SME Employment Scheme
The SME Employment Scheme, announced in the Budget Speech 2018-19, seeks to instill and develop entrepreneurial skills among graduates, boost their employability while providing SMEs with an injection of fresh talents to support their development
The Scheme has the following objectives: provide skills to SMEs; boost the employability of young graduates; trigger a culture of entrepreneurship in the youth, and support SMEs financially to retain the services of a graduate. Employment under this Scheme will generally cover a period of two years and renewed after the first year upon satisfactory completion. A monthly stipend of Rs 14,000 based on attendance will be provided to each graduate during this period while the employer will pay the monthly traveling costs.
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SME registration can be done directly online now via our SME PORTAL