Entrepreneurship Development Skills in India through RSETI

Rural development is a key element of strategies to reduce poverty and create income and employment opportunities. It is important to unleash and harness grassroots entrepreneurs' creativity, but they are posed with many challenges. To overcome these challenges and promote rural entrepreneurship, with greater support and co-operation from the Government of India and State Government, implemented a prestigious scheme called Rural Self Employment Training Institute, popularly known as RSETI. The main concept of this scheme is to mitigate the unemployment problem of the rural youths. RSETIs are hands-on free training institutes implemented across the country with the main intent to overcome the problem of unemployment. And these institute are managed by banks with active co-operation from the GoI and State Government. These institutes have been set up to ensure a necessary short period of hands-on skill training and skill up-gradation in free of cost and secure accommodation for men and women of the rural below poverty line (BPL) youths. RSETI concepts are based on RUDSETI (Rural Development and Self Employment Training Institute), a Society established jointly by three agencies i. e. , Syndicate Bank, Canara Bank, and Sri Manjunathewsare Trust based on Ujire in Karnataka. Almost in every district (587 RSETIs) in the country, RSETI has been established. The Lead Bank in the district takes responsibility for developing and managing it. Based on field cases, two beneficiaries? cases are presented here, portraying how they have been benefitted after training and earning income as provided with proper backward and forward linkages.