GMRVF, Andhra Bank Rural Development Trust and the Swarna Bharathi Trust in partnership have established in 2003 the Swarna Bharathi Institute of Rural Entrepreneurship Development (SIRED) at Nellore, Andhra Pradesh.
The objective of the Institute is to motivate, train and assist rural youth in taking up self-employment as an alternative career to seeking jobs. It also aims to empower rural women by acquiring new skills. Unemployed rural youth in the age group of 18-35 years who passed minimum 7th Std. are selected for the free training. The selection is based on personal interview and an aptitude test. Preference is given to the economically- and socially- disadvantaged groups.
Trainees are provided free boarding and lodging and to and fro conveyance to the Institute. Experienced guest Faculty and technicians impart training. Additionally, trainees get soft skills training.
For a period of 2 years after completion of the training program, the progress of the trainees monitored on a continuous basis. They are followed up through regular correspondence, telephonic talk and personal visits to their places. The Institute assists needy candidates to secure bank loans and in setting up micro - enterprises.
Satya’- A Successful Enterprise
- The Institute conducts both EDP (Entrepreneurship Development Programme) and in-situ (on field) programs.
- The Institute has trained about 8000 youth so far.
N. Sumanth Kumar is from Nellore, Andhra Pradesh. After completing Intermediate, he was unable to pursue higher studies as it was beyond the means of his. Further, his parents were less favorable for his higher studies. It was at this time that he heard about SIRED’s training in A/C and Refrigeration Mechanism. He joined the course. After the completion of the course, Sumanth started a small A/C mechanism shop in Nellore. Gradually, his shop, ‘Satya’, became popular. He got Annual Maintenance Contracts for servicing Air conditioners from few Hotels at Nellore. Now he is earning Rs.10000/- per month and he has given employment to two more trainees of SIRED.