(The Gist of PIB) National Entrepreneurship Awards, 2019[AUGUST-2019]

National Entrepreneurship Awards, 2019

• Ministry of Skill Development and Entrepreneurship announced the fourth edition of National Entrepreneurship Awards, 2019. 

Key highlights 

• The annual awards have been instituted to honour outstanding young first generation entrepreneurs and ecosystem builders for their exceptional contribution in entrepreneurship development. 
• It was instituted by Ministry of Skill Development and Entrepreneurship (MSDE). 
• There are a total of 45 specially designed awards to be bestowed – 39 Enterprise Awards and 6 Awards for Entrepreneurship Ecosystem Builders.
• Winners will be presented with a Cash Prize of ₹5 lakh (enterprises/ individuals) and ₹10 lakh (organizations/ institutes).

Eligibility: 

• To be eligible for these awards, the nominee (entrepreneur) – must be under the age of 40 years; must be first-generation entrepreneurs; must hold 51% or more equity and ownership of the business; and women entrants must individually or collectively own 75% or more of the enterprise.

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Courtesy: PIB