IFC, NIESBUD to launch programme for trainers of small entrepreneurs in India

NetIndian News Network

New Delhi, February 6, 2012

The International Finance Corporation (IFC), a member of the World Bank Group, and the National Institute of Entrepreneurship and Small Business Development (NIESBUD) have launched a programme to enhance the skills of corporate trainers, an initiative designed to support growth of small businesses in India.
India’s small business sector has been limited by an acute shortage of skills and the programme is part of the Government's efforts to build a skilled workforce of 500 million people by 2020. Supporting smaller businesses is a key part of IFC’s strategy in India, it said in a press release here today.
The release said IFC was partnering with NIESBUD to improve entrepreneurs’ business skills through improved and systematic training programmes. The project will also include measurement of training results and outcomes by ensuring application of skills in their daily work lives. A key component of the project is building a professional community among trainers.
“The programme aims to create a cadre of trainers capable of transferring their skills and knowledge to small business owners,” said Arun Kumar Jha, Director General of NIESBUD. “This will help these firms apply the learning in their workplace to improve performance.”
The micro, small and medium enterprises sector is one of the largest employers in India, providing more than 60 million jobs. Recognizing the importance of skills development, the Prime Minister’s Task Force on Skills Development is formulating a National Skills Development Policy, which will include upgrading existing institutions and setting up skills development centers, among other initiatives.
“Small businesses are one of the key drivers of economic growth and social development in India,” said Anil Sinha, IFC General Manager for Advisory Services in South Asia. “By improving the skills of trainers, IFC will assist the Institute to design a program that aims to establish a new standard of excellence for entrepreneurship training in India.”
To implement the training project, IFC will leverage its Business Edge Training of Trainers methodology that has been rolled out in 29 countries. BusinessEdge is a learning platform for small businesses that includes a comprehensive and effective approach to equip trainers with key facilitation skills. It has also established objective standards by which to evaluate the performance of trainers, the release said.
IFC is the largest global development institution focused exclusively on the private sector and helps developing countries achieve sustainable growth by financing investment, providing advisory services to businesses and governments, and mobilizing capital in the international financial markets.