The National Small Industries Corporation Limited (NSIC) has been successful in encouraging people to take entrepreneurship by providing training in its Training-cum-Incubation Centres (TICs). NSIC imparts training in entrepreneurship building to the people who want to set up new small business enterprises in any of the manufacturing/ services sectors or seek employment opportunities in these TICs. NSIC has set up 13 TICs on its own and another 100 TICs have been set up under Public-Private Partnership (PPP) mode in various locations of the country for providing training.
State-wise details of number of trainees passed out from NSIC’s own TICs and TICs set up under PPP mode during last three years and current year (as on 31.10.2015) including the State of Punjab is enclosed at Annexure.
State-wise details of number of trainees passed out from NSIC’s own TICs and TICs set up under PPP mode during last three years and current year (as on 31.10.2015)
|S.No.||Name of state||2012-13||2013-14||2014-15||2015-16*|
|5||Jammu & Kashmir||262||410||595||394|
*As on 31.10.2015
NSIC has also trained 117 persons in the current year to take up entrepreneurship, under Livelihood Business Incubation (LBI) of ASPIRE (A Scheme for Promoting Innovation, Rural Industry and Entrepreneurship) scheme.The Ministry of MSME is providing financial support to new entrepreneurs through the following two schemes
(i) The Prime Minister’s Employment Generation Programme (PMEGP), a major credit-linked programme is being implemented through Khadi and Village Industries Commission (KVIC) which aimed at generating self – employment opportunities through establishment of micro enterprises in the non-farm sector by helping traditional artisans and unemployed youth. Under this scheme, General Category beneficiaries can avail of margin money subsidy of 25% of the project cost in the rural areas and 15% in urban areas. For special categories, such as SC/ST/OBC/Minorities/Women/Ex-servicemen/Physically handicapped/ North Eastern Region/hill and border areas, etc., the margin money subsidy is 35% in rural areas and 25% in urban areas. The maximum project cost in manufacturing sector is Rs. 25 lakh and for service sector, it is Rs. 10 lakh.
(ii) This Ministry launched the ‘Credit Guarantee Fund Scheme’ for small industries with the objective of making available credit to micro and small enterprises, particularly micro enterprises, for loans upto Rs. 100 lakh without collateral/third party guarantees.