2019 Year in review: Entrepreneurship Development – Gaining ground in 2020?


Job creation is the need of the hour and India needs many entrepreneurs who can create jobs both in semi-urban and rural areas. Because entrepreneurship brings a new solution to old problems, provides jobs for skilled people, brings competition to produce top quality products and services, is a source of income for the government and influences the society with leadership skills.

The world today cannot achieve its developmental goals by doing the same things the same way. To progress and succeed along the scale, we need to look at alternative approaches, innovative investments, original ideas, scientific discoveries, and technological advancements.

The year 2020 is just around the corner. Let us look at some of the important initiatives that took place in 2019, and what we look forward to in the new year.

Budget 2019: Key takeaways for skill development, education, entrepreneurship and livelihood enablement

The budget in 2019 clearly emphasized on promoting rural entrepreneurship to reduce migration. The budget also focussed to promote social entrepreneurship through the ease of doing business for farmers and a number of initiatives to skill, upskill and empower traditional artisans to contribute to the economic growth, with Gaon, Garib, and Kisan being the center of all efforts. Read more

Minister of Skill Development and Entrepreneurship (MSDE) announces National Entrepreneurship Awards 2019

Dr. Mahendra Nath Pandey conferred the National Entrepreneurship Awards 2019 to Enterprises and Ecosystem builders on 9th November 2019. The fourth edition of the award ceremony was organized to mark the completion of 5 years of setting up the Ministry of Skill Development and Entrepreneurship (MSDE) in 2014. Read more

Entrepreneurship Development - Gaining ground in 2020?India to create job opportunities for 70 lakh youth in Beauty & Wellness through entrepreneurship

Beauty and Wellness sector has seen a tremendous response in terms of youth enrolling for many skill-based courses, most of them leading to self-employment and entrepreneurship. Speaking at the 18th annual convocation ceremony of VLCC Institute of Beauty and Nutrition, Union Minister of Skill Development and Entrepreneurship, Dr. Mahendra Nath Pandey said that India would be needing more than 70 lakh skilled manpower in coming months due to unleashing of the economy. Read more

NIESBUD to catalyze entrepreneurship and support India’s shift to a knowledge-based economy

Dr. Mahendra Nath Pandey, Hon’ble Union Minister for Skill Development and Entrepreneurship reviewed the activities conducted by NIESBUD and gave clear directions on tightening the empanelment process to ensure the quality of training partners in the ecosystem. The Minister said that there should be focused on delivery, content, and quality of the courses being imparted by NIESBUD. Read more

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