A few of the top ranked entrepreneurs of India Inc such as Brijmohan Lall Munjal of Hero Group, procured machineries for their units in the initial stages through National Small Industries Corporation (NSIC), the latter is now trying to motivate upcoming entrepreneurs through its incubation-training model.
A unit of micro, small and medium enterprises (MSME) ministry — the NSIC has been promoting its three-month capsule programme at its 52 incubation centres across the country.
"This model is not just incubation of an idea, but of a person too," HP Kumar, chairman, managing director, NSIC told Hindustan Times. "Through our on-the-job training at Okhla and other incubation centres, we're training youths as per their aptitude and ability using low-cost technology," he said.
The NSIC has showcased the concept and low-cost technology machineries at the India International Trade Fair to woo youngsters to go for self-employment.
"It's an enriching experience after visiting the NSIC stall. I've enrolled for the programme by paying Rs500 fee," a youth from Gurgaon said.
Having trained more than 10,000 youth in less than two years, the corporation has set a training target of 300 persons per centre per year.