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March 21, 2018

Ministry of Skill Dev and Entrepreneurship (MSDE) signed MoU with BYST to boost skill based employment

New Delhi : In order to boost skill based employment via entrepreneurship, the Ministry of Skill Development and Entrepreneurship (MSDE) has signed an MoU with Bhartiya Yuva Shakti Trust (BYST), a not for profit organization working in the field of rural entrepreneurship, according to a release.

The MoU will help nurture the under-privileged residing in the rural hinterlands, and assist them to become entrepreneurs through effective mentorship.

The collaboration seeks to provide mentor development services to the officials suggested by the ministry for promoting and setting up micro and rural businesses.

At BYST, the mentors share the experience in an advisory capacity and suggest potential areas of market. Mentoring in a way opens wider vistas to the budding businessman.

“Training, Research and Consultancy will be the key parameters to boost this endeavor,” said Dr KP Krishnan, Secretary Ministry of Skill Development and Entrepreneurship.

“Mentor training will be provided at skill development centers, IITs, polytechnics, universities and other places for supporting entrepreneurship, self-employment and creating more jobs,” he added.

Lakshmi V Venkatesan, Founding and Managing Trustee, BYST, said, “It’s remarkable to see that we have made substantial success hitherto with BYSTs initiatives that untapped the potential of the under-privileged and helped them to become entrepreneurs. We understand that turning hurdles into opportunities is not an easy task. However, we can achieve it through mentoring and we will continue to make efforts towards building a better India.”

Under the MoU, both the parties will promote and develop the mentioning ecosystem through training, research and consultancy with the objective of empowering underserved entrepreneurs and help them set up micro and rural business.

The two sides will develop the mentor training ecosystem in skill development centres, ITIs, polytechnics, universities and other alliances (related to ministry of SDE) for supporting entrepreneurship, self-employment and creating further jobs. This Memorandum of Understanding is signed for one year after which it can be further extended with mutual consent.

Note: News shared for public awareness with reference from the information provided at online news portals.

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