Skilling

Entrepreneurship development institutions play a vital role in preparing young people to be responsible, enterprising individuals so that they can contribute to economic development and sustainable communities. Recognizing the need to develop the infrastructure, teaching aids etc. of such institutions, an initiative for ‘Need-based Assistance to Institutes/Partner Agencies’ has been introduced under the Entrepreneurship Development Scheme (EDS) of the Government of Mizoram. This is supplemented by the “Entrepreneurship-cum-Skill Development Programme” which provides funding for organizing training programmes and imparting entrepreneurship skill. The initiatives will provide financial assistance in the form of Grant-in-Aid to Institutes/Partner Agencies engaged in promoting and developing entrepreneurship in Mizoram based on the following criteria and conditions and further subject to the authority/administration of the Mizoram State Entrepreneurship Development Monitoring Committee (MEDMOC).

CRITERIA FOR ELIGIBILITY

The following criteria have to be met in order for an institution/agency to be eligible for receiving GIA under the Scheme: -

1.      The institute/agency must be primarily engaged in the promotion and development of entrepreneurship in Mizoram.

2.      The institute/agency should play a significant role both as hubs of entrepreneurial ecosystems and educating/training entrepreneurial individuals.

3.      The institute/agency must have adequate infrastructure for the above purposes with a minimum of 1 (one) lecture hall for accommodating at least 50 students.

4.      The institute/agency should have accreditation by relevant institutions/bodies.

RELEASE OF FUND TO INSTITUTE/PARTNER AGENCY

1.      The approve fund shall be released in installments; 40% of the fund will be released as first installment and the subsequent installment on satisfactory progress of the project in compliance with the agreement as assessed by the Government, based on site visit, discussion and project report.

2.      This grant shall be utilized as per the Approved Action Plan submitted by the Institute/Partner Agency. No portion of the grant shall be utilized for any purpose other than as detailed in the proposed Action Plan, and as is necessary to perform the Plan.

3.      Institute/Partner Agency shall furnish 2 (two) copies of the certificate of actual utilization of the released grant within 3 (three) months from the date of its release.  The Utilization Certificate shall be supported by vouchers, brief report and photographs, machinery & equipment etc. purchased. The Utilization Certificate must be duly signed by the head of the Institute/Partner Agency.

4.      Failure to meet the minimum expectations or failure to produce the certificate of actual utilization and project reports in time (i.e. within 3 months) or discontinuation of the project may result in violation of the guidelines which can result in penalties as severe as paying back of the grant released to the Institute/Partner Agency.

5.      The Government of Mizoram or MEDMOC shall not be held responsible if the execution of the work is delayed/interrupted due to causes such as Act of God, Natural calamities, War, Major Civil commotion, Fire, Storms, Floods, Strikes or Lock-outs or any other cause which is beyond the control of either of the parties. In such an event either party shall not compensate the Institute/Partner Agency for the loss that might accrue or might have accrued because of the effect of such event on execution of the Action Plan.

The Following are the various activities conducted under Entrepreneurship Skill Development Programme :