A Techno-Financial, Incubation, and facilitation Program launched by the Niti Ayaog, the Government of India for supporting several aspects of start-up business and various other self-employment activities. The scheme focuses mainly on technology-driven areas. The main aim of the scheme is to offer at least 100,000 jobs via start-ups. It encourages the proper use of one’s talent for achieving the goal of efficiency and productivity.
Overview of Self Employment and Talent Utilisation Scheme
|Name||Self Employment and Talent Utilisation Scheme (SETU)|
|Launched by||Niti Ayog|
|Nodal Ministry||Ministry of Road Transport & Highways|
|Sector||Central sector scheme|
|Supported by||Government of India|
Objective and Benefits of Self Employment and Talent Utilisation Scheme
•The scheme launched by the Niti Aayog
Initially, RS 1000 Crore is being set up by the NITI Aayog towards the scheme for enhancing
the skill development and setting up of incubation centres.
•The scheme will help in ease of doing business and facilitating the start-up ecosystem.
•To increase the number of start-ups in the country by extending various services and reducing the unemployment rate.
FAQS Frequently Asked Questions
What is Setu under Niti Aayog?
An amount of INR 1000 crore has been set up in the Niti Aayog for SETU for skill enhancement through incubation centres. The ultimate aim of the scheme is employment generation. SETU meaning, as understood from SETU full form, is encouraging self-employment and talent utilisation.