Current Affairs - State - Discussion

Entrepreneurship scheme Samruddhi launched in Karnataka. The main objective is to impart skill development and benefit aspiring, young citizens from rural and tier II cities. The scheme, targeted at socially marginalized communities to provide them with skill development and alternate means of employment has a total cost of Rs.800 crore. For this, the government is partnering with private enterprises to train the youth from backward communities. The training will include retail management, taxation policies, and GST, inventory management, soft skills, and logistics. To create industry owned private enterprise, the State government signed a memorandum of understanding (MoU) with 30 retail companies.