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

Growth Opportunities Connected With The Growing Semicon EcoSystem In India

0
India must concentrate on electronics products and semiconductor components, as progress in one area reinforces the other. The country can unlock immense economic opportunities...

“Don’t Let Designations Become A Wild Goose Chase”

0
In his childhood, he possessed just one sweater, meant to last through many winters. He could not join IIT Roorkee because the cost of...

“Capitalise On ‘China Plus Two,’ Where Products With Higher Value Addition Become The Focus”

0
EPIC Foundation aims to transform India into an electronics hardware product nation by collaborating with governments, universities, design houses, and startups. In a conversation...

Buzz

Ultraviolette Aims For European And Middle Eastern Expansion

0
Niraj Rajmohan, Co-Founder and CTO of Ultraviolette stated that 2024 is set to mark the company’s foray into international markets while simultaneously strengthening its...

Chargeup’s Goal: 25,000 Drivers In 17 Cities By 2025, Prioritizing Smaller Cities

0
Chargeup, the forefront battery financing and comprehensive EV asset management platform in India, is on a mission to integrate 100,000 drivers within the upcoming...

Ampere Nexus, Electric Scooter Launching April 30th

0
Greaves Electric Mobility’s Nexus, having recently traversed the distance from Kashmir to Kanyakumari, is set to be the brand’s inaugural luxury electric scooter and...

Important Sectors

Exploring India’s Limited Selection: Just Six Robust Hybrids Priced Under ₹ 5 Million

0
As the United States passenger car market embraces hybrid vehicles, India’s car market is teeming with benefits and convenience for consumers. Yet, within the...

Top 10 Selling Electric Cars In The World

0
In the list of top 10 selling electric cars in the world, it seems to be a tight race between China’s BYD and the...

Ultraviolette Aims For European And Middle Eastern Expansion

0
Niraj Rajmohan, Co-Founder and CTO of Ultraviolette stated that 2024 is set to mark the company’s foray into international markets while simultaneously strengthening its...

Ampere Nexus, Electric Scooter Launching April 30th

0
Greaves Electric Mobility’s Nexus, having recently traversed the distance from Kashmir to Kanyakumari, is set to be the brand’s inaugural luxury electric scooter and...

Ford Investes In Expanding EV Software Capabilities At Chennai Hub

0
Ford Business Solutions India, presently with a staff of 12,000, is poised to expand by an additional 3,000 employees. Ford, recognized for its efforts...

Manufacturing

Honda plans major EV factory construction in Canada,

0
Honda's dedication to this facility reflects its wider ecological objectives, which include a target to only offer zero-emission vehicles by 2040 and to attain...
Sona Comstar

Sona Comstar Launches Mexico Plant For North American EV Demand

0
The new facility, established to address the increasing demand for premium driveline solutions for BEVs in North America, will focus on manufacturing differential assemblies...

Sterling Tools Inks MoU With Yongin For EV Components Facility

0
Sterling Tools announced that this strategic partnership is anticipated to bring in Rs 250 crore in business over the next five years. This collaboration...

Tata Elxsi-Renesas MCU Boosts EV Cost Efficiency And Market Speed

0
The Motor Control Unit's modular, scalable design facilitates integration across various EV applications, reducing time to market by 40%, lowering design and development costs...

Ramkrishna Forgings To Supply Powertrain Parts To Top US Electric Carmaker

0
Indian producer of rolled, forged, and machined products enter the US electric vehicle market for the first time. Ramkrishna Forgings, an Indian supplier of rolled,...