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MSME Ministry to support incubation centres in DU colleges

New Delhi, May 31 (KNN) The Union MSME Ministry will give a grant for setting up incubation centres in Delhi University (DU) Colleges to promote innovative business start-ups.
 Each of the incubation centres will be given a grant of Rs 12 lakh, the Delhi University said after signing an agreement with the National Skills Development Corporation (NSDC).
“Under this MOU each year, the approximately 60,000 students of each and every college of the University of Delhi being admitted each year for study under the Four Year UG Programme shall be given-in their second and third years-the opportunity of acquiring special skills for jobs and entrepreneurships related to the knowledge that they will obtain in their FYUP studies,” DU said in a press release.
The students will be given training in the sectors of - Banking, Financial Services and Insurance (BFSI); IT and IT Enabled Services (ITES); Health Care; Media and Entertainment; Tourism and Hospitality; Automotive Industry.
 As many as “70 per cent of all students under this programme shall be assured placement through NSDC for jobs or for becoming entrepreneurs in the above sectors,” the release added.
 These courses will be made available in each college under the Applied Courses of the FYUP. The colleges will charge a total fee of Rs 2500 per semester for the training for a total of 4 semesters.
 “Those who wish, can avail of a bank loan (through the NSDC), repayable only after the student has been placed in a job,” DU said.
 The four-year programme has been designed to meet educational and social requirements, DU Vice Chancellor Dinesh Singh said, adding that the university’s emphasis is on both skills and knowledge.  

 “We want students to be not just jobseekers but also job creators,” Singh said.

“It is mandatory for all colleges to set up incubation centres. The aim is to encourage entrepreneurship,” DU media coordinator Malay Neerav said.

He said with the introduction of new courses, students will get training in sectors like banking, financial services and insurance, IT and IT-enabled Services, health care, media and entertainment, tourism and hospitality, and automotive industry.

“The courses will be run with the help of the skill development corporation trainers. These six new applied courses are based the industry needs,” Neerav added.

Students will work closely with industry bodies Confederation of Indian Industry and Federation of Indian Chambers of Commerce and Industry.