Pandey confers National Entrepreneurship Awards to Enterprises & Ecosystem Builders

Speed Post News Network

New Delhi  : Union Skill Development and Entrepreneurship Minister Dr Mahendra Nath Pandey conferred the National Entrepreneurship Awards 2019 to Enterprises and Ecosystem Builders here on November 9, 2019. The fourth edition of the award ceremony was organized on November 9 to mark the completion of 5 years of setting up of the Ministry of Skill Development and Entrepreneurship in 2014.

The awards aim to recognise and honour the outstanding young First-Generation Entrepreneurs and Ecosystem builders for their outstanding contribution to entrepreneurship development and providing support to the entrepreneurs. It seeks to instill  entrepreneurial attitude among the future generations and the Youth of India.

For the awards, 6,098 applications were received online, which were checked for completeness and correctness. The 4,134 eligible applications then underwent field assessment and regional online evaluation, which was undertaken by 12 partner institutes spread across the country. The National Jury, chaired by Dr R A Mashelkar, and comprising of experts from industry, academics and business, then selected the final winners.

There were three categories of competition for entrepreneurs- A1 category for initial investments up to Rs 1 lakh, A2 category for initial investments between Rs 1 lakh to Rs 10 lakh, and A3 category for initial investment between Rs 10 lakh to Rs 1 crore. Various sectors were selected for the awards and there were 4 special categories including Women Entrepreneur, Entrepreneur from SC/ST Category, Entrepreneur from People with Disability category, Entrepreneur from difficult areas. Award Winners received a Trophy, Certificate, and a Cash Prize of Rs 5 lakh (enterprises/ individuals) and ₹10 lakh (organisations/ institutes), according to a PIB release.

Congratulating the winners, Dr Mahendra Nath Pandey said that the awardees reflect the new and emerging India, which is confident and moving ahead. He said that it is heartening to note that people from different parts of the country have participated in the competition and won the awards.