The Ministry of Skill Development and Entrepreneurship (SDE) and Wadhwani Operating Foundation (WOF) signed two Agreements for effectuating an earlier understanding of jointly developing and implementing Entrepreneurship and Skill Development initiatives in the country with the Pradhan Mantri YUVA Scheme being the first joint effort in this regard.
Pradhan Mantri YUVA Scheme launched by the Ministry during November, 2016 aims at providing on line Entrepreneurship Education to about 15 lakh students across the country through 3050 Project Institutes consisting of Institutions of Higher Learning; Schools; ITIs and Entrepreneurship Development Centres, both Government and Private.
The on-line Entrepreneurship Modules will be duly supplemented by the class room based experiential learning activities and practicums which will be facilitated by specially trained Faculty of the educational institutions.
The Ministry would also provide financial assistance to these institutions for different activities under the Scheme. The total scheme outlay is Rs.450 crores.
The five-year Scheme is expected to witness setting up of more than 23,000 enterprises thus resulting into creation of more than 2.30 lakh direct and indirect jobs in the country.
The Scheme also envisages delivery of specially developed Social Entrepreneurship Modules to interested students in Institutions of Higher Learning.
The WOF, in capacity of Knowledge Partner is contributing, free of cost, Software, Content and Intangibles such as faculty and field staff training and program consulting services under the Scheme.
