MoU signed between KVIC and RSETI

To generate employment opportunities through setting up of micro enterprises in rural areas an MoU is signed between KVIC and RSETI
MoU signed between KVIC and RSETI

An MoU was signed between Khadi & Village Industries Commission (KVIC), under the Ministry of MSME and Monitoring Cell for Rural Self Employment Training Institute (RSETI), under the Ministry of Rural Development, in the presence of Kalraj Mishra, Union Minister of Micro, Small and Medium Enterprises in New Delhi.

The MoU was signed by BH Anil Kumar, CEO & Commissioner, KVIC and KN Janardhana, Chief Project Co-ordinator, Monitoring Cell for RSETI.
The Ministry of MSME through KVIC is implementing the Prime Minister’s Employment Generation Programme (PMEGP) for generating employment opportunities through setting up of micro enterprises in rural and urban areas of the country.

Around 2.9 lakhs micro enterprises have been set up so far providing employment opportunities to 25.93 lakh persons. The scheme has received encouraging response from all the stakeholders namely unemployed youth, banks and implementing agencies such as KVIC, KVIB and DIC. It has been observed that applications from unemployed youth received are far in excess of the target every year which reflects the popularity of the scheme.

During PMEGP review meetings held by the Ministry of MSME and KVIC, it is observed that many of the applicants under PMEGP are not possessing business skills and skills related to their projects. This also increases the rate of rejection of bank loan applications and affects the viability of the PMEGP project.

As a remedial measure, KVIC with the help of Monitoring Cell for RSETI which monitors the Bankers Training Institute viz. Rural Self Employment Training Institutes available in all the districts of the country to partner with KVIC for conduct of Entrepreneurship Development Programmes. There are 581 RSETI/RUDSETI in the country and they provide skill development training, in more than 250 skills. RSETI also provides handholding to the trainees for a period of 2 years which includes training, project formulation and handholding beyond bank sanction till setting up of the units, as well as monitoring for a period of 2 years after the unit is setup. 

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