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Udyam Abhilasha, a National Level Entrepreneurship Awareness Campaign is launched by;
  • a)
    Exim Bank
  • b)
    NABARD
  • c)
    SIDBI
  • d)
    IFCI
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Udyam Abhilasha, a National Level Entrepreneurship Awareness Campaign ...
On the occasion of Birth Anniversary of Mahatma Gandhi, Small Industries Development Bank of India (SIDBI), had launched a National Level Entrepreneurship Awareness Campaign, Udyam Abhilasha in 115 Aspirational Districts identified by NITI Aayog in 28 States and reaching to around 15,000 youth. SIDBI will join to contribute to "the transformation mission" unleashed for these districts. The campaign would create and strengthen cadre of more than 800 trainers to provide entrepreneurship training to the aspiring youths across these districts thus encouraging them to enter the admired segment of entrepreneurs.
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Udyam Abhilasha, a National Level Entrepreneurship Awareness Campaign ...
Udyam Abhilasha: National Level Entrepreneurship Awareness Campaign

The correct answer is option 'C' - SIDBI (Small Industries Development Bank of India).

Explanation:

Udyam Abhilasha is a National Level Entrepreneurship Awareness Campaign launched by SIDBI. Let's delve into the details:

1. SIDBI:
SIDBI, which stands for Small Industries Development Bank of India, is a financial institution that was established in 1990. It operates under the Department of Financial Services, Ministry of Finance, Government of India. SIDBI's primary objective is to promote and finance small-scale industries in the country.

2. Udyam Abhilasha:
Udyam Abhilasha is an entrepreneurship awareness campaign initiated by SIDBI. The campaign aims to encourage the youth of India, particularly from the socially and economically backward sections, to consider entrepreneurship as a career option. It seeks to instill the spirit of entrepreneurship and self-employment among the masses.

3. Objective:
The main objective of Udyam Abhilasha is to promote entrepreneurship as a viable and sustainable career choice. It aims to create awareness about various government schemes, initiatives, and support systems available for aspiring entrepreneurs. The campaign also focuses on imparting entrepreneurial skills and knowledge to the youth, thereby fostering a culture of innovation and enterprise.

4. Target Audience:
Udyam Abhilasha primarily targets the youth of India, especially those belonging to the economically weaker sections of society. It aims to reach out to students, aspiring entrepreneurs, and individuals who are interested in starting their own businesses.

5. Activities:
The campaign conducts various activities to achieve its objectives, including:

- Organizing entrepreneurship awareness camps and workshops across the country.
- Providing information about government schemes and financial assistance available for entrepreneurs.
- Facilitating access to credit and support services for aspiring entrepreneurs.
- Conducting skill development programs and mentoring sessions for the youth.
- Promoting innovation and fostering a culture of entrepreneurship.

Conclusion:
Udyam Abhilasha, a National Level Entrepreneurship Awareness Campaign, is launched by SIDBI. The campaign aims to create awareness about entrepreneurship, provide information about government schemes, and empower the youth to consider entrepreneurship as a career option.
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