Thirty institutes of higher learning, five schools, 15 industrial training institutes and two entrepreneurship development centres would be set up in Telangana under the National Scheme on Entrepreneurship Development, a senior official has said.
A new scheme on entrepreneurship development has been formulated by the Union Ministry of Skill Development to create the ecosystem for entrepreneurship development through education and training, state Industries Secretary Arvind Kumar said.
The scheme targets to cover 7.10 lakh students in the country through various project institutes such as institutes of higher learning, schools, industrial training institutes, entrepreneurship development centres and skill development centres in a span of five years (2016-17 to 2020-21).
The last date for receipt of applications for empanelment of project institutes is September 26.
Under the scheme, project institutes that have 2,500 sq ft or more space and can allocate at least two faculty/facilitators in the first year and an additional faculty/facilitator from second year onwards are eligible for selection, he said in a statement here.
The institutes should also have broadband connectivity of at least 100 MBPS and possess necessary audio visual equipment and computers and should enrol on an average at least 250 students under the project every year in the first four years.
The Centre will provide financial assistance to the selected institutions to set up infrastructure for delivering the programmes. The institutions will receive a grant of Rs. 9 lakh for a period of five years plus additional Rs. 3 lakh for infrastructure setup in government institutions.
Honorarium of Rs. 5,000 a month will be provided for each faculty facilitator and towards costs related to faculty training, the statement added.