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Business Recorder
20 hours ago
- Business
- Business Recorder
BISP to launch Benazir Hunarmand Programme
ISLAMABAD: Benazir Income Support Programme (BISP) is set to launch Benazir Hunarmand Programme on 21 June, a press release said on Tuesday. This initiative aims at equipping BISP beneficiaries with skills for self-reliance and sustainable employment, the press release added. Copyright Business Recorder, 2025
News18
27-05-2025
- Business
- News18
Amid Tensions, Turkey Earns Praise In NITI Aayog Report For Skill Development In MSMEs
Last Updated: Despite strained India-Turkey relations, a NITI Aayog report highlights Turkey's KOSGEB as a model for India's SMEs, emphasising skill development and inclusive support. Even as diplomatic and economic ties between India and Turkey continue to fray, a NITI Aayog report on Monday highlighted Turkey as a model for India's small and medium enterprises (SMEs) to emulate, particularly in the field of skill development. In its latest policy report titled 'Designing a Policy for Medium Enterprises', the government think tank listed programmes of Turkey in addition to Canada, Singapore and Australia for encouraging medium enterprises in India. The NITI Aayog report recommended adopting strategies similar to those pioneered by Turkey's 'KOSGEB' (Small and Medium Enterprises Development Organisation), drawing attention to its innovative online entrepreneurship training programs and inclusive support for women, youth, and persons with disabilities. The report also noted that Turkey's e-Academy (a digital training platform) offered subsidised courses to enhance access for small and medium enterprises (SMEs) across different regions. Drawing inspiration from these models, the report said, 'KOSGEB provides distance training on entrepreneurship; an effective, easy and flexible entrepreneurship training without time and space constraints by E-Akademi Programme … Entrepreneurship Support Programme, with preferential treatment for women, youth and handicapped entrepreneurs." Turkey has been facing a backlash in India after its vocal support for Pakistan during Operation Sindoor, a military response to the Pahalgam terror attack that took place in April this year in which 26 tourists were killed. Yet, the NITI Aayog report paints a markedly different picture, when it comes to commerce. Alongside countries like Canada, Singapore, and Australia, Turkey is listed as a benchmark nation in fostering a robust ecosystem for medium-sized enterprises. The report singled out the Turkish e-academy platform operated by KOSGEB, which offers flexible, remote training programs tailored to entrepreneurial needs – an approach the think tank suggests India would do well to adopt, especially for marginalised communities. Beyond the Turkish reference, the NITI Aayog document also laid out several ambitious reforms for India's medium enterprises. Among the recommendations were a turnover-based working capital financing scheme, the issuance of business credit cards with limits up to Rs 5 crore at market rates, and the establishment of a rapid loan disbursement system supervised by the Ministry of Micro, Small and Medium Enterprises (MSME). According to NITI Aayog, MSMEs contribute approximately 29% to the country's GDP, account for 40% of exports, and employ over 60% of the national workforce. To unlock further potential, the think tank has called for the formation of a dedicated research and development cell within the MSME Ministry, aimed at leveraging the Atmanirbhar Bharat Fund to support cluster-based projects of strategic importance. The report also suggested the upgradation of existing technology centres into sector-specific and regionally customised India SME 4.0 Competence Centres to promote the adoption of Industry 4.0 solutions.
Mint
26-05-2025
- Business
- Mint
NITI report suggests adoption of Turkiyes program to address skill gaps in India
New Delhi, May 26 (PTI) A NITI Aayog report on Monday mentioned Turkiye as one of the nations from which India can adopt global best practices for addressing skill gaps in the country's medium enterprises. The report titled 'Designing a Policy for Medium Enterprises' listed programmes of Turkiye in addition to Canada, Singapore and Australia for encouraging medium enterprises. The report said Turkiye's "KOSGEB provides distance training on entrepreneurship; an effective, easy and flexible entrepreneurship training without time and space constraints by E- Akademi Programme … Entrepreneurship Support Programme, with preferential treatment for women, youth and handicapped entrepreneurs." Also, observing that Turkey's e-Academy is an online training platform providing subsidised courses, enhancing accessibility for SMEs across regions, the report said, "online training programs can be offered at a subsidized rate, and free of cost for marginalized groups (as provided in Turkey's e-Academy)." Turkiye is facing backlash in India for its support to Pakistan during Operation Sindoor, which was launched by the country to destroy terror infrastructure following the Pahalgam terror attack, in which 26 people including tourists, were killed. India's aviation security regulator BCAS earlier this month revoked the security clearance of Turkish firm Celebi Airport Services India on grounds related to national security with immediate effect. The NITI report said for medium enterprises to succeed in a globalized market, there is a clear need for a tailored, data-driven approach to skill development that can align with industry needs and ensure a competitive, skilled workforce. To address challenges faced by medium enterprises, it recommended the introduction of a working capital financing scheme linked to enterprise turnover, a ₹ 5 crore credit card facility at market rates and expedited fund disbursal mechanisms through retail banks, overseen by the Ministry of MSME. The report also suggested the upgradation of existing technology centres into sector-specific and regionally customised India SME 4.0 Competence Centers to promote the adoption of Industry 4.0 solutions. The Aayog also recommended the establishment of a dedicated R&D cell within the Ministry of MSME, leveraging the Self-Reliant India Fund for cluster-based projects of national significance. The MSME sector contributes approximately 29 per cent to India's GDP, accounts for 40 per cent of exports, and employs over 60 per cent of the workforce. Despite its critical role, the composition of the sector is disproportionately weighted -- 97 per cent of registered MSMEs are micro-enterprises, 2.7 per cent are small, and only 0.3 per cent are medium enterprises. Medium enterprises, though only 0.3 per cent of MSMEs, contribute 40 per cent of MSME exports, showcasing immense untapped potential.
