Ministry of Rural Development (MoRD), Government of India, is implementing Rural Self Employment Training Institute (RSETI) scheme as a sub-scheme of the National Rural Livelihood Mission (NRLM). RSETI is a Bank led, MoRD-funded training institution established by the sponsor banks in their lead districts to impart skill and entrepreneurship development training to poor rural youth free of cost. Any unemployed youth in the age group of 18-45 years having an aptitude to take up self-employment or wage employment and having some basic knowledge in the related field can undergo training at RSETI. While the thrust of RSETI training is to promote self-employment of rural poor, some of the trained candidates may also seek regular salaried jobs and wage employment, Union Minister of State for Rural Development, Sadhvi Niranjan Jyoti said in a written reply in Rajya Sabha Wednesday.
Presently, 590 RSETIs are functioning in 572 districts across the country. The entrepreneurship development programmes (EDPs) and skill development training courses run by the RSETIs are as per the local demands of agriculture, its allied activities and small business, trading and so on. Under the RSETI scheme, the minister further said that 44,42,205 candidates have been trained and 31,54,095 candidates have been settled up to 28.02.2023 since inception.
Hand-holding support is provided to RSETI-trained candidates to enable them to commence their mini-enterprise either with bank finance or otherwise. These entrepreneurs are also provided space in SARAS melas to showcase and sell their products. The settlement rate of RSETI-trained candidates is more than 70 per cent. Once they start earning, it contributes to the improvement of the living standards of their families in rural areas, the MoS Rural Development added.
Details of the funds allocated and released under the RSETI programme since 2014-15 till 2022-23 (Rs. in lakhs)
| FY | BE Total | RE Total | Release |
| 2014-15 | 5500.00 | 3534.00 | 3189.00 |
| 2015-16 | 4000.00 | 5207.00 | 5207.00 |
| 2016-17 | 10000.00 | 10500.00 | 10178.93 |
| 2017-18 | 10000.00 | 6500.00 | 5574.87 |
| 2018-19 | 10000.00 | 6784.59 | 6784.59 |
| 2019-20 | 10002.00 | 6185.06 | 6183.96 |
| 2020-21 | 10000.00 | 11338.62 | 11338.43 |
| 2021-22 | 15000.00 | 9219.54 | 9031.03 |
| 2022-23 | 25000.00 | 23708.00 | 11236.38* |
| Total | 122589.00 | 82976.81 | 68724.19* |
Source: Ministry of Rural Development, GoI. Status as on 28.02.2023
Read more: Udaan plans FMCG expansion to 10,000 small towns and villages
RuralMarketing.in is now on Telegram. Click here to join Rural Marketing on Telegram and stay updated with the latest news and updates on rural business and the economy.
