MSME Minister inaugurates new incubation centre of NSIC in UP

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Saurabh Gupta | 18 Apr, 2015
Union Minister of MSME, Kalraj Mishra Friday inaugurated the new NSIC-Incubation Centre, at Deoria (U.P) in the presence of Ravindra Nath, CMD, NSIC.

Speaking on the occasion, the Minister , MSME stated that this NSIC-Incubation Centre is the first centre of its kind for skill development of youths and budding entrepreneurs in this region.

Commending the initiative of NSIC for its efforts in establishing this centre in this region. which has a fairly literate population (Literacy rate 71.13 pc), Minister of MSME said People can be turned into economic assets if they can be gainfully employed or are enabled to start their own enterprises. It is, therefore, need of the hour to invest in building their capabilities by providing relevant skills for productive employment. It is necessary to give special emphasis on technical / vocational education and skill development so as to increase the skilled workforce in the region.

He further said that several college going students pursuing technical/academic courses look forward to various avenues to earn livelihood after completing their studies. There are also instances where students drop out without completing their academics/ professional courses due to various compelling reasons and they have to look for different sources to earn their livelihood.

Also, large part of the population of this region need to be utilized in non-farm activities without affecting the agricultural output. This will enhance the economic development which is not possible without the productive use of youths or unemployed.

Chairman & Managing Director, NSIC, Ravindra Nath said that NSIC's Training & Incubation Centre at Deoria spread into an area of 5000 sq.ft. will provide training in trades such as Bread & Bakery, Soya Milk production, Water Filteration, Edible Oil Extraction, Packaging, Paper Napkin, Spice Grinding, Socks Knitting, Fashion Designing, Mobile Repair, Electrical Gadget Repair, Computer Hardware & Networking trade, Web Designing & Multimedia, Spice Grinding & Packaging etc. These projects, selected on the basis of local needs, require low investment which can be easily started by the budding entrepreneurs. The people who are not able to start their enterprises for some reason become employable in similar enterprises in the region.

This Centre will train 800 people who will be capable of being self-employed after the completion of their training.

For both the above mentioned categories of population, NSIC's Training and Incubation Centre on its Rapid Incubation Model would be apt so as to train them and provide them opportunities for 'self-employment' and 'job creation' instead of them looking for petty jobs.

Minister said that this fact has been well recognised by the Government of India and his Ministry i:e Ministry of Micro, Small and Medium Enterprises (MSME), has recently launched a "Scheme for Promotion of Innovation, Entrepreneurship and Agro Industry (ASPIRE)" with the objective of creating a favourable eco-system for encouraging the start-ups with sustained employment opportunity creation and to raise the level of skilling for successful enterprise creation.

This is under government's plan to launch district-level incubation centres across the nation to revitalise the micro, small and medium enterprises (MSME) sector and encourage entrepreneurship as per the Budgetary provision.

In his last budget in 2014 the Finance Minister Arun Jaitley had unveiled a slew of measures to revive MSMEs while laying thrust on promotion of start-ups and announced a venture capital fund with a corpus of Rs. 10,000 crore.