Study on Development of RSETI Training Programme at South Andaman district of Andaman and Nicobar Islands

Abstract

The first and foremost important problem in today’s generation and economy is lack of financial literacy. The financial literacy towards entrepreneurship intention of rural youths of South Andaman District of Andaman and Nicobar Islands are studied here. The Rural self-employment training Institute are working on several districts of India and they are provided with these programmes to improve the entrepreneurial intention and financial literacy among the rural youths. This study is intended to know the influence of these programmes on entrepreneurship and its inception of skill in their respective fields and role of RSETI in supporting the trained candidates in settlement. Rural self-employment training institute (RSETI) is a replicated model of rural development and self-employment training Institute (RUDSETI) and a unique initiative which ids not only imparts training to the rural youths for different economic activities but also extends the supports to beneficiaries to settle though self-employments by providing credit linkage to the beneficiaries. The data was collected through primary and secondary data sources. The data taken from the beneficiaries who took training during last eight years and were engaged different entrepreneurial activities. Findings of this study states that 75% of them (cumulative) are new self-proud to be as successful entrepreneur. This year i.e., (2019-20) 489 candidates have been trained and majority of them i.e., 71% and above settled through bank finance/ wage employment.