CURRENT AFFAIRS

Detailed explanation-1: -SBI is managing 152 RSETIs in 26 States and 3 UTs out of 589 functional RSETIs in the country. RSETIs transform unemployed rural youth in the districts into confident self-employed entrepreneurs through need-based training program followed by systematic handholding support and bank linkage.

Detailed explanation-2: -Rural Development and Self Employment Training Institute (RUDSETI) was established in the year 1982 at Dharmasthala, Karnataka by Dr D Veerendra Heggade jointly with SyndicateBank and Canara Bank.

Detailed explanation-3: -RSETIs are Rural Self Employment Training Institutes, an initiative of Ministry of Rural Development (MoRD) to have dedicated infrastructure in each district of the country to impart training and skill upgradation of rural youth geared towards entrepreneurship development.

Detailed explanation-4: -RSETI concept is based on RUDSETI (Rural Development and Self Employment Training Institute), a society established jointly by three agencies i.e. Syndicate Bank, Canara Bank and Sri Manjunatheswara Trust based at Ujire in Karnataka. One RSETI is established in every district in the country.