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NSIC Rapid Incubation programme creates opportunities for self-employment

Updated: Jun 24, 2014 03:46:24pm
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New Delhi, Jun 24 (KNN)  Union Minister for MSMEs, Kalraj Mishra has applauded the efforts of the National Small Industries Corporation (NSIC) that provides training in more than 200 manufacturing trades, for its Rapid Incubation programme, that creates opportunities for self-employment.
 
“Rapid incubation programme of NSIC is the right step in transforming unemployment to self employment by providing support services to unemployed and unskilled persons including training on machines/projects, helping in preparation of project reports, seeking government approvals, facilitating credit from financial institutions, sourcing of technology and providing market support including raw material sourcing etc,” he said here.
 
The Minister had visited the NSIC's Rapid Incubation Centre in Okhla yesterday, after which he gave away certificates for those trainees who completed the three month long incubation programme successfully, an official statement said.
 
A project film on rapid incubation programme was also released by the minister.

On the need for such a programme, Mishra said that incubation provides necessary facilities for the prospective entrepreneurs and startup companies to learn product manufacturing, its processes coupled with technology development, business development, financing arrangements etc all under one roof.
 
The programme, he added has a huge potential for job creation and it can play a substantive role in fixing regional imbalances.  He further said that in the next five years, the MSME sector will create ample opportunities and that MSMEs can help India in its path to become a developed state.

The NSIC model of Rapid Incubation has been well-received by many developing countries across the world such as Ethiopia, Burundi, Rwanda, Gambia, Zimbabwe, Egypt, South Africa etc.
 
NSIC has already established Rapid Incubation model at Addis Ababa, Ethiopia and Bujumbura, Burundi as well as in South Africa.
 
Offering his comments on the programme, CMD, NSIC, H P Kumar said that the NSIC incubation centre is equipped to provide training in more than 200 manufacturing trades related to light engineering, agro and food processing projects, pharmaceuticals and chemicals, garments, building materials, plastic, rubber, leather and leather products etc.  (KNN/ES)

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