One of the major initiatives in this direction has been the institution of Rural Self Employment Training Institutes (R-SETI) which trains the  BIS central bankers’ speeches  3  rural youth to take up micro entrepreneurial ventures. Close to three lakh youngsters are trained through around 600 RSETIs every year.
While conceptually, it is an excellent mechanism, I observe that certain infirmities have come to grip the institution of R-SETIs over time. In my opinion, such institutions require well-defined objectives, a robust process for selection of trainees, constant up-gradation of training methodologies, hand-holding, ensuring credit linkage etc.