Efforts to develop entrepreneurial skills and create sustainable livelihood opportunities among youth

NIESBUD – HUL partnership aims to work together towards developing entrepreneurial skills among youngsters in India

Attempts aimed at creating a culture of innovation among the youth of India, the National Institute for Entrepreneurship and Small Business Development (NIESBUD) has signed a memorandum of understanding (MoU) with corporate major and Hindustan Unilever Limited (HUL).  As per the agreement, the two entities will work together in a bid towards developing entrepreneurial skills among the youth and identifying other aspects for mutual collaboration.

The agreement is also expected to further enhance employment generation and create sustainable livelihood opportunities, providing a major boost to nano and micro-entrepreneurship advancement in the country. Under the partnership, both the entities will collaborate to organise training programmes, develop course curriculum, undertake cluster development activities, organise workshops and extend incubation support, provide industry linkages, assist trainees in linking up with suitable wage employment, and the like.

Creating an India of job providers by imparting entrepreneurial skills

According to Rajesh Aggarwal, Secretary, Ministry of Skills Development and Entrepreneurship, India has been transforming itself as the Skill Capital of the World, and has now opened a horizon of new opportunities for its youth. With entrepreneurs considered national assets, they can bring innovations to the business and provide world-class services with the right skill training support. Besides, they can also stimulate economic growth, innovation, competitiveness, and alleviate poverty.

He added that there is an urgent need to empower and enable them in creating a world where we have more job providers than job seekers. In this context, the new partnership is expected to provide a roadmap for employment, growth, and entrepreneurship.

Skill development is considered the first and most important step towards building an Aatmanirbhar Bharat. Taking this belief forward, HUL has made a social commitment to upskill and reskill over 15 lakh youth in India by 2030 to increase their chances of employability.

Support for SANKALP project

Further, the company will also upskill its own workforce so as to make them future-fit. HUL believes that the partnership with NIESBUD will help it work towards promoting skill building and inculcating an entrepreneurial mindset among youngsters.

HUL will also be pumping in Rs 63,00,000 to NIESBUD to support the Skill Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP) Project, which aims at strengthening the entrepreneurship ecosystem, bringing in better market connectivity and inclusion of marginalised sections of the society.

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