Thirty institutes of higher learning, five schools, 15 industrial training institutes and two entrereneurship development centers would be set up in Telangana under the National Scheme on Entrepreneurship Development
A new scheme on entrepreneurship development has been formulated by the Union Ministry of Skill Development to create an enabling ecosystem for entrepreneurship development through entrepreneurship education and training.
The scheme is expected to target to cover 7.10 lakh students in the country through various project institutes such as institutes of higher learning, schools, industrial training institutes, entrepreneurship development centres and skill development centres in a span of five years (2016-17 to 2020-21).
Under the scheme, project institutes which have 2,500 sqft space or higher and can allocate at least two faculty/facilitators in the first year and an additional faculty/facilitator from second year onwards are eligible for selection, he said in a statement here. The Centre will provide financial assistance to the selected institutions to set up infrastructure for delivering the programmes. The institutions will receive a grant of Rs 9 lakh for a period of five years plus additional Rs 3 lakh for infrastructure set up in government institutions. Honorarium of Rs 5,000 per month would be provided for each faculty facilitator and towards costs related to faculty training.
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