Govt. of India

Pradhan Mantri Yuva Yojana (PMYY) for Entrepreneurs

The Union Ministry of Skill Development and Entrepreneurship has launched Pradhan Mantri Yuva Yojana (PMYY) to scale up an ecosystem of entrepreneurship for youngsters. Pradhan Mantri Yuva Yojana (PMYY) scheme is for young Entrepreneur who are not properly skilled. Under this scheme young Entrepreneur know about skill development programme, learning and developing process in business for their better future. The central government of India will arrange entrepreneurship education and training programs for over 7 lakh students for next 5 years. The institutes under the PMYY include 2,200 institutes of higher learning (colleges, universities, and premier institutes), 500 ITIs, 300 schools and 50 entrepreneurship development centres through Massive Open Online Courses (MOOCs). This scheme will provide easy access to information and mentor network, credit and accelerator to create a pathway for the youth. The government also provides recognition awards for Entrepreneurship ecosystem builders. The main objective of the scheme is to encourage youth and prepared youth for global competition. This scheme benefits to young educated people who are not skilled and knowledgeable enough to face global competition

Benefits of Pradhan Mantri Yuva Yojana for Entrepreneurs:

  • Pradhan Mantri Yuva Yojana benefits to young entrepreneurs across nation
  • Young entrepreneur learn about skill, learning and developing process in business
  • After training youth able to face global competition in Entrepreneurship

Objectives of Pradhan Mantri Yuva Yojana for Entrepreneurs:

  1. PMYY is MSDE’s flagship scheme on entrepreneurship education and training. The scheme spans over five years (2016-17 to 2020-21) with a project cost of 499.94 crore rupees
  2. It will provide entrepreneurship education and training to over 7 lakh students in 5 years through 3,050 institutes
  3. It will provide easy access to information and mentor network, incubator, credit and accelerator and advocacy to create a pathway for the youth
  4. The institutes under the PMYY include 2,200 institutes of higher learning (colleges, universities, and premier institutes), 500 ITIs, 300 schools and 50 entrepreneurship development centers through Massive Open Online Courses (MOOCs)

Eligibility for Pradhan Mantri Yuva Yojana for Entrepreneurs:

  1. Young Entrepreneurs below 30 years of age are eligible for this scheme

Important Highlights of Pradhan Mantri Yuva Yojana for Entrepreneurs:

  1. The scheme will run for a period of five years from 2016-17 to 2020-2021
  2. The project implementation cost would be Rs. 499.94 Crore
  3. The scheme will offer education and training about entrepreneurship to over 7 lakh students in 5 years
  4. Training will be provided through 3050 Institutes across India
  5. The scheme will also offer easy access to information and mentor network, credit and advocacy to build a way-out for the youngsters
  6. Institutes under Pradhan Mantri Yuva Yojana will include 2200 Institutes of Higher Learning (colleges, universities, and premier institutes), 300 schools, 500 ITIs and 50 Entrepreneurship Development Centers
  7. The training programs will be carried out by the institutes through Massive Open Online Courses (MOOCs)

For more details about Pradhan Mantri Yuva Yojana for Entrepreneurs visit official site: http://msde.gov.in/enterpreneurship.html

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