The Ministry of MSME is committed to training of youth to be employable. The training is imparted through the modality of apex organizations namely National Small Industries Corporation Ltd (NSIC) , National Institute for Micro, Small and Medium Enterprises (NI-MSME) , Central Tool Room (CTR) .

The Scheme envisages financial assistance for establishment of new institutions (EDIs), strengthening the infrastructure of the existing EDIs and for supporting entrepreneurship and skill development activities. The main objectives of the scheme are development of indigenous entrepreneurship from all walks of life for developing new micro and small enterprises, enlarging the entrepreneurial base and encouraging self-employment in rural as well as urban areas, by providing training to first generation entrepreneurs and assisting them in setting up of enterprises. The assistance shall be provided to these training institutions in the form of capital grant for creation/strengthening of infrastructure and programme support for conducting entrepreneurship development and skill development programmes.