Karnataka Current Affairs – KAS/KPSC Exams – 31st October 2018

Entrepreneurship scheme Samruddhi launched

IAS

  • The Social Welfare Department formally launched Samruddhi, a Rs. 800-crore entrepreneurship and skill development scheme, for economically and socially underprivileged youth of small towns.
  • It aims to train youth from SC and ST communities through private organisations in retail management and franchise opportunities.
  • The government will later certify and finance eligible trainees with seed grants of up to Rs. 10 lakh each to set up franchises or retail outlets in a variety of service areas.
  • Initially, the State-owned Karnataka Milk Federation and 30 private entities from different service sectors are being empanelled
  • Candidates can apply from November 7 to 30.

The Process

  • The applicants will be scanned on the basis of their qualifications.
  • The minimum age limit is 21 and one must have an SSLC (10th standard) certificate.
  • They will be given a period of two months to show that they have the land or space for it, or have access to the same.
  • They are then eligible to receive the grant to start their own retail outlet. This is a move away from traditional business loans as we saw a potential for misuse in the loans.
  • These seed grants are secure and will directly reach the intended beneficiaries

Aim

  • With this initiative, the government aims to create jobs in rural and semi-urban areas such as Mysuru, Chamaraja Nagar, Kodugu, BR Hills, and others.
  • This, in turn, is expected to ensure the sustainable and all-round development of young citizens in these areas.
  • The government will also invest in training through ITIs, vocational training, and other institutions.
  • This will provide them with employment opportunities across sectors and help them apply for the grant.
  • The government is investing Rs 800 crore, which is eight percent of the department’s budget, through this scheme.
  • The Samruddhi scheme is on the lines of the Unnati and Airavata initiatives.
  • These target socially marginalised communities and provide them with skill development and alternate means of employment.
  • The Unnati scheme has technology skill training at its core, targeting social innovation.
  • With the Samruddhi scheme, the government hopes to train youth across sectors and convert them into entrepreneurs.
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