Question

Self-employment and talent utilization (SETU) has established under which of the following?
1. Ministry of labour and employment
2. Ministry of commerce and industry
3. Ministry of micro, small and medium enterprises
4. Niti Aayog

Answer 1

Correct Answer - Option 4 : Niti Aayog

SETU Scheme stands for Self Employment and Talent Utilization Scheme. 

• SETU Scheme helps and supports new startups, small businesses, and self-employed financial and technically.
• This programme was launched under NITI Aayog in 2015.

• It will involve setting up incubation centres and enhance skill development.
• It aims to create around 100,000 jobs through start-ups

NITI Aayog:

• It serves as an advisory Think Tank.
• It draws membership from wider expertise.
• It serves in the spirit of Cooperative Federalism as states are equal partners.
• Secretaries to be known as CEO appointed by Prime- Minister.
• It focuses upon the ‘Bottom-Up’ approach of Planning.
• It does not possess a mandate to impose policies.
• It does not have powers to allocate funds, which are vested in Finance Minister.