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Source-This post on Rashtriya Udyamita Vikas Pariyojana is based on the article “Shri Dharmendra Pradhan inaugurates the Rashtriya Udyamita Vikas Pariyojana under Skill India Mission, empowering PM Svanidhi Beneficiaries” published in “PIB” on 21st February 2024.
Why in the News?
Recently, the Minister of Education and Skill Development & Entrepreneurship launched the Rashtriya Udyamita Vikas Pariyojana in Sambalpur, Odisha.
What is Rashtriya Udyamita Vikas Pariyojana?
1. About– Designed for PM SVANidhi scheme beneficiaries, this unique National Entrepreneurship Development Project under Skill India Mission reflects the government’s commitment to fostering job creation across the nation.
2. Objective:
a. Its goal is to provide individuals with comprehensive entrepreneurship training, creating job providers instead of job seekers.
b. This initiative emphasizes the reskilling and upskilling of employees to boost their competitiveness and adaptability in an age of disruptive technology.
4. Training:
a. It will provide extensive entrepreneurship training for 22 weeks, integrating theoretical understanding with practical experience through hands-on learning.
b. The training will be delivered via offline, online, and hybrid methods. The certificates granted upon completion to enhance the course’s credibility and significance.
5. Collaboration– The Government of India has collaborated with Flipkart to provide training to street vendors and small shopkeepers.
6. Pilot phase– In the pilot program, street vendors from 10 major cities across the country will receive both training and a stipend to help expand their businesses.
Note– In the pilot phase, the project focuses on ensuring 40% participation by women.
What is PM SVANidhi Scheme?
Launched in: 2020
Nodal Ministry: Ministry of Housing and Urban Affairs (MoHUA)
Type: Central Sector Scheme
Purpose: It is a micro credit scheme for urban street vendors that aims to provide collateral-free working capital loans up to ₹50,000.
| Read more– PM SVANidhi Scheme |
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