A STUDY ON IMPORTANCE OF ENTREPRENEURSHIP SKILL DEVELOPMENT PROGRAMME (ESDP) FOR SUSTAINABLE GROWTH OF MSMEs IN INDIA

Abstract

The Entrepreneurship and Skill Development Program (ESDP) was launched by the Ministry of Micro, Small and Medium Enterprises (MSME) to build the capacities and skills of Indian entrepreneurs, both current and future ones. One of the many initiatives offered by the Ministry of MSME, it aims to increase the capacity of young people to take on challenges and create successful businesses across the nation. There are various activities under the plan that are coordinated in Industrial Training Institutes (ITIs), Polytechnics, and other specialized institutions/business colleges where there is talent available to influence teenagers toward self-employment. One of the essential elements for the development of any area is having an adequate supply of skilled human resources. Today, the problem is fundamentally linked to the employability problem rather than the lack of employment opportunities. This is a major problem in many developing countries where young children are taught, but they need skills that will help them become prepared for the workforce. Hence, the current study has been done with a view to give an analytical outline of the importance of ESDP for the sustainable growth of MSMEs in India.

Keywords

• entrepreneurial skill
• skill development
• sustainable growth
• esdp
• employment opportunities
• programmes &schemes and government initiatives