Pradhan Mantri Yuva Yojana

IAS Prelims 2023

On the 2nd Foundation Day of Ministry of Skill Development and Entrepreneurship, Minister of State for Skill Development and Entrepreneurship Rajiv Pratap Rudy launched the Pradhan Mantri YUVA Yojana.

It is MSDE’s flagship scheme on entrepreneurship education and training.

The scheme spans over five years (2016-17 to 2020-21) with a project cost of Rs. 499.94 crore.

It will provide entrepreneurship education and training to over 7 lakh students in 5 years through 3050 Institutes.

It will also include easy access to information and mentor network, credit, incubator and accelerator and advocacy to create a pathway for the youth.

The government has taken important strides to scale up entrepreneurship in the country.

MSDE’s two institutions dedicated to entrepreneur education and training – NIESBUD and IIE- have trained more than 7 lakh trainees including 2,600 persons from more than 125 countries in the field of entrepreneurial skills till date.

After becoming a part of this Ministry, these two institutes are now focusing on mentorship of budding entrepreneurs across the country.

The institutes under the PM’s YUVA Yojana include 2200 Institutes of Higher Learning (colleges, universities, and premier institutes), 300 schools, 500 ITIs and 50 Entrepreneurship Development Centres, through Massive Open Online Courses (MOOCs).