Pradhan Mantri YUVA Yojana
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PM-YUVA Yojana(Pradhan Mantri Yuva Udyamita Vikas Abhiyan) aims to create an enabling ecosystem for Entrepreneurship Development through entrepreneurship education and training across the country in select Institutes of Higher Learning (Universities, Colleges and Premier Institutes), schools, Industrial Training Centers (ITIs) and Entrepreneurship Development Centers (EDCs) for over a period of five years. Additionally, students will get easy access to a robust network of peers, mentors incubators, funds and business services through an online platform. Focus will also be on entrepreneurship promotion and social entrepreneurship.
Under PM-YUVA Yojana, 2200 colleges, 300 schools, 500 ITIs and 50 EDC will be enabled to deliver entrepreneurship education and training to over 7 lakh students. This initiative is expected to create approx. 30000 start-ups over five years, consequently, creating approx. 2,60,000 direct and indirect jobs. Also, a strong pool of approx. 8900 Entrepreneurship Educators and 10,180 Mentors will be created.
This will be supported by a network of Entrepreneurship and Coordination Hubs (E-hubs), comprising of 1 National E-hub, 5 Regional E-Hubs and 50 Nodal E-Hub for resource management and organization at different levels. The enrolled colleges, schools, ITIs and EDC under this program will be the implementation arm of the Project.
Objectives
To spearhead the achievement of entrepreneurship development through entrepreneurship education and training in India, this scheme has been launched as the Ministry’s flagship scheme. The overall objective of the scheme is “By 2021, create an enabling ecosystem for entrepreneurship development through entrepreneurship education & training, advocacy, and easy access to entrepreneurship network. Also, promote development of social enterprises for inclusive growth.
PM-YUVA Yojana has four specific objectives
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Educate and equip potential and early stage entrepreneurs
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Connect entrepreneurs in enabling networks of peers, mentors, incubators, funding and business services
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Coordinate and support entrepreneurs through Entrepreneurship Hubs(E-Hubs)
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Catalyze a culture shift to support aspiring entrepreneurs
Beneficiaries
The target beneficiaries of the scheme are categorized as follows::
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Traditional students enrolled in degree programme across undergraduate/ postgraduate courses/ PhD programme/ Diploma
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School Students
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Students in Industrial Training Institutes (ITIs)
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All citizens including unorganized sector, women, and existing entrepreneurs in rural as well as urban areas, who would like to take up entrepreneurship education through coordination and support programmes
Key Components
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Entreprenuership Mart
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Creating Mentors
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Social Entrepreneurship
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Entrepreneurship Resource and Coordination Hubs (E-hubs)
Establish a network of E-hubs to coordinate and support entrepreneurship development programs.
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Entrepreneurship Promotion
Create a culture of dynamic entrepreneurship through events, branding and marketing along with entrepreneurship research & advocacy.
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Factory on Wheels
Bring entrepreneurship and job opportunities at the door-step of under-privileged youth from remote and rural areas, through mobile ‘Factory on Wheels’ containing all requisites to produce goods.
Scheme Process
1. On-boarding Project Institutes
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Project Institutes apply offline or online (on the MIS portal) as prescribed by the National E-hub, to deliver entrepreneurship courses to their students.
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A representative from the closest Nodal E-hub inspects the physical infrastructure of the colleges that have applied vis-à-vis the pre-defined selection criteria. On the basis of the inspection, National E-hub will select the IHL. The list of empanelled institutes will be shared with the Joint Working Group (JWG) at the state level.
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All the empanelled IHL receive different offerings, including, curriculum, content (largely online), training and ongoing support of faculty (on line and off line), linkage to assessors and support in program delivery, etc.
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All institutes empanelled under the scheme will get annual funds to cover the recurring expenses (Operational Expenditure - OPEX). Additionally, Government colleges will be given a one-time grant for purchase of recommended equipment (Capital Expenditure - CAPEX) along with the OPEX.
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Each selected empanelled institute is given a secure login (User-id and password) to access LMS platform and their offerings. Through the secure login institute is also given limited access to the MIS to upload required information/ data of students, facilitators, etc.
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Colleges are encouraged to deliver these courses to interested students of other colleges, but within 3-4 km radius.
2. Faculty Orientation
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Nodal E-hub organizes an Induction programme for the colleges and selected facilitators from each college attend the orientation. Facilitators recommended by the college will be selected by the closest Nodal E-hub on the basis of pre-defined criteria.
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Thereafter, these facilitators will also attend online and classroom training at Nodal E-hubs facilitated by Nodal team and experts from industry and academia. The facilitator programme is divided into four components – Webinar, Orientation Programme, Faculty Facilitator Module and Advanced Facilitator Programme.
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After the training, facilitators are assessed online and will be given a certificate of participation by NIESBUD.
3. Entrepreneurship Education/ Training Programme
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Aspirants interested in entrepreneurship have open access to world class Entrepreneurship Education and Training courses through Online Courses on this platform are designed and developed by national and international experts, and are available free of charge to everyone.
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Apart from online content, Entrepreneurship Education and Training will be delivered in select Institutes of Higher Learning, Schools, ITIs and EDCs, wherein MOOCs will be integrated with in-class discussions and experiential learning (applications, mock businesses, internships), all facilitated by selected and trained faculty at these institutes. These student centric courses will help them acquire skills that are required to start an enterprise.
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Orientation programme for the students is organized by the project institutes. Interested students enroll for the entrepreneurship education programme.
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Students who enroll for entrepreneurship education courses in IHL are segmented in four categories - Enthusiasts, Wannapreneurs, Practicing Entrepreneurs and High-Performers.
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This fee may be charged either at the time of enrollment or at the beginning of each semester.
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Each student is given a secure login (user-id and password) to access the LMS platform and the various course offerings.
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Students are also given course material at the time of enrolment.
4. Assessment & Certification + On-boarding on the online marketplace
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Assessment – online and/or written-takes place as per schedule/ calendar prescribed by the National E-hub. Periodic online/ written tests will be conducted to ensure continuous evaluation of the students.
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After assessment, students a certificate of participation will be given by National Institute of Entrepreneurship and Small Business Development (NIESBUD).
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Students interested in setting up their enterprise will be on-boarded by the Project Institute.
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