Skilling towards Entrepreneurship

Posted by IL&FS Skills Development Corporation Limited on February 28th, 2019

India has numerous reasons to focus on skill development of its populace. In addition to the obvious economic benefits of having a skilled population, skilling helps address multifarious challenges. A citizenry, especially the youth, involved in productive employment ensures a progressive society and nation. Holistic and targeted skilling, including knowledge of forward and backward linkages, would produce entrepreneurs, who are job creators. Finally, a skilled population would help maximize the demographic dividend and even provide the much-needed manpower to a global economy facing an ageing workforce. A Boston Consultancy Group study, in 2007, indicated that by 2020, while India will have surplus of 56 million working people, the rest of the world will encounter a shortage of 47 million working people.

The National Skills Development Corporation (NSDC) was launched at the behest of the industry in 2009, with an aim to skill 150 million people, in 20 high-growth sectors, by 2022, through a three pronged approach revolving around creating, funding and enabling sustainable skills training initiatives in the private sector.

IL&FS Skills Development Corporation Limited (IL&FS Skills) is a joint venture between IL&FS Education and Technology Services Limited (IL&FS Education) and National Skill Development Corporation (NSDC). The setting up of IL&FS Skills, in 2011, was triggered by the increasing demand of trained manpower for the jobs created in various sectors. From being a pilot programme, offered for the textile sector, today it is one of India’s largest vocational training company with a goal to train 4 million people, by 2022, through a network of 300 + institutes of skills based on the hub and spoke model.

Courses cover a kaleidoscopic range of domains: Manufacturing, Engineering & Construction, Automotives, Healthcare,Telecom, Hospitality, Retail, BFSI etc. After completion of programmes, a dedicated placement team ensures the subsequent, productive placement of candidates, vital for the former’s independence, self-confidence, and most importantly empowerment through a professional career. This can be ensured in, chiefly, two ways: a salaried job or self-employment: the choice is the candidate’s.

Professions in the areas of Hospitality, or as a General Duty Assistant/GDA, Assistant Machining Technician, Customer Care Executive and Assistant Welder see candidates generally choosing wage employment, while domains such as Retail, Sewing Machine Operator, Assistant Electrician and GST Account Assistant are trades where candidates can choose either a salaried job or a path as an entrepreneur.

WithBest skill development courses on board, the skill sets taught became easier to grasp especially when they were provided with top notchcontent along with the availability of smart Classes. Smart learning solutions andSkill Training are really improvising the growth of young entrepreneurs who are learning how to tackle self-sustenance without relying on any analogue discourse. This has indeed changed the way education is looked at.

Courses are designed in such a way that candidates are confident of starting their career through entrepreneurship, thanks to the methodology used during training, which ensures not only thorough knowledge about the concerned profession, but also instills in them a sense of confidence about how to present and hold oneself in the professional world.

Nizamuddin is a graduate residing in Sanjay Colony, Delhi. He wanted to work in an accounting firm but was unable to get a job and was rejected by employers given his lack of skills or experience. When he heard about the GST Accounts Assistant training programme, being offered under PMKVY, at PMKK South Delhi, he visited the institute and spoke with the counsellor. Upon understanding the eligibility criteria, scope and opportunities, Nizamuddin enrolled for the training programme. He has now established a small company named Oasis Tax Solutions close to his residence, and earns approximately Rs, 20,000 per month. For him, the journey has just begun.

Says another young entrepreneur Amaan, “I have learnt so many things during the training in my domain and apart from domain skills I have learnt soft skills, IT Skills and English language too that has helped me growing up to an extent. Amaan, a youngster with the dreams in his eyes, wanted to achieve something big for his family, post the successful completion of his training programme for an Assistant Electrician; the young man decided to pursue his career as an entrepreneur, and, hence, started his own business under the name of JA Electricals. At the age of just 21, where most of the candidates don’t think too much about their career, Amaan has become a successful entrepreneur and is earning around Rs 15,000 per month, with eyes set on bigger goals in the times to come.

With the availability and accessibility to the New teaching technologies, people are getting the scalability they required to excel. This is the change we look forward to bring forth through the initiatives like Pmkvy courses, b voc courses and many more.