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Unemployment has been a prevailing problem in India since many highly qualified youngsters struggle to find excellent jobs. Especially with the growing population, the competition makes this difficulty even more certain. This brings the intent to build start-ups to many youngsters.
The Indian Government is providing support to these dreams through several schemes. PM-YUVA yojana is one of those schemes that recognise a start-up's passion and creativity and support it.
The Ministry of Skill Development and Entrepreneurship of India introduced Pradhan Mantri YUVA Yojana under the governance of PM Modi. The Indian Government launched this scheme on 9th November 2016, for a vision to run it for the next 5 years.
This scheme will train and educate aspiring entrepreneurs to achieve their dream business. Additionally, it endorses a support network for entrepreneurs and promotes social enterprises for all-in growth.
Below are some key objectives of this scheme:
Some of the key features of PM-YUVA yojana are:
Students pursuing or completing the following degrees are eligible for this scheme:
Some major benefits of PM-YUVA Yojana are as follows:
The PM-YUVA Yojana inspires young entrepreneurs of India to diligently participate in our country’s economic growth with their start-ups. India can attain an increasing national income with these well-executed and successful enterprises in the long run.
The Union Ministry of Skill Development and Entrepreneurship announced this scheme on 9th November 2016.
The Union Ministry of Skill Development and Entrepreneurship announced this scheme on 9th November 2016.
3,050 institutions are currently providing these training programs for entrepreneurship development.
3,050 institutions are currently providing these training programs for entrepreneurship development.
When launching a startup, young entrepreneurs should look beyond just the business idea and focus on building a strong foundation. This includes creating a clear business plan, managing initial finances wisely, and understanding market demand. It's also important to prepare for uncertainties, having a financial cushion and opting for essential protections like health insurance can make a big difference. Additionally, they should explore government schemes and mentorship opportunities that support new businesses and skill-building.
When launching a startup, young entrepreneurs should look beyond just the business idea and focus on building a strong foundation. This includes creating a clear business plan, managing initial finances wisely, and understanding market demand.
It's also important to prepare for uncertainties, having a financial cushion and opting for essential protections like health insurance can make a big difference. Additionally, they should explore government schemes and mentorship opportunities that support new businesses and skill-building.