Welcome Guest

Businessex.Com
Home News MSDE along with NSDC, Wadhwani Foundation to take skill and entrepreneurship development to national scale

MSDE along with NSDC, Wadhwani Foundation to take skill and entrepreneurship development to national scale

Tags: skill development, entrepreneurship, Wadhwani Foundation, NSDC

February 06, 2015 | COMMENTS ( 0 )

MSDE along with NSDC, Wadhwani Foundation to take skill and entrepreneurship development to national scale

Ministry of Skill Development & Entrepreneurship (MSDE), National Skill Development Corporation (NSDC) and the Wadhwani Foundation announced a strategic partnership to catalyse Government of India's broad policies and new initiatives on skill development and entrepreneurship.

Key areas of collaboration include creating specific programs on entrepreneurship education & training within our college systems, integrating skills at school and higher education levels, skill development through multi-skill Institutes and skill universities, fostering an ecosystem of mentors & investors, supporting policies for both entrepreneurship and skilling,  and setting up of a National Project Implementation Committee.

Minister of State (I/C) for Skill Development and Entrepreneurship, Rajiv Pratap Rudy said, "Strategic partnerships with organisations that express deep interest to promote entrepreneurship and encourage skill development initiatives in India is a big step towards scaling skilling initiatives in India. This cooperation has given us enough strength and support to carry forward the initiatives in this sector."

"The creation of the Ministry of Skill Development and Entrepreneurship is a dream project of Prime Minister Narendra Modi, envisaging to bring under one umbrella skill development programmes currently spread across various Ministries and Departments. The outcome is to create more jobs such that people who are skilled and trained get employed and the demand of the demographic dividend of the country is satiated," Rudy added further.

Wadhwani Foundation will leverage this partnership with MSDE and NSDC to upscale its existing Entrepreneurship Education Program in universities/colleges over the next 3 years. This will include creation of online entrepreneurship content, pedagogy and best practices and delivered through ICT by qualifying and training Entrepreneurship Educators and local faculty. A few central hubs along with many regional centres each for designing, facilitating, monitoring and evaluation will be the facilitators.

Dr Romesh Wadhwani, Founder & Chairman, Wadhwani Foundation, said, "Wadhwani Foundation is committed to help Govt. of India in its efforts on skilling and entrepreneurship leading to meaningful employment to millions of young Indians. The Foundation is leveraging its existing successful Initiatives, National Entrepreneurship Network (NEN) and Skill Development Network (SDN) to massively scale entrepreneurship and skill development in India through online multimedia technologies and government, academia and industry partnerships.

"I am delighted that this partnership between the Ministry of Skill Development and Entrepreneurship (MSDE), the Wadhwani Foundation and National Skill Development Corporation (NSDC) with the goal of creating and filling 25 million organized sector jobs by 2020 will go a long way in meeting our joint objective of combining job growth with economic growth," said Wadhwani.

Government of India and the State Governments are now engaged in several initiatives to integrate skilling in schools and institutions of higher education. Such efforts are supported by NSDC and Wadhwani Foundation independently. However, MSDE will now provide such support in a more organized and structured manner and on a larger scale by pooling of resources and setting up of Programme Management Units (PMU) at the State level or below, for different skill initiatives of Government of India.

Sunil Arora, Secretary, Ministry of Skill Development and Entrepreneurship stated that the National Entrepreneurship Network (NEN) of the Foundation has created a strong network through 600 colleges, 4000 mentors and 3000 faculty members that continue to create and support emerging young entrepreneurs. The entire ecosystem of skilling is intricate and involves not just skilling but also re-skilling, up-skilling and multi-skilling. These are the real islands of excellence and need to be scaled up throughout the country.

Wadhwani Foundation's funding will be utilised on initiatives relating to programme design, institute design, curriculum design and development, faculty development, etc. MSDE, NSDC and Wadhwani Foundation will set up a National Project Implementation Committee (NPIC) which will review the setting up and working of PMU on a periodic basis.

Please add your comment

Rating
Not readable? Change text.
Enter the characters as seen on the image (case insensitive)
  Notify me of followup comments via e-mail   Subscribe for daily newsletter

Other NEWS

Delhi based startup i2e1 raises $5,00,000

Delhi based startup i2e1 raises $5,...

December 10, 2015

Delhi-based i2e1, a smart network player platform which aims to provide low-cost and free internet to consumers and actionable ana....

Cab aggregators collaborate with state governments to boost entrepreneurship

Cab aggregators collaborate with st...

November 06, 2015

Ola and Uber, cab aggregators have signed agreements with Rajasthan government for skill development and creation of entrepreneuri....

Phase II of startup incubator T-Hub to be operational soon

Phase II of startup incubator T-Hub...

November 04, 2015

Telangana government is planning to expand T-Hub, its ambitious incubator programme, in its second phase with about Rs 150 crore i....

Sabse Technologies receives investment from Ratan Tata

Sabse Technologies receives investm...

November 04, 2015

Global telecom carrier, Sabse Technologies Inc, started by Hotmail Founder Sabeer Bhatia today announced that Tata Sons' Chairman ....

Mobile startup BlackNGreen seeks international expansion

Mobile startup BlackNGreen seeks in...

November 02, 2015

Buoyed by a strong demand for value added services, mobile startup BlackNGreen is eyeing revenue of Rs 350 crore in the next one y....

Startups seek better future under Hay Group's programme

Startups seek better future under H...

October 30, 2015

Global management consultancy, Hay Group will help 100 selected entrepreneurs transform their startups into successful companies o....

Quintype raises USD 3.25 million for product enhancement

Quintype raises USD 3.25 million fo...

October 27, 2015

Quintype, a data-driven publishing company raised USD 3.25 million to enhance product and business development. ....

Hospitality aggregator startup Qik Stay raises $250K

Hospitality aggregator startup Qik ...

October 27, 2015

Delhi-based Qik Stay, a hotel branding and aggregator startup, has raised $250K in seed round of funding from venture capital firm....

Milk Mantra targets a turnover of Rs 150 crore this fiscal

Milk Mantra targets a turnover of R...

October 26, 2015

Odisha-based startup dairy firm, Milk Mantra is targeting a turnover of Rs 150 crore this fiscal.....

Vista Rooms creates app on Instagram, targets tier II & III cities

Vista Rooms creates app on Instagra...

October 23, 2015

Mumbai-based online budget accommodation aggregator, Vista Rooms has created an app-like experience on Instagram where travellers ....

Jiyo Natural receives funding from Indian Angel Network

Jiyo Natural receives funding from ...

October 23, 2015

Indian Angel Network (IAN) has invested an undisclosed amount in Bengaluru-based consumer health food startup, Jiyo Natural.....

​​Vodoo raises USD 1 million from SAIF Partners

​​Vodoo raises USD 1 mi...

October 15, 2015

Deals and price comparison application, Vodoo has raised USD 1 million (around Rs 65 lakh) from SAIF Partners in a seed funding ro....

IBM launches public data centre in Chennai, partners with Nasscom to boost start ups

IBM launches public data centre in ...

October 15, 2015

Technology giant, IBM today launched public data centre in Chennai to tap into growing demand from financial services and governme....

For Nasscom, PPP will boost startups in India

For Nasscom, PPP will boost startup...

October 14, 2015

In the wake of some reservations over the central government creating startup funds, Nasscom's "10,000 startups" Vice President, R....

WalmartLabs to seek partnership with Indian startups

WalmartLabs to seek partnership wit...

October 14, 2015

WalmartLabs, the digital arm of US-based retailing major Walmart Stores, is scouting for startups in India for partnership and wor....