Current Affairs

SIDBI launches entrepreneurship awareness campaign

Small Industries Development Bank of India (SIDBI) has launched Udyam Abhilasha (उद्यम अभिलाषा), a national level entrepreneurship awareness campaign.
Udyam Abhilasha: SIDBI launches
  • It was launched in 115 Aspirational Districts identified by NITI Aayog in 28 States.

About Udyam Abhilasha:

  • The campaign will run from 3 October to 8 October, 2018 across India and reach out to around 15,000 youth.
  • It will create and strengthen a cadre of more than 800 trainers to provide entrepreneurship training to aspiring youths across these districts to enter admired segment of entrepreneurs.
  • For implementing this campaign, SIDBI has partnered with CSC e-Governance Services India Limited, a Special Purpose Vehicle, (CSC SPV) under Ministry of Electronics & IT through their CSCs.
  • It will also tie-up with Banks, NABARD, NBFCs, SFBs, District Industries Centres, State Government etc.
  • CSC Village Level entrepreneurs (VLEs) will play the role of catalyst under this campaign for these aspiring entrepreneurs.
  • VLEs will provide training, support aspirants to establish new units, assisting them in availing loans and make them aware about various Government initiatives like Pradhan Mantri Mudra Yojana, SUI etc. and educate them in business literacy.

Objectives of Udyam Abhilasha:

  • Inspire rural youth in the aspirational districts to be entrepreneurs by assisting them to set up their own enterprise.
  • Impart trainings through digital medium across the country.
  • Create business opportunities for CSC-VLEs.
  • Focus on women aspirants in aspirational districts to encourage women entrepreneurship.
  • Assist participants to become bankable and avail credit facility from banks to set up their own enterprise.

About Small Industries Development Bank of India (SIDBI):

  • SIDBI is the principal development financial institution for promotion, financing and development of Micro, Small and Medium Enterprises (MSME) sector in India.
  • It was established on April 2, 1990 through an Act of Parliament (thus, it is a statutory body).
  • It is headquartered in Lucknow, Uttar Pradesh.
  • It facilitates and strengthens credit flow to MSMEs and address both financial and developmental gaps in the MSME eco-system across the country.

Question:

Q. Name the national level entrepreneurship awareness campaign that Small Industries Development Bank of India (SIDBI) has launched?
a. Shram Abhilasha
b. Udyam Abhilasha
c. Parishram Abhilasha
d. None of the above
SIDBI launches entrepreneurship awareness campaign SIDBI launches entrepreneurship awareness campaign Reviewed by Inderjeet Virdi on October 05, 2018 Rating: 5

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