The MSME Ministry plans to collaborate with the Karnataka Small Scale Industries Association (KASSIA) School of Business Management, to offer development schemes for skills and financial assistance for entrepreneurs, according to the Hindu Business Line.
Virbhadra Singh, Union Minister for MSMEs, was welcoming of the initiative and said that the school would go a long way in meeting the constantly increasing demand for skilled labour in India. "The traditional mindset of skill upgradation is not suited to present reality on account of globalisation and changes in technology and work processes.”
The KASSIA School of Business Management, started jointly with ICBMS Educational Trust and Info Career, hopes to to create an eco-system of entrepreneurs who are interested in forming their own startups or joining other early stage enterprises.
In a Hindu Business Line report, Prakash Raikar, president of KASSIA said that most MSMEs face a lack of professional management in terms of a core problem in understanding risk management, analysis and opportunity sourcing and integrated sourcing.
The KASSIA School of Business Management hopes to be a one-stop solution to this problem. The school will offer certificate, long-term and short-term courses in soft skills, skill development, English and Kannada language courses and will incorporate e-learning practices as well.