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.