive network of sales and service...

Elektrobit Introduces EB zoneo GatewayCore Featuring Infineon’s AURIX TC4x

0
The EB zoneo GatewayCore is designed to connect hardware-dependent accelerators with the Classic AUTOSAR framework, providing adaptable support for intricate routing scenarios. Elektrobit, a premier...

Important Sectors

Tesla Power, E-Ashwa To Introduce India’s First EV With Fire Safety Tech

0
The partnership also expands to include the provision of after-sales support for electric vehicle customers by establishing a comprehensive network of sales and service...

Elektrobit Introduces EB zoneo GatewayCore Featuring Infineon’s AURIX TC4x

0
The EB zoneo GatewayCore is designed to connect hardware-dependent accelerators with the Classic AUTOSAR framework, providing adaptable support for intricate routing scenarios. Elektrobit, a premier...

Raptee’s Cell Chemistry Extends Battery Life, Says Dinesh Arjun

0
The Co-founder and CEO of Raptee disclosed that the company is currently sourcing its cells from a variety of countries. Dinesh Arjun, the Co-founder and...

AVL And Red Bull To Create High-Density Fuel Cell Technology

0
The advanced technology, featuring ultra-high power density and a lightweight design, is said to be two-thirds lighter than traditional fuel cell systems. This partnership...

Raptee Debuts First EV Motorcycle From Chennai Plant

0
Raptee Energy is gearing up for the commercial launch of its motorcycles by priming its assembly line, preparing the initial batch for testing, and...

Manufacturing

AVL And Red Bull To Create High-Density Fuel Cell Technology

0
The advanced technology, featuring ultra-high power density and a lightweight design, is said to be two-thirds lighter than traditional fuel cell systems. This partnership...

JJG Aero Secures $12 Million Investment From CX Partners

0
The Bengaluru-based aerospace components manufacturer intends to use the funds primarily to enhance vertical integration, increase production capacity at the new site, and support...

Tata Electronics Finalizes Semiconductor Agreement With Tesla

0
Ashok Chandak, the head of the India Electronics and Semiconductor Association (IESA), highlighted that Tesla’s initiative to establish a network of domestic suppliers for...

Sterling Tools Targets 40% of Sales from EV Business by FY25

0
This increase is anticipated to come from the EV business segment, which is integral to the company's strategy to diversify its operations. With a certain...

Lanxess, IBU-tec Partner To Develop Iron Oxides For EV Batteries

0
The collaboration focuses on enhancing the performance of LFP (lithium iron phosphate) cathode materials and reducing batteries' carbon footprint. Utilizing local raw materials, the...