Promoting Skill Development & Entrepreneurship - Government Initiatives

Promoting Skill Development & Entrepreneurship – Government Initiatives

Question: Skill development forms the core of economic development. Recently, the MSDE signed several MoUs with different departments and launched the National Policy for Skill Development and Entrepreneurship. Outline the benefits of these initiatives and national policy measures taken by the government for skill development in India.

- Several MoUs have been signed by MSDE and Central Ministries/Departments in the area of skill development

- A National Policy for Skill Development and Entrepreneurship was launched on July 15 2015

- National Policy for Skill Development and Entrepreneurship stresses upon Recognition of Prior Learning which is the key instrument for mapping existing skills in the unorganised sector and integration of this with the organised sector

- Vertical as well as horizontal pathways are provided for individuals to acquire additional skills for better livelihood

Overall Benefits of the MoUs

- Working on leveraging of current government infrastructure to deliver skill training programmes

- Mobilising CSR funds of PSUs to support skilling initiatives

- Upgradation of equipment of ITIs and NSDC/SSC affiliated providers of training

- Promotion and upscaling of apprenticeship training in PSUs in coordination with DGT

- Incentivisation of hiring of personnel certified by National Skills Qualification Framework

- Promotion of adopting of ITIs by PSYs which includes resource and technical support

- Forming centres of excellence for high quality skill training

- Alignment of training programmes with NSQF and mobilise workforce for the recognition of prior learning

National Policy for Skill Development and Entrepreneurship

This policy has the following benefits:

- Enhanced aspirational value of skill training via continuous National Campaign

- Promotion of state based national skill universities

- Capacity creation through leveraging of existing infrastructure

- Establishment of ITIs in PPP mode

- Promotion of private sector initiatives through NSDC

- Quality through a QA framework in the NSQF and alignment of the latter with skill courses by December 2018

- Initiating international partnerships for leveraging best practices from across the globe

- Growth of outreach through Kaushal Vardhan Kendras and Recognition of Prior Learning

- Other aspects of skill landscape include the leveraging of information and communications technology, via training and assessors to ensure inclusive training and skill promotion among women

- Educate and empower entrepreneurs through world grade entrepreneurship education curricula and alignment of the same with mainstream education

- Connecting entrepreneurs with peers, incubators and mentors and initiatives in innovation with entrepreneurial ventures

- Promotion of access to finance through support for venture capital firms, angel investors and state owned credit agencies

- Creating social entrepreneurship and grassroots innovation through support for fiscal incentives, setting up of grass root technology innovation centres, market links and legal support

- Catalysing culture shifts to promote entrepreneurism

- Supporting entrepreneurs through E-Hubs and promoting the same among women

- Improving the ease of doing business

Facts and Stats

MoUs have been signed by MSDE with the following ministries and departments:


- Ministry of Defence

- Ministry of Railways

- Ministry of Health & Family Welfare

- Ministry of Steel

- Ministry of Mines

- Coal India (Ministry of Coal)

- National Thermal Power Corporation, PowerGrid (Ministry of Power)


- Department of Empowerment of Persons with Disabilities

- Dept of Fertilisers

- Dept of Chemicals and Petrochemicals

- Dept of Pharmaceuticals
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