Pradhan Mantri YUVA Yojana Explained | PM YUVA

April 24, 2020
Pradhan Mantri YUVA Yojana
SEBI Grade A Test Series

Pradhan Mantri YUVA Yojana (Pradhan Mantri Yuva Udyamita Vikas Abhiyan) is a flagship centrally sponsored Scheme scheme on entrepreneurship education and training launched by Ministry of Skill Development and Entrepreneurship in 2016. It aims to create an enabling ecosystem for Entrepreneurship Development through entrepreneurship education and training across the country.

Objectives of Pradhan Mantri YUVA Yojana

PM-YUVA Yojana has four specific objectives:

  • Educate and equip potential and early stage entrepreneurs
  • Connect entrepreneurs in enabling networks of peers, mentors, incubators, funding and business services
  • Coordinate and support entrepreneurs through Entrepreneurship Hubs(E-Hubs)
  • Catalyze a culture shift to support aspiring entrepreneurs

Features of Pradhan Mantri YUVA Yojana

  • The scheme spans over five years (2016-17 to 2020-21) with a project cost of Rs. 499.94 crore.
  • It will provide entrepreneurship education and training to over 7 lakh students in 5 years through 3050 Institutes
  • It will also include easy access to information and mentor network, credit, incubator and accelerator and advocacy to create a pathway for the youth
  • The institutes under the PM’s YUVA Yojana include 2200 Institutes of Higher Learning (colleges, universities, and premier institutes), 300 schools, 500 ITIs and 50 Entrepreneurship Development Centres, through Massive Open Online Courses (MOOCs).
  • It is expected to create approx. 30000 start-ups over five years creating 2,60,000 direct and indirect jobs.
  • A strong pool of 8900 Entrepreneurship Educators and 10,180 Mentors will be created

Beneficiaries of PM YUVA

The target beneficiaries of the scheme are:

  • Traditional students enrolled in degree programme across undergraduate/ postgraduate courses/ PhD programme/ Diploma School Students
  • Students in Industrial Training Institutes (ITIs)
  • All citizens including unorganized sector, women, and existing entrepreneurs in rural as well as urban areas, who would like to take up entrepreneurship education through coordination and support programmes

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