Karnataka launches Samruddhi scheme

About Samruddhi:

• It is a rural entrepreneurship programme for Scheduled Castes (ST) and Scheduled Tribes (SC) in Karnataka.
• Through this rural employment and skill development programme, the government will partner with private organisations to provide training free of cost.
• The industry partners would invest up to 10 percent or more in retail management, taxation policies and GST, inventory management, soft skills, logistics, etc.”
• The government has also set up a seed grant of up to Rs 10 lakh to help the beneficiaries set up their own franchises or retail outlets. It hopes to create 10,000 SC/ST rural entrepreneurs over the next three years.
• As part of the Samruddhi scheme, the government will also provide a seed grant to deserving youth to start their own franchises or retail outlets after they receive the required training and certification.

Significance of the scheme:

The government is hoping to create around 10,000 entrepreneurs annually in the next three years from among the economically and socially marginalised communities in the State. These entrepreneurs will in their turn create jobs in rural and semi urban areas, and help push employment and skill development in the State further. The government hopes that this scheme will ultimately benefit aspiring, young citizens from rural and tier II cities and ensure sustainable and all-round development.

Sources: the hindu.