What is Pradhan Mantri Yuva Yojana?


What is Pradhan Mantri Yuva Yojana?

Entrepreneurship education and training being implemented by the Ministry of Skill Development and Entrepreneurship, Government of India is a centrally sponsored Scheme on Pradhan Mantri YUVA Yojana (Yuva Udyamita Vikas Abhiyan).

The main focus of this scheme is to create an enabling ecosystem for Entrepreneurship development through Entrepreneurship education and training. To support network and Promoting social enterprises for inclusive growth with advocacy and easy access to entrepreneurship.

Duration

Providing entrepreneurship education and training to over 7 lakh students in 5 years through 3050 Institutes under the scheme span over five years (2016-17 to 2020-21) with a project cost of Rs. 499.94 crore, which will include easy access to information and mentor network, credit, incubator and accelerator, and advocacy to create a pathway for the youth.

Objective

  1. Educate and gear up potential and early-stage entrepreneurs
  • Massive Open Online Courses (MOOCs) and other online programmes accessible through a Learning Management System (LMS). Develop and deliver entrepreneurship education to all citizens free of charge through Design an assessment and certification mechanism.
  • 500 Industrial Training Institutes (ITIs) and 50 Entrepreneurship Development Centres (EDCs). Equip a total of 3,050 institutions to deliver world-class entrepreneurship education programmes: 2,200 Institutes of Higher Learning (Universities, Colleges, Premier Institutions and AICTE Institutions including Polytechnics); 300 schools (10+2);
  • Focus on the promotion of social entrepreneurship.
  1. Connect entrepreneurs in enabling networks of peers, mentors, funds and business services
  • Creation of an “online marketplace” – a web-based platform connecting entrepreneurs to each other for peer – to – peer networking and investors, financial institutions and business services such as legal, accounting, technology and HR services.
  • Establishing a national mentor network for young entrepreneurs.
  • Setting a national network of incubators, accelerators and credit agencies.
  • Creating a national network of business service providers.
  • Normal schemes/initiatives of Central Ministries and State/UT Governments.
  1. SupportingĀ  entrepreneurs with the Entrepreneurship Hubs (E – Hubs)
  • Putting up a National Entrepreneurship Resource and Coordination Hub to coordinate and support entrepreneurship development programmes.
  • Installing of Regional, Nodal, and Entrepreneurship Hubs to coordinate and support entrepreneurship programmes at all levels.
  • Creating a cloud-based Management Information System that tracks entrepreneurs, training institutes (Project Institutes), faculty, students and outcomes.
  • Factory on Wheels.
  1. Speed up a culture shift to encourage entrepreneurship
  • Set up a culture of dynamic entrepreneurship through events, branding, and media.
  • Guide entrepreneurship research & advocacy.
  • Social Entrepreneurship Awareness Programmes for SC/ST and minority people.
  • Commanding the progress of the beneficiaries
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