Bharatiya Yuva Shakti Trust Partners with Andhra Pradesh MSME Development Corporation to Launch Entrepreneurship Training & Mentoring Programme
Vijayawada, May 27th, 2026: Bharatiya Yuva Shakti Trust (BYST) has entered into a Letter of Intent (LoI) with the Andhra Pradesh MSME Development Corporation (APMSMEDC) to launch an Entrepreneurship Training & Mentoring Programme (ETMP) in Andhra Pradesh. The LoI was exchanged on the sidelines of the ‘One Family-One Entrepreneur MSME Growth Summit 2026’ held at Dr. B.R. Ambedkar Kala Vedika, Vijayawada. The initiative is aimed at empowering nano and micro enterprises through structured training, mentoring, digital learning and ecosystem-building interventions across the state.
Marking a significant step towards strengthening entrepreneurship-led economic growth in Andhra Pradesh, the LoI exchange took place in the presence of senior government officials, industry leaders and key stakeholders from the entrepreneurship ecosystem. The LoI was ceremonially presented by Shri Nara Chandrababu Naidu, Hon’ble Chief Minister of Andhra Pradesh, during the summit.
Through this collaboration, BYST will leverage its proven expertise in entrepreneurship development, mentoring support and enterprise handholding to strengthen the MSME landscape in the state. The programme aims to support up to 10,000 nano and micro entrepreneurs, while also building a network of 4,000 trained mentors who can provide long-term guidance and mentorship support. The initiative will further facilitate entrepreneurship orientation programmes, digital learning initiatives, business mentoring engagements and grassroots outreach activities across districts and clusters.
Speaking on the collaboration, Lakshmi Venkataraman Venkatesan, Founding and Managing Trustee, BYST said, “At BYST, we believe mentoring is the cornerstone of entrepreneurial success. Over the past three decades, we have seen how the right guidance at the right stage can transform a small idea into a thriving enterprise. This partnership with APMSMEDC reflects our shared vision to build a stronger and more inclusive entrepreneurial ecosystem in Andhra Pradesh. By combining structured training, mentoring, market access and institutional support, we aim to empower young entrepreneurs, especially women and underserved communities with the confidence, networks and opportunities they need to build sustainable businesses, create jobs and strengthen local economies.”
The partnership also seeks to strengthen market linkages, industry connect platforms and institutional partnerships to drive enterprise growth, while promoting digital enablement, financial literacy, and sustainability practices. APMSMEDC will complement BYST’s efforts by facilitating stakeholder convergence, inter-departmental coordination and mobilization support through relevant institutional mechanisms.
The collaboration builds on the Memorandum of Understanding signed between BYST and APMSMEDC in March 2026 to strengthen entrepreneurship development and foster a more inclusive environment for MSMEs in Andhra Pradesh through mentoring, training, access to finance and enterprise support under the State’s ‘One Family-One Entrepreneur’ vision.
About BYST
For the past three decades, Bharatiya Yuva Shakti Trust (BYST) has been creating economic opportunities for young men and women from underserved sections of Indian society. BYST assists youth in developing business ideas into viable enterprises under the guidance of mentors, fostering a transition from job seekers to job creators. To date, BYST-mentored rural entrepreneurs have generated over 5 lakh employment opportunities (direct & indirect) across the country.
