Telangana govt to launch various centres for entrepreneurship development

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About 30 institutes of higher learning, five schools, 15 industrial training institutes and two entrepreneurship development centres will soon be set up in Telangana. These centres will be opened under the National Scheme on Entrepreneurship Development, informed a senior official.

The Union Ministry of Skill Development has introduced a new scheme on entrepreneurship development to create an enabling ecosystem for entrepreneurs through entrepreneurship education and training, said state Industries Secretary Arvind Kumar.

According to information, the scheme targets to cover 7.10 lakh students in the country through various project institutes such as institutes of higher learning, schools, industrial training institutes, entrepreneurship development centres and skill development centres in a span of five years (2016-17 to 2020-21).

The last date for receipt of applications for empanelment of project institutes is September 26.

As per the new scheme on entrepreneurship, project institutes which have a space of 2,500 sqft or higher and can allocate at least two faculty/facilitators in the first year and an additional faculty/facilitator from second year onwards are eligible for selection, he said in a statement here. The institutes must also have broadband connectivity of at least 100 MBPS and possess necessary audio visual equipment and computers and should enroll on an average minimum of 250 students under the project every year during the first four years.

The Centre will provide financial assistance to the selected institutions to set up infrastructure for delivering the programmes. The institutions will receive a grant of Rs nine lakh for a period of five years plus additional Rs three lakh for infrastructure set up in government institutions. Honorarium of Rs 5,000 per month would be provided for each faculty facilitator and towards costs related to faculty training, the statement added.

- PTI