New Delhi: The National Institute of Entrepreneurship and Small Business Development (NIESBUD), a premier Institute under the Ministry of MSME has decided to launch a major project for entrepreneurship and skill development of youth in the country.

The project would be launched by December 2011 in the states of West Bengal, Uttarakhand, Uttar Pradesh, Madhya Pradesh, Haryana, Delhi, Rajasthan, Orissa, Bihar, Jharkhand, Chattisgarh, Punjab, J&K, Gujarat and Union Territory of Chandigarh. 

With the launch of this project, NIESBUD will target 35, 000 youths.

The NIESBUD has identified the skills on the basis of market needs to ensure maximum employment. The Institute hopes that at least 25% of the participants will be employed within this financial year.

The main skills identified are housekeeping & hospitality, retail management, IT & ITES, light engineering, fashion designing, artificial gems & jewellery and cosmetology and beautician.

As per the institute, the participants would also be encouraged for self employment and will be provided hand holding support under the scheme of Rajiv Gandhi Udyami Mitra Yojana (RGUMY).

The programmes would be closely monitored to ensure the highest quality. The District Administration, Industry and Business Associations, Bankers and Placement Agencies will be closely involved with the programmes.

NIESBUD has been conducting training programmes for national and International participants since 1983 besides conducting research studies and providing guidance and consultancy to new and existing entrepreneurs in MSME sector.

NIESBUD has helped Central and State Governments and their agencies in promoting entrepreneurship in their respective areas by way of guidance, consultancy. etc. and also provided support and guidance to various Countries in Asia and Africa.

By the end of 2010-11, the Institute has trained more than 70,000 persons including 2000 from 125 countries.

During 2011-12, NIESBUD is conducting 8 international training programmes for training 200 participants from 25 Countries. The programmes would be of 8 weeks duration and would include field visits etc. apart from class room sessions.

During the financial year 2011-12, the Institutes would train at least 40,000 persons in employable skills and would strive for the wage/self employment of at least 10,000 participants.