Micro-Entrepreneurship Development Programmes

Micro-entrepreneurship development programmes are usually being conducted to foster the growth of micro-enterprises. Micro-Entrepreneurship has an essential role in the country’s economic growth. Microenterprises have been the engines of job growth in the majority of dynamic economies. In many developing countries, micro-entrepreneurship in india is being recognized as one of the prominent ways of income generation. A good source of employment generation micro-enterprises is filling up the void of jobs in the formal sector. Create large scale employment separate from the formal sector, spread industries and trade in an economically backward area, improve the living conditions of all the country’s citizens irrespective of where they live and work, are some of the key objectives of Micro-enterprises. 

India’s government has been running several schemes concerning micro-entrepreneurship development programmes to help micro-enterprises grow and develop entrepreneurship skills among budding entrepreneurs. Schemes such as the Entrepreneurship Skill Development Programme (ESDP), Assistance to Training Institutions (ATI) are all aimed at nurturing youth’s talent by enlightening them on various aspects of industrial activity.

Micro-Entrepreneurship Development Programmes Schemes

Some of the relevant schemes for the development of micro-entrepreneurship in the country are as follows:

• Prime Minister Employment Generation Programme (PMGEP) – This scheme facilitates financial institutions’ participation for higher credit flow to the micro enterprise’s sector.
• ASPIRE Scheme (A Scheme for Promoting Innovation, Rural Industry and Entrepreneurs) – ASPIRE aims to set up a network of technology centers and set up incubation centers to accelerate entrepreneurship and promote start-ups innovation in agro-industry.
• Credit Guarantee Fund Scheme – This scheme aims to provide funding assistance to banks and financial institutions to lend collateral-free credit to micro-enterprises.
• Coir Udyami Yojna – It offers a credit-linked subsidy to enterprises in the coir sector.

All these schemes mentioned above are being run by the government to promote and support micro-enterprises.

The Covid-19 pandemic has completely shaken micro-enterprises. As per a recent study by All India Manufacturers (AIMO), close to 43% of MSMEs are on the verge of shut-down. The lockdown declared by the government to contain the spread of the virus has severely impacted the supply side as most of the manufacturing is shutdown. Amidst the market’s vulnerabilities and uncertainties, the government needs to impart confidence among small-medium enterprises and budding entrepreneurs. The need for the hour to focus on skill development programmes would help the youths of the country build confidence and eventually sustain the country’s micro-enterprises. 

At this point, it is also essential to build capacity and create micro-enterprises at the village level. Creating more micro-enterprises would eventually help in making India a self-reliant nation.

Role of Aatmnirbhar Sena

For more micro-enterprises to surface up, it is essential to develop micro-entrepreneurship skills among budding entrepreneurs. To bring back the shaken confidence due to the Covid19 pandemic, our organization Aatmnirbhar Sena will be supporting and guiding micro-entrepreneurs of the country. From financial assistance to expertise training, we will be helping micro-enterprises in every possible way. We understand that Covid-19 has created several challenges for micro-enterprises. Still, it also has created an opportunity for budding micro-entrepreneurs to step-up and follows our Prime-Minister’s lead of making India a self-reliant nation. In your venture to set up a new micro-enterprise and become self-sufficient, Aatmnirbhar Sena is with you on every point.