Entrepreneurship Skill Development Programme (esdp) Scheme – The Ministry of Micro Small and Medium Enterprises (MSMEs) has launched the Entrepreneurship and Skill Development Program (EDAP) to develop the entrepreneurial skills and capabilities of existing and potential entrepreneurs in India. This is one of the many initiatives launched by M/o MSME aimed at improving the risk-taking capacity of the youth and building successful enterprises across the country. Under this scheme, several activities will be conducted in Industrial Training Institutes (ITIs), Polytechnics and other technical institutes/trade schools to encourage youth to take up self-employment where talent is available.
In 2019, the Ministry made amendments to the EDAP scheme which is an important aspect of ‘SME Development’ in line with the dynamic development of entrepreneurship and SMEs in India. The enhanced EDAP is characterized by an Entrepreneurship Promotion Center (EFC), which aims to improve the scope of the program and strengthen the business promotion process.
Entrepreneurship Skill Development Programme (esdp) Scheme
The main objective of the program is to encourage people from the marginalized and backward sections of the society like SC/ST, Women, Disabled, Below Poverty Line (BPL), Handicapped etc. to take up self-employment as a career. options. In essence, the objective of the program is to promote start-ups, enhance the capacity of existing SMEs and promote the business environment in India.
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It should be noted that under this scheme, 40% of the target beneficiaries of EAP and E-SDP must be women. Additionally, a person must be above 18 years of age to participate in the scheme and various implementing agencies determine the eligibility and fee structure for participants.
Activities under EDAP scheme are done with the help of various Implementing Agencies (IAs) like Office of DC (MSME) and its offices like MSME Development Institutes (MSME-DI), M/o MSME Field Organizations etc.
However, these impact assessments and institutions are limited to the capital cities and some other districts, thereby limiting the scope of the programme. Therefore, in view of the above, the EDAP was revised in 2019 and the Ministry set up Enterprise Promotion Centers (EFCs) to expand the scope of the programme. EFCs can generate ROIs and have two verticals, the enterprise promotion vertical and the skill development vertical. These components aim to carefully consider the needs and desires of young people.
As per data published by DC (MSME), EDAP scheme has successfully implemented 8197 programmes. Besides this, the Ministry has trained 2,81,312 people since the launch of the scheme. Thus, from 2020, the number of programs implemented and the number of persons trained increased by 6.56% and 18% respectively. Under this programme, the government has spent Rs.34 crores and earned Rs.3 crores in revenue.
Pdf) Skill Development And Entrepreneurship Through Green And Inclusive Msmes In India
Although the number of beneficiaries of the ESDP scheme has increased in the past, it cannot be considered a successful program until practical results are achieved. To accurately evaluate EDAP, it is necessary to analyze the number of companies that have emerged from this program.
“Though the measures taken by the government are welcome, it remains to be seen how effective the scheme will be at the field level. It doesn’t look like much at the moment. It is not about trainees coming into the program. The companies they create after the program ends.” ~ Vishwanath, Co-Chairman, Industry Committee, Ph.D Chamber of Commerce and Industry
According to IBEF, the Udyam registration portal has registered more than 1 million SMEs till November 2020. However, more than 93% of all registrations are micro-enterprises, indicating a skewed business ecosystem. Moreover, according to the published annual report of M/o MSME only 7% SC and 2% ST companies are owned.
Adding to the situation, although the scheme aims to encourage people from disadvantaged sections, especially women, to start entrepreneurship, women’s participation in the sector remains low. According to the ‘Moving the Needle’ report published by NITI Aayog in March 2021, of the 58.2 million SMEs operating in India, only 14% or 8.05 million are owned by women. Additionally, women-owned businesses tend to be small businesses, with more than 98% of businesses falling into the micro-enterprise category.
Pdf) Performance Of Entrepreneurship Development And Innovation Institute In Tamil Nadu During 2015 16
The EDAP scheme is one of the many skill development programs implemented by the government to strengthen entrepreneurship and encourage the establishment of SMEs in the country. However, increasing the performance of SMEs faces various challenges.
