Confederation of Women Entrepreneurs gets ni-msme status | SupportBiz


Confederation of Women Entrepreneurs gets ni-msme status

The Confederation of Women Entrepreneurs (COWE), a non-profit organization with a vision to build an economically empowered women force, recently achieved the status of National Institute for Micro, Small and Medium Enterprises (ni-msme); informed P. Soudhamini, President of COWE.

ni-msme, formerly known as Small Industry Extension Training Institute (SIET), is an autonomous arm of the Ministry of Micro, Small and Medium Enterprises (MSMEs), working for the promotion, development and modernization of the SME sector.

COWE conducted a total of eight Entrepreneurship Skill Development Programs which trained around 240 unemployed candidates in different trades.  The successful candidates received certificates from M.Chandrashekar Reddy, Director General, ni-msme in a recent ceremony. Soudhamini said that, most of the participants are well qualified and are keen to setup their own enterprises.

Speaking on the occasion M. Chandrashekar Reddy said, “ni-msme trained 30,000 unemployed youth in skill development during the year 2012-13 and 18,000 during 2011-12 in more than 168 trades.  Since its inception, the institute has been taking gigantic strides to achieve its avowed objectives through a gamut of operations ranging from training, consultancy, research and education, to extension and information services.”

He further added that, around 25 to 47 per cent of the students trained by the institute either got a job or settled as an entrepreneur. “The most preferred trade for training is IT.  However, we are constantly introducing new trades such as solar technology, soya products manufacturing under food technology etc.”

The Ministry of MSME has also been supporting the efforts of State Governments/Union Territories, Industry Associations, Financial Institutions, Technical/ Management Institutions, other Non-Governmental Organisations (NGOs), etc. for establishment of new training institutions, as well as strengthening the infrastructure of the existing ones.