ENA State 2024-08-29 16:14:37 <p><span style="font-size:14px"><strong>Hyderabad, Aug 29 (KNN)</strong> Industries Minister D Sridhar Babu announced a comprehensive plan to equip approximately 50,000 young individuals with skills aimed at securing employment opportunities globally and fostering entrepreneurship, on Wednesday.</span></p> <p><span style="font-size:14px">The minister emphasised the government's commitment to youth employment, stating that efforts are being made to align skill development with market demands.</span></p> <p><span style="font-size:14px">This initiative is designed to enable youth to seize opportunities not only within Telangana but across India, as well as to establish their own enterprises.</span></p> <p><span style="font-size:14px">In a significant move to bolster the micro, small, and medium enterprise (MSME) ecosystem in Telangana, the state government launched TEJAS (Telangana Entrepreneur Journey for Accelerating Success).</span></p> <p><span style="font-size:14px">This program was inaugurated through the signing of a Memorandum of Understanding (MoU) between the Department of Industries and Commerce and the National Small Industries Corporation Limited (NSIC).</span></p> <p><span style="font-size:14px">Under this agreement, district industries centres across all 33 districts of Telangana will actively promote NSIC schemes among local MSMEs and collaborate on skill development activities.</span></p> <p><span style="font-size:14px">The NSIC, an ISO 9001:2015-certified Mini-Ratna Government of India enterprise operating under the Union Ministry of MSME, plays a crucial role in promoting and supporting the growth of micro, small, and medium enterprises.</span></p> <p><span style="font-size:14px">The corporation offers a range of tailored schemes designed to enhance the competitiveness of MSMEs.</span></p> <p><span style="font-size:14px">These include integrated support services in areas such as marketing, technology, finance, and other essential business functions.</span></p> <p><span style="font-size:14px">Among the key services provided by NSIC are raw material assistance, bill discounting, single point registration, digital facilitation, and credit support.</span></p> <p><span style="font-size:14px">Additionally, the corporation facilitates materials testing and conducts skill development training at its centres throughout the country, including one in Hyderabad.</span></p> <p><span style="font-size:14px">These centres are specifically designed to address the skilled manpower needs of the MSME sector and to cultivate entrepreneurship.</span></p> <p><span style="font-size:14px">This collaborative effort between the Telangana government and NSIC represents a significant step towards empowering the state's youth and strengthening its MSME sector, potentially leading to increased employment opportunities and economic growth in the region.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 39098 https://knnindia.co.in/news/newsdetails/state/telangana-govt-launches-initiative-to-support-youth-employment-and-msme-growth 2024-08-29 16:14:37 knnindia.co.in