GS2 · Governance14 Jul 2026 · PIB
Union Minister Shri Jayant Chaudhary attends NIESBUD's first Alumni Meet 2026 in Noida
" Successful entrepreneurs must become champions for the next generation of founders by mentoring aspiring entrepreneurs, sharing their experiences and creating pathways for others to succeed," said Shri Jayant Chaudhary, Minister of State (Independent Charge) for Skill Development & Entrepreneurship and Minister of State for Education, Government of India, while addressing Alumni Connect, the first alumni meet of the National Institute for Entrepreneurship and Small Business Development (NIESBUD), organised under the aegis of the Ministry of Skill Development and Entrepreneurship (MSDE) at the institute's Noida campus today.
Quick Revision
Prelims-testable facts
- 01The Ministry of Skill Development and Entrepreneurship is responsible for promoting entrepreneurship in India.
- 02NIESBUD is a premier organization under the Ministry of Skill Development and Entrepreneurship.
- 03The National Institute for Entrepreneurship and Small Business Development (NIESBUD) has organized its first Alumni Meet, 'Alumni Connect', to foster collaboration among entrepreneurs.
- 04Union Minister Jayant Chaudhary emphasized the importance of mentoring aspiring founders by successful entrepreneurs during the event.
- 05NIESBUD's alumni network can play a transformative role in enabling entrepreneurship and innovation in India.
- 06The Entrepreneurship Development Programme (EDP) is one of NIESBUD's flagship programs for capacity-building initiatives.
- 07India needs millions of entrepreneurs to drive innovation, create jobs, and realize the vision of Viksit Bharat.
Trap alerts
- Most people think that entrepreneurship is only about creating jobs, but actually it also involves driving innovation and economic growth.
- Most people think that NIESBUD is a standalone organization, but actually it is under the Ministry of Skill Development and Entrepreneurship.
- Most people think that the Ministry of Skill Development and Entrepreneurship is solely responsible for skill development, but actually it also promotes entrepreneurship.
Prelims Practice MCQs
Single facteasy
Where was the first Alumni Meet of NIESBUD held in 2026?
- A.Noida
- B.New Delhi
- C.Mumbai
- D.Chennai
The first Alumni Meet of NIESBUD was held at the institute's Noida campus.
Statement I & IIhard
Consider the following two statements:
Statement-I: Entrepreneurship is a lifelong journey.
Statement-II: Continuous learning and collaboration are essential for entrepreneurship to thrive.
Which one of the following is correct in respect of the above statements?
- A.Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
- B.Both Statement-I and Statement-II are correct but Statement-II is not the correct explanation for Statement-I
- C.Statement-I is correct but Statement-II is incorrect
- D.Statement-I is incorrect but Statement-II is correct
Statement 1 is supported by the text, where Minister Jayant Chaudhary mentions that 'Learning and skilling are lifelong journeys'. Statement 2 explains why entrepreneurship is a lifelong journey, as it thrives on continuous learning and collaboration, which is also mentioned in the text.
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