MSME sector is one of the key sectors contributing to the growth of Indian economy. In recent years, the government has taken several initiatives and initiatives to increase the number of SMEs in the country and promote entrepreneurship. EDAP, one of the many schemes under M/o MSME, has clearly contributed to skill development in the country. However, a close analysis of the schemes proves that most of the beneficiaries of EDAP belong to the general category and only 10% belong to the backward SC/STs. Moreover, the number of women entrepreneurs is still very low and their business focuses on micro-enterprises. In view of this, considerable effort is required to promote entrepreneurship among the backward and disadvantaged sections of the society.
Due to the pandemic, activities under the ESDP scheme have been suspended and the business ecosystem has become largely dysfunctional. As the economy revives, the government should promote skill development to meet global demand and revive the MSME sector. Kalinga Institute of Social Sciences () and TRIFED, India (under the Ministry of Tribal Affairs, Government of India) organized a National Entrepreneurship Skill Development Program for Women Entrepreneurs under Van Dhan Yojana Scheme for Odisha in the presence of Shri Praveer Krishna, IAS, MD. , TRIFED and Dr. Achyuta Samantha, KIIT & .
The project implements its combination with the Pradhan Mantri Dhan Yojana (PMVDY) and the Entrepreneurship and Skill Development Program (EDAP) of the Ministry of Micro, Small and Medium Enterprises (MSME). It aims to provide skills development training to around 10,000 EDAP trainees every quarter to become sustainable, independent entrepreneurs.
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As a result, PMVDY is a retail marketing oriented value addition scheme for minor forest produce (MFP) to optimize local tribal income for forest tribes.
TRIFED supports Van Dhan Vikas Kendra (VDVK) members by engaging them, building capacity and training them on procurement, value addition, packaging and marketing of small scale forest produce (SFP). The program aims to transform tribal beneficiaries from laborers into successful, ambitious and confident tribal entrepreneurs.
Mr. Krishna and Dr. Samanta interacted with women entrepreneurs of Raigad, Sambalpur, Sundargarh and Nuwapada through video conferencing and encouraged them to come forward to improve their entrepreneurial skills. Officials of TDCCOL, TRIFED, ITDA and attended the virtual launch.
Expressing his happiness over this partnership with the project’s nodal agency, Mr. Krishna commented, “This is a model of how underprivileged tribals can be made entrepreneurs with proper skill development.” Skills, Manpower, Talent for SMEs: The number of women entrepreneurs supported under ESDP from the general beneficiary increased from 13,640 in FY21 to 24,734 in FY22.
Esdp In 2020: Modi Govt’s Entrepreneurship Development Scheme Sees Nearly 400% Jump In Trainees
The EDAP scheme focuses on increasing awareness among the youth about various aspects of starting a business, including capacity building of existing SMEs and building an entrepreneurial culture.
SME Skills, Manpower, Talent: Number of Budding Entrepreneurs Trained Under Modi Government’s Scheme to Promote Entrepreneurship among Youth Under Entrepreneurship Skill Development Program (EDAP) in FY 2021-2022. Compared to the previous year, the financial year has seen a growth of 113 percent. According to data shared by Minister of State for MSMEs Bhanu Pratap Singh Verma in the Lok Sabha during the monsoon session, the number of beneficiaries increased from 27,544 in FY21 to 58,659 in FY22, according to the amount released by the government. It has decreased from 2.87 crores to Rs.1.99 crores.
However, the number of beneficiaries in FY22 is 74 per cent lower compared to 2,33,507 trainees trained in FY20 or pre-Covid. The amount released for training entrepreneurs in the financial year 2020 is Rs.40.85 crores. The ESDP scheme focuses on increasing awareness among the youth about various aspects of starting a business such as capacity building of existing SMEs and building an entrepreneurial culture.
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The programs conducted under the scheme include one-day Entrepreneurship Awareness Program (EAP), six-week Entrepreneurship and Skill Development Program (E-SDP), one-week Advance E-SDP, one-week Management Development Program (MDP) and Advance. MDP as per MSME Ministry 22nd FY Report.
Among the total beneficiaries, the number of women entrepreneurs supported by ESDP increased from 13,640 in FY21 to 24,734 in FY22. The scheme targets youth, including potential SC/ST and women entrepreneurs, disabled, ex-servicemen and persons below the poverty line, to encourage them for self-employment or entrepreneurship as one of the vocational options.
FY22 also revived the number of trainees trained in 18 MSME Technology Centers or TCs (earlier known as tool rooms). The number of recipients increased by 8 percent to 1,
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