The state government of Uttar Pradesh has launched a new scheme named “NIDHI EIR Yojana” (National Initiative for Developing and Harnessing Innovation Entrepreneur in Residency) for engineering students to develop new ideas.
The objective of the scheme is to provide financial support for engineering colleges and students to bring more innovative ideas to develop more business and employment opportunities across the state.
Recently, Chief Minister of Uttar Pradesh distributed cheques to 11 students of the engineering colleges. These students were selected from engineering colleges in the state for their unique and innovative ideas.
NIDHI EIR Yojana for Engineering Student
This scheme is providing monetary incentives to meritorious students of engineering colleges for one year. Under the scheme, the state government will offer of Rs. 20,000 to Rs. 30,000 per month for one year to engineering students based on excellency of their ideas.
Moreover, under NIDHI EIR Yojana, the government will provide loan facilities (collateral free loan) to those students who wants to set up their own business based of their developed engineering project. However, their project should have been able to adapt to the changing times and supply the needs of communities throughout the country.
NIDHI is an umbrella program conceived and developed by the Innovation & Entrepreneurship division, Department of Science & Technology, Government of India, for nurturing ideas and innovations (knowledge-based and technology-driven) into successful startups.
TO get more information about this scheme visit on official website at www.nidhi-eir.in or click this link