Swavalambini Programme

Swavalambini Programme Latest News

Recently, the union Ministry of Skill Development and Entrepreneurship launched the Swavalambini programme.

About Swavalambini Programme

• It was launched by the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with NITI Aayog in Assam, Meghalaya and Mizoram.
• This initiative is aimed at empowering female students in select Higher Education Institutions (HEIs) in the northeast by equipping them with the essential entrepreneurial mind-set, resources, and mentorship they need to succeed in their entrepreneurial journey.
• MSDE through Indian Institute of Entrepreneurship (IIE) in collation with NITI Aayog, a structured stage-wise entrepreneurial process—from awareness to development, mentorship, and funding support, has been introduced.
• Those who successfully build their ventures will be recognized and awarded, ensuring that their success stories inspire others.
• The initiative aims to provide structured training through the Entrepreneurship Awareness Programme (EAP) which introduces 600 female students to entrepreneurship as a viable career option.
• For 300 selected students, the Women Entrepreneurship Development Programme (EDP) offers an intensive 40-hour training covering crucial business aspects such as training and skilling, access to finance, market linkages, compliance and legal support, business services, and networking opportunities.
• This will be followed by six months of mentorship and handholding support to help participants translate their ideas into sustainable prospects.

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Swavalambini Programme FAQs

Q1: What does NITI Aayog stand for?

Ans: National Institution for Transforming India

Q2: Where is Indian Institute of Entrepreneurship situated?

Ans: Guwahati, Assam.

Q3: What is entrepreneurship?

Ans: It is the process of discovering new ways of combining resources.

Source: PIB