RSETI at a glance:-
RSETI (Rural Self Employment Training Institute) is an initiative of Ministry of Rural Development (MoRD). It is a three-way partnership between the Ministry of Rural Development (MoRD), GoI, State Governments and Sponsor Banks. The Banks are mandated to open at least one RSETI in their lead district to provide training to rural youth to take up self-employment/ entrepreneurship ventures. RSETI program runs with an approach of short-term training & long-term handholding of entrepreneurs. RSETIs are mainly providing training to Rural poor youth between the age group of 18-45 years to make them self-employed. The RSETIs have become established as pioneers in capturing the aspirations of the rural poor youth and turning them into profitable entrepreneurs by training them in the domain and entrepreneurial skills.
RSETI is governed by 3 committees namely,1.National Level Advisory Committee on RSETIs (NLACR) chaired by Secretary MoRD (half yearly meeting), 2. State Level Steering Committee on RSETIs (SLSCR), Principal Secretary (RD), State Govt.(half yearly meeting) and 3. District Level RSETI Advisory Committee (DLRAC), Chaired by DC / CEO of DRDA (quarterly meeting).
NACER (National Centre for Excellency of RSETI) an aegis of MoRD monitoring RSETI through SDR (State Director of RSETI) appointed by MoRD and we are monitoring RSETI from Head Office, Financial Inclusion department through concerned Zonal office & LDMs in liasoning with NACER / MoRD / concerned State NRLM / SLBC
At present total 590 RSETIs are functioning across the country. These RSETIs are sponsored by 24 Bank (Public & Private). MoRD is funding building construction cost and training costs through respective State NRLM to sponsoring Bank. Till the December 31, 2022, put together, all RSETI have trained 43.90 lakhs candidates.
We are sponsoring 43 RSETIs. So far, since inception, all our RSETIs have trained approx. 3.00 lakh candidates, out of which 2.11 lakhs (70.36%) have been settled and 1.02 lakh (50.81%) have been credit linked.
At District level, a part from training to rural youth, RSETI provides different types of training i.e. PMEGP, one GP one BC, Bank BC, training sponsored by NABARD, KVIC, DIC and training programme of different Govt. department / Ministries etc.
Details of RSETIs managed by our Bank:-
Excel sheet attachment-1