Daily Current Affairs : 24-February-2024

The Union Minister of Education and Skill Development & Entrepreneurship lately inaugurated the Rashtriya Udyamita Vikas Pariyojana. This new initiative aims to guide beneficiaries of the PM SVANidhi scheme by presenting critical education in entrepreneurship.

Features of the Scheme

The Rashtriya Udyamita Vikas Pariyojana comes with several key capabilities designed to assist people expand their entrepreneurial abilities effectively:

Comprehensive Training Program
  • The education spans 22 weeks and consists of both theoretical knowledge and practical experience.
  • Participants will examine various aspects of running a business, from planning to execution.
Flexible Learning Options
  • The training can be available in offline, online, and hybrid formats. This guarantees that everybody has access to the program, no matter their location or circumstances.
  • Upon completion, members will receive certificates, which can enhance their employability and business credibility.
Implementation Centers
  • The assignment will be performed through 20 Centres of the National Institute of Entrepreneurship and Small Business Development (NIESBUD) and 10 Centres of the Indian Institute of Entrepreneurship (IIE).
  • Initially, it will target selected districts to maximize impact.
Focus on Women’s Participation
  • The initiative has a 40% participation target for women, promoting gender equality in entrepreneurship and empowering women to take on business roles.

Government Commitment

This assignment reflects the government’s strong dedication to fostering a culture of entrepreneurship in India. By harnessing the skill potential of individuals, the initiative aligns with the vision of a “Kushal Bharat Viksit Bharat,” or a skilled and developed India.

Important Points:

  • Inauguration: The Rashtriya Udyamita Vikas Pariyojana was recently inaugurated by the Union Minister of Education and Skill Development & Entrepreneurship.
  • Objective: Aims to support beneficiaries of the PM SVANidhi scheme by providing critical education in entrepreneurship.
Features of the Scheme
  • Comprehensive Training Program:
    • Duration: 22 weeks.
    • Includes both theoretical knowledge and practical experience.
    • Covers various aspects of business management, from planning to execution.
  • Flexible Learning Options:
    • Available in offline, online, and hybrid formats.
    • Ensures accessibility for all participants.
    • Certificates awarded upon completion to enhance employability.
  • Implementation Centers:
    • Conducted through 20 Centres of NIESBUD and 10 Centres of IIE.
    • Initially focuses on selected districts to maximize impact.
  • Focus on Women’s Participation:
    • Aims for 40% participation of women, promoting gender equality in entrepreneurship.
Government Commitment
  • Reflects the government’s commitment to fostering a culture of entrepreneurship in India.
  • Aligns with the vision of a “Kushal Bharat Viksit Bharat,” or a skilled and developed India.

Why In News

The Union Minister of Education and Skill Development & Entrepreneurship inaugurated the Rashtriya Udyamita Vikas Pariyojana, a significant initiative aimed at empowering aspiring entrepreneurs and enhancing their skills for sustainable business growth.

MCQs about Rashtriya Udyamita Vikas Pariyojana

  1. What is the main objective of the Rashtriya Udyamita Vikas Pariyojana?
    A. To provide financial aid to businesses
    B. To support beneficiaries of the PM SVANidhi scheme through entrepreneurship education
    C. To promote international trade
    D. To create job opportunities in government sectors
    Correct Answer: B. To support beneficiaries of the PM SVANidhi scheme through entrepreneurship education
    Explanation: The initiative is specifically designed to guide PM SVANidhi beneficiaries by offering critical education in entrepreneurship.
  2. How long does the training program under the Rashtriya Udyamita Vikas Pariyojana last?
    A. 10 weeks
    B. 22 weeks
    C. 30 weeks
    D. 15 weeks
    Correct Answer: B. 22 weeks
    Explanation: The training program spans 22 weeks, combining both theoretical knowledge and practical experience.
  3. What percentage of participation is targeted for women in this initiative?
    A. 25%
    B. 40%
    C. 50%
    D. 60%
    Correct Answer: B. 40%
    Explanation: The initiative aims for a 40% participation target for women, promoting gender equality in entrepreneurship.
  4. Through which centers will the Rashtriya Udyamita Vikas Pariyojana be implemented?
    A. Only online platforms
    B. Community colleges
    C. NIESBUD and IIE centers
    D. Private universities
    Correct Answer: C. NIESBUD and IIE centers
    Explanation: The project will be conducted through 20 Centres of the National Institute of Entrepreneurship and Small Business Development (NIESBUD) and 10 Centres of the Indian Institute of Entrepreneurship (IIE).

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