IFC, a member of the World Bank Group, is partnering with the National Institute of Entrepreneurship and Small Business Development (NIESBUD) in a program to enhance the skills of corporate trainers, an initiative designed to support growth of small businesses in India.
National Institute of Entrepreneurship and Small Business Development
India’s small business sector has been limited by an acute shortage of skills. The IFC-NIESBUD program is part of a countrywide effort by the Indian government to build a skilled workforce of 500 million people by 2020. Supporting smaller businesses is a key part of IFC’s strategy in India to support smaller business.
IFC is partnering with the National Institute of Entrepreneurship and Small Business Development to improve entrepreneurs’ business skills through improved and systematic training programs. 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 program 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 c, which will include upgrading existing institutions and setting up skills development centers, among other initiatives.
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.