Business Daily from THE HINDU group of publications
Tuesday, Jul 15, 2008
ePaper | Mobile/PDA Version | Audio


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Entrepreneurship
‘5 lakh entrepreneurs to be trained each year from 2010’



Mr Dinesh Rai

Our Bureau

Hyderabad, July 14 The Ministry of Micro, Small and Medium Enterprises (MSME) is looking at imparting training to at least five lakh entrepreneurs every year from 2010.

“Last year we have trained about 1.8 lakh people through the various institutes under the Ministry as against 1.2 lakh in the previous year. The institutions have been asked to step it up and the plan is to reach five lakh mark by 2010,” Mr Dinesh Rai, Secretary, Union Ministry of MSME, said.

Mr Rai was interacting with mediapersons on the sidelines of an event organised by the National Institute for Micro, Small and Medium Enterprises (Nimsme) to announce the launch of two national programmes.

He also said the Skill Development Corporation, which was announced by the Finance Minister, Mr P Chidambaram, in this year’s Budget, is in the final stages of its formation. “All the necessary clearances have been obtained and will be in existence soon,” Mr Rai added.

The Union Government through the Corporation and with the help of the private sector is looking at imparting skill development which would help in creation of more jobs.

Mini-tool rooms

Mr Rai said that a new scheme aimed at creating mini-tool rooms across the country was recently launched and through this scheme 40 per cent subsidy with a cap of Rs 9 crore would be provided to set up each centre.

“The mini-tool rooms would be set up on a public-private-partnership (PPP) mode and we are looking at least 10 mini-tool rooms to be set up during the year. The scheme will help who are not able to afford costly machines,” he said.

100 clusters

The MSME Ministry, he said, for lean manufacturing is looking at having 100 clusters across the country. “This to improve the quality and process and we can give up to 80 per cent of the consultancy fees to the cluster so that they can identify the problems they face and some solutions can be reached,” Mr Rai said.

Mr Rai also said the Prime Minister’s Rozgar Yojana and Rural Employment Generation Programme schemes are being merged and launched as one new scheme called the Prime Minister Employment Guarantee Programme.

“This will be launched soon with revised and improved parameters with respect with subsidy, more skill development and training so that the entrepreneur is guided at every stage,” he added.

Related Stories:
CII initiative on entrepreneurship
Entrepreneurship resurrects an industrial estate
Helping small enterprises grow

More Stories on : Entrepreneurship

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
HPCL ties up with Chhattisgarh


Motown Chakan Part II finally gets going
Acid makers against export curbs
Excise duty collection growth slows down in first quarter
Trade ties with Myanmar in for boost
Oil retailers asked to stop indiscriminate expansion
Steel market abuzz with talks of price hike
Print advertising by education sector up 14%
GM India, Gujarat govt to train ITI students
Karur hospitals upgrade
CII launches ‘Namma Halli’ project in Karnataka
International garment fair begins tomorrow in Delhi
Karnataka Govt to hold co-op meet
‘5 lakh entrepreneurs to be trained each year from 2010’


Life



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line