Center To Setup Incubation Centers In 6 ITIs In Telangana 

Hyderabad, March 17 (Maxim News):  As part of the union Micro, Small & Medium enterprises Ministry-funded Livelihood Business Incubator (LBI) Scheme, six government Industrial Training Institutes (ITIs) in Telangana have been identified for establishing incubation centers to promote entrepreneurship among youth.  The incubation centers will be set up at the government ITIs in Sircilla, Wanaparthy, Khammam, Nizamabad, Medchal, and Karimnagar districts. 

According to officials of the Department of Employment and Training, the prime focus of these incubators would be to create jobs at the local level and reduce unemployment by creating a favorable ecosystem for entrepreneurial development.  As part of the initiative, youth would be imparted entrepreneurship, skill development training, mentoring, and hand-holding with facilitation for funding with a view to empower them to set up their own business enterprises in these incubation centers, they informed. 

The Livelihood Business Incubator Scheme aims to strengthen the innovation ecosystem for the MSMEs to make them more competitive and sustainable.  Giving details about the scheme, those interested in setting up their unit after completing training, a one-time grant of 100 percent of the cost of plant and machinery, other than land and infrastructure upto Rs. one crore for government agencies and for Public and Private Partnership (PPP) mode with the government. A one-time grant of 50 percent of the cost of plant and machinery, other than the land and infrastructure, or Rs. 50 lakh, whichever is less would be provided. 

A private applicant who wants to set up, a one-time grant of 75 percent of the cost of plant and machinery, other than the land and infrastructure, or Rs. 15 lakh, whichever is less would be provided.  (Maxim News) 


Next Story :

  • India Records 3,016 New Covid Cases in the Last 4 Hours

    India Records 3,016 New Covid Cases in the Last 4 Hours

    New Covid cases recorded 3,016 in 24 hours, this is a 40 percent jump in a single. The daily positivity rate has been recorded at 2.7 percent and the weekly positivity rate at 1.71 percent, according to the Union Health Ministry data.


  • Submission Date of Token Advance For Rajiv Swagruha Postponed Till Apr 15

    Submission Date of Token Advance For Rajiv Swagruha Postponed Till Apr 15

    The Rajiv Swagruha Corporation is allotting available flats at Bandlaguda and Pocharam Township through a lottery in Phase-IV. The last date for submission of token advance Demand Drafts (DDs) has been extended to April 15.


  • Karnataka Elections: Muslim Reservation, Polarisation, And Corruption Will be Key Topics

    Karnataka Elections: Muslim Reservation, Polarisation, And Corruption Will be Key Topics

    As political parties, including the key players BJP, Congress, and Janata Dal (Secular), AIMIM have geared up for the May 10 Assembly elections in Karnataka, the issues that are expected to the among the top campaign material are Muslim Reservation, Polarisation, and Corruption.


  • Rs. 25 Lakh Collected For AEE Exam Paper

    Rs. 25 Lakh Collected For AEE Exam Paper

    The custodial hearing of the three accused in the TSPSC paper leakage case continues for the second day. Today, the police shifted the accused from CCS to Himayat Nagar SIT Office. The SIT officials questioned the Group-1 paper written by A10 Shamim, AII Ramesh, and A12 Suresh. It seems that the three accused have given a statement to the SIT that the Group-1 paper was received from Praveen. Officials are investigating whether these three have given the papers to anyone else.


  • Suryapet: TSRTC Rajdhani Bus Burnt Due To Bike Collision

    Suryapet: TSRTC Rajdhani Bus Burnt Due To Bike Collision

    TSRTC Rajdhani Bus and a two-wheeler collided in Munagala Mandal of Suryapet district.


Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe.  Click to follow Indtoday’s Facebook page and Twitter and Instagram. For all the latest Hyderabad News updates

Leave A Reply

Your email address will not be published.