Jamia Launches Livelihood Business Incubator

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The scheme envisages a holistic approach to create new jobs by promoting the entrepreneurship culture and also creates a force of skilled manpower.

Union Minister Kalraj Mishra Launched the Livelihood Business Incubator at Jamia Millia Islamia

New Delhi: Jamia Millia Islamia launched ‘Entrepreneurship and Skill Development programme’ on November 15. Union Minister for Micro, Small and Medium Enterprises (MSME), inaugurated the Livelihood Business Incubator (LBI) under the programme. He announced a grant of Rs. one crore for the purpose to the University under the ASPIRE Scheme of his ministry.
Inaugurating, Mr. Mishra said, “This LBI is the first of its kind being set up in partnership with an academic institution at a cost of Rs 1.55 crore, out of which the University has spent Rs. 55 lakh for creating this facility. I am sure this will definitely encourage the students to become budding entrepreneurs in the future.”
The LIB has been set up by the Centre for Innovation and Entrepreneurship (CIE) Jamia Millia Islamia.
The scheme envisages a holistic approach to create new jobs by promoting the entrepreneurship culture and also creates a force of skilled manpower to undertake the job so created, he said adding that this will help in providing economic development at the grass root level across the country by facilitating innovative business solutions for unmet social needs.
Mishra informed that the Government has set up the Atal Innovation Mission (AIM) at a cost of Rs. 10,000 crore. “World over, MSMEs have been the hub for innovation. Our Government has launched “Start-up India and Stand-up India” for setting up new enterprises. It is with this objective in view and to encourage innovation in MSME sector, the ASPIRE Fund was created, focusing on innovation in the agriculture sector,” he added.
The Minister also referred to the launch of “National SC/ ST Hub” last month by Prime Minister Narendra Modi and said, it will create an eco-system for setting up of SC/ ST enterprises to meet the gap in public procurement. He also referred to the Zero Defect (ZED) scheme as an international standard for enterprises to compete in the global market.
LBI Programme has been set up to train and skill prospective entrepreneurs to learn product manufacturing processes, technology development, business development, marketing and other skills. LBI would also offer a short-term 6-week programme on ‘Entrepreneurship and Skill Development’ in the areas including, PET Bottle Making and R.O. Plant, Bakery Products, Spice Grinding and Packing, Tailoring and Machine Embroidery, Computer Hardware and Networking, Gem / Jewellery-making, and the like. The Programme is designed to help the participants acquire skills to set up their own business units.
Prof. Mini S. Thomas, Director, CIE said that they were planning to run the courses in three modes i.e, regular mode for the youngsters in the neighbourhood during the day time, evening mode for Jamia students and a weekend batch for working professionals. n