Telangana to set up institutes for entrepreneurship development

Thirty institutes of higher learning, five schools, 15 industrial training institutes and two entrepreneurship development centres would be set up under the National Scheme on Entrepreneurship Development.

By: PTI | Hyderabad | Published:September 23, 2016 3:34 pm
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Thirty institutes of higher learning, five schools, 15 industrial training institutes and two entrepreneurship development centres would be set up in Telangana under the National Scheme on Entrepreneurship Development, a senior official said.

A new scheme on entrepreneurship development has been formulated by the Union Ministry of Skill Development to create an enabling ecosystem for entrepreneurship development through entrepreneurship education and training, state Industries Secretary Arvind Kumar said.

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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.

Under the scheme, project institutes which have 2,500 sqft space 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 should 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.

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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.

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