India may have already surpassed China as the world's most populous country. We are on track to become the world’s third largest economy by 2027, surpassing Japan and Germany, and have the third largest stock market by 2030, thanks to global trends and key investments we have made in technology and energy. India's per-capita income increased on average at a rate of 5.6% each year from 2014 to 2019. 

However, per capita income is only an indicator of an average. Given India has extreme inequality, it's not a good indicator of what's happening at the bottom 60-70% of the population. Rising concentration of incomes at the high end means incomes of those at the lower rung of the income ladder may not be changing much. 

India is at a point in its demographic transition where we need to maximize the chance of capturing the demographic dividend, which is expected to peak in 2041 as per the Economic Survey (2018-19). The “low road” for achieving high employment, characterized by a focus on expanding low-wage jobs, has not worked in all countries and often led to continued poverty traps. Micro-entrepreneurship provides tremendous potential for reaping this demographic dividend. The nation needs to create 12 million jobs per year to absorb the addition of young people into the workforce. There is broad agreement about the relative power and role of entrepreneurship in capturing a demographic dividend. 

LetsEndorse has developed the UDYAMITA model for democratizing social and economic equity through entrepreneurship. We believe that every person should receive an opportunity to redefine their lives and livelihoods irrespective of the conditions they were born or raised into. We also strongly believe in the power of entrepreneurship as an equalizer in leveling the socio-economic field. 

Our partners-in-change in this journey include

UDYAMITA Model aligns with the following UN SDGs

UDYAM Young Professionals Fellowship Program - Our Theory of Change

Meaningful change can be brought about by a collective force of leaders who share a vision of a poverty-free and potential-rich India. In line with this vision, we have handpicked the path of enabling sustainable livelihood for all as the means to achieve it. Over the next five years, we have the incredible opportunity to empower 1 million micro-entrepreneurs, generating at least 3 million direct employment opportunities, and creating a massive impact on the grassroots economy of the country. 

UDYAM Young Professionals Fellowship Program is a first-of-its-kind, experiential, 18-month long, paid Fellowship in transformative leadership for young graduates to groom themselves into competent leaders and doer, who will go on to create large-scale societal impact.

The Fellowship is highly selective and only 2-3 Fellows shall be appointed, who will immerse themselves in extensive field-work, following the “learning by doing” philosophy. 

UDYAM Young Professionals Fellowship Program is designed to support the next generation of change leaders in their journey towards becoming competent and multidimensional livelihood professionals. The program offers a range of opportunities and experiences that allow Fellows to enhance their execution capabilities while also broadening their intellectual breadth. They solve real-life problems faced by micro-entrepreneurs and proactively assist them across the entire value-chain of their enterprises, with a firm goal of catalysing maximum livelihoods. They engage with and are mentored by inspiring individuals from LetsEndorse and its partner network. 

Every Fellow is entrusted with leading the livelihoods mission, running interventions, and creating an impact. Over the course, the Fellows mould themselves into well-rounded leaders and livelihood professionals through their hard work, determination, and learning appetite. As they continue to inspire thousands of self-motivated youth across India to follow the entrepreneurial path, the Fellows will transform into hands-on social change leaