SETU – Self Employment and Talent Utilisation Scheme

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)
Launch year	2015
Launched by	Niti Ayog
Nodal Ministry	Ministry of Road Transport & Highways
Sector	Central sector scheme
Status	Active
Supported by	Government of India
Official website	https://www.startupindia.gov.in/content/sih/en/government-schemes/setu_scheme.html

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

Question-

What is Setu under Niti Aayog?

Answer-

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.

External links

NITI Ayog

https://niti.gov.in/