Skill India movement

Skill India movement and the Make in India statement

Honourable Prime Minister Narendra Modi’s historical Independence Day speech seems to have galvanised the nation into action, with his emphatic mentions of Skill India movement and the ‘Make in India’ statement inviting multinationals to leverage India for manufacturing. 

Prime Minister Narendra Modi launched the Stand up India scheme to enable Scheduled Castes, Scheduled Tribes and women entrepreneurs to access loans, setting a target of creating 250.000 such entrepreneurs across the country.
Under the scheme 125.000 bank branches will provide loans up to Rs 1 crore. Each branch will be required to provide two such loans ranging from Rs 10 lakh to Rs 1 crore without collateral for setting up a new enterprise.  
The PM said it is not possible for the government to provide jobs to everyone. The scheme will convert "job seekers into job creators," he said. Stand up India, he said, aims to empower every Indian and enable them to stand on their own feet. The recent financial budget presented by the Finance Minister, Arun Jaitley appears to be very promising for young entrepreneurs with the INR 10,000 crore startup fund announced among other things. However, not all 29 states and 7 union territories are at the same level in terms of encouraging entrepreneurship on Indian soil.

From the beginning of Institute of Solar Technology are providing hands-on training on Solar PV technology and promote trained students to start own business - said Director of IST. He said, to fulfill this Skill Gap for entrepreneurship, Institute of Solar Technology (IST) works on PAN-India basis. Now IST working with NIESBUD (An Autonomous Institute under Ministry of Skill Development and Entrepreneurship), Govt. of India.  

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