A Memorandum of Understanding (MoU) was signed between the National Institute for Entrepreneurship and Small Business Development (NIESBUD), affiliated to the Micro, Small and Medium Enterprises (MSME) Ministry, and the International Finance Corporation (IFC) on February 6, 2012, at New Delhi, reports the Times of India. This joint venture aims at the improvement of entrepreneurship development in India by conducting innovative training programmes.
NIESBUD trained 4 lakh people in the current fiscal. The MSME Ministry has set a target of training 6 lakh people in the next fiscal. IFC is renowned for its competence in such training programmes. It has conducted similar programmes in 29 countries so far.
MSME Minister, Virbhadra Singh, spoke on the occasion, stating that the joint venture will also help in creating ‘master’ MSME trainers, who will impart requisite business skills to entrepreneurs. NIESBUD and IFC will jointly conduct Training of Trainers (TOT) programmes, to share their vast experiences, which will go a long way towards strengthening the training skills of MSME trainers.
Singh stressed the importance of MSMEs in achieving the country’s socio-economic objectives. He also elucidated the requirement of imparting necessary skills to the country’s workforce, with the aim of reaping optimum demographic dividend.
Singh expressed hope that these training programmes will be extremely helpful in improving business skills and lead to knowledge transfer, ensuring the application of which will help build a professional community of MSME trainers.
The training programmes will use Business Edge Training of Trainers methodology, which has been very successfully by the IFC in the past.
RK Mathur, Secretary (MSME); Amarendra Sinha, AS & DC (MSME); Arun Kumar Jha, Director General, NIESBUD; and Anil Sinha, IFC General Manager for Advisory Services were also present on the occasion.