Rural Self Employment Training Institutes
RSETI concept is built on the success of Rural Development Self Employment Institutes (RUDSETI) model pioneered by collaborative partnership between SDME Trust, Syndicate Bank and Canara Bank. The model envisages transforming unemployed youth into confident self employed entrepreneurs through a short duration experiential learning program followed by systematic long duration hand holding support. The trainings are executed in such a way that they build entrepreneurship qualities improve self confidence, reduce risk of failure and develop them into change agents. Unique to this model is complete involvement of the banks in selection, training and post training follow up stages.
NRLM encourages public sector banks to set up Rural Self Employment Training Institutes (RSETIs) in all districts of the country. A one-time grant of Rs.1 crore will be made to set up one RSETI in each district in each state, while the state governments will provide free land for the institutes in the districts. Other recurring costs of the institutes will be borne by the sponsoring banks.
NRLM will partner with RUDSETI to provide structured technical assistance to banks and RSETIs for improving the effectiveness of their programs. The areas of technical assistance would include trainee selection methodologies, course development, training pedagogy, MIS and post-training follow-up mechanisms.