Monika Shukla, Co-founder & CEO, LetsEndorse Development said, “We believe that India has an opportunity to end poverty by 2030 in line with the Sustainable Development Goals, and building sustainable livelihoods is a powerful way to achieve that goal. In addition to improved enterprise success, repayment of loans and enhanced capacity as entrepreneurs, a 50% reduction in cost of financing for micro/ nano enterprises is one of the notable impacts. It is aiming to enable 10,000 enterprises in 2022, leading to livelihoods for 30,000 people directly. NSDC’s collaboration with LetsEndorse will create an impactful framework and democratize micro-entrepreneurship till the last mile.”
Entrepreneurship is one of the crucial pillars in that journey. It is our constant endeavour to skill manpower from across the country and enable sustainable livelihoods. The two organisations will work towards the goal of boosting entrepreneurial capacities, enabling access to affordable Micro, Small and Medium Enterprise (MSME) capital and ensuring overall micro-enterprise success at scale pan-India.Īnnouncing the partnership, Ved Mani Tiwari, Chief Operating Officer (& Officiating CEO), National Skill Development Corporation said, “This partnership is aligned to the objectives of Skill India to create a skilled workforce, empowering them to become entrepreneurs. The tech-enabled model assures scalability and provides end-to-end support to foster enterprise success and sustainable income, from idea building, business plan creation, enabling affordable credit under various government schemes and Reserve Bank of India (RBI) norms to mentorship after the enterprise is set-up. LetsEndorse’s Udyamita model, which has shown promising results in enabling micro/ nano entrepreneurs till the last mile through its 100-day intervention, will be leveraged in this partnership as well. The collaboration will impact the lives of rural and urban individuals looking to set up new enterprises or scale-up their existing ventures in more than 165 segments, across manufacturing, services, trading and new-age digital entrepreneurship. New Delhi : With an aim to support Skill India Mission, National Skill Development Corporation (NSDC) and LetsEndorse have entered a strategic partnership to create a mass and rapid micro/ nano-entrepreneurship movement across India through a tech-and-touch model developed by the latter.