As per the McKinsey Global Institute (MGI) 2024, MSMEs contribute to 62% of employment in India, playing a significant role in the country's GDP. Additionally, according to Forbes, micro, small, and medium enterprises (MSMEs) generate approximately 120 million jobs across industries in India. Recognizing this, Medhavi Skills University’s WISE initiative offers a transformative approach to workforce development through apprenticeships. This not only enhances the workforce's capabilities but also addresses the skill gap, aligning with the National Skill Development Mission (NSDM).

This blog provides insights into how apprenticeships can revolutionize MSME workforce development. If you seek accountability and practical solutions for MSME apprenticeship programs, read on.

Challenges Faced by the MSME Workforce

Despite their importance, MSMEs often face workforce-related challenges, including:

• On-Site-Job Gap: Many candidates lack the practical knowledge and hands-on skills required for specific roles.
• Skill Gap: A mismatch between employee skills and job requirements leads to additional training burdens on employers.
• Limited Access to Flexible Education: Employees often face obstacles in pursuing further education while working, limiting their career growth.

These issues contribute to workforce instability and hinder long-term retention.

The Apprenticeship-Based Model: A Solution for MSMEs

An apprenticeship-based learning model integrates practical on-site training with academic learning. It ensures that employees gain hands-on experience while developing theoretical knowledge, resulting in a more capable workforce.

MSU has curated multiple apprenticeship models to cater to various sectors:

• Learn and Earn Model: Combining practical learning with a competitive monthly stipend.
• Apprenticeship Schemes (NAPS & NATS): Structured on-the-job training supported by government initiatives, providing certifications and industry-relevant skills.
• Industry-Oriented Model: Partnerships with companies like Pantaloons, Reliance Trends, and Trends facilitate sector-specific programs like the BBA in Retail Operations. Through its partnership with Aequs Pvt. Ltd., MSU offers a B.Voc program tailored for the aerospace sector.
• Degree with Work Experience: Students can earn a degree while gaining hands-on experience, supported by stipends for financial stability.

How AEDP Benefits MSME Growth

• Cost-Effective Training: MSMEs can minimize training costs by upskilling existing employees.
• Talent Pipeline Management: With access to 200+ Medhavi Skill Academics, companies can build a continuous talent pipeline.
• Increased Productivity: Apprentices contribute to productivity from day one, applying their learning directly at the workplace.
• Talent Retention: Structured learning pathways encourage long-term retention.
• CSR Benefits: MSMEs can leverage apprenticeship programs as part of their CSR initiatives.
• Access to Quality Education: Employees can earn while they learn, promoting career growth and workforce development.

Why Choose Medhavi Skills University?

Medhavi Skills University stands out as a pioneer in work-integrated education. Here’s why:

• 70% of the curriculum is skill-based, ensuring hands-on learning.
• Programs are designed in collaboration with industry experts to meet market demands.
• MSU is the first university in India to integrate NEP 2020 principles into industry-led education.
• Certifications from NSDC, UGC, SSCs, and industry bodies provide credibility and value.
• A flexible credit system recognizes prior learning, offering seamless learning experiences.
• Strong industry partnerships with organizations across sectors. 

Apprenticeships are a transformative solution for MSME workforce development. Through its WISE initiative, Medhavi Skills University champions higher education that emphasizes skill development. By combining industry-aligned training with academic excellence, MSU offers an accessible, practical, and future-ready learning experience.

For MSMEs seeking to bridge the skill gap and for individuals aspiring to gain industry exposure while pursuing higher education, MSU’s WISE and AEDP programs present the ideal solution. Together, let’s contribute to the vision of the National Skill Development Mission by empowering the workforce of tomorrow.

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