Maharashtra Vijaybhoomi university partners with SIDBI to promote entrepreneurship

New Delhi, May 13 (KNN) Vijaybhoomi University, in Maharashtra's Karjat, and Small Industries Development Bank of India (SIDBI), the principal financial institution for the promotion, financing, and development of the micro, small and medium enterprise (MSME) sector, have signed an MoU to train and nurture youth, and students in entrepreneurship at SIDBI’s office in Mumbai. 

As per the MoU, Vijaybhoomi University and SIDBI will jointly work towards strengthening the entrepreneurial ecosystem in the country. Further, Vijaybhoomi University has a long-term vision to train and nurture youth in entrepreneurship, and identify the location for suitable need-based intervention required by assessing the gap in supply and demand for skilled human resources in consultation with SIDBI.

The University will also provide an implementation framework to address the gaps, provide capacity-building support through the university's campus network and faculty resources as per the program requirements through its online/offline solution, and carry out, through a third party, an impact assessment of the initiative after successful completion of the projects.

SIDBI, the apex regulatory body for overall licensing and regulation of MSME finance in India, conducts interventions that are directed towards poverty alleviation, employment generation, entrepreneurship development, and development of the MSME sector through financial as well as various non-financial interventions.

SIDBI and Vijaybhoomi University will launch a specialized course on entrepreneurship for aspiring skilled youths, ITI-trained students, NSDC skilled aspiring entrepreneurs, and others under the VU-SIDBI partnership to promote entrepreneurship culture in the country. (KNN Bureau)