The Nano Unicorn project is one with an extraordinary foresight. While it comes across as an attempt to tackle the problems of local un-employment, it goes much beyond that.
As part of the project, individuals (Nano-Unicorns) who step out of a skill training programme and build a business case to start an entrepreneurial journey capable of creating one or more jobs, are provided with a soft loan of ₹1 lakh to start their ventures. Some of these businesses could be tailoring, electrical repairing, fast food, plumbing, plastic manufacturing, welding, etc.
The entrepreneur is the youth who has graduated from an ITI or a training centre run by a Govt. recognised Skill Development Institute.
These nano-scale entrepreneurs that are today excluded from a sophisticated start-up ecosystem typical of Bengaluru or Gurugram, could play a very important role in creating a new kind of entrepreneurial paradigm.
One that is indigenous. And sustainable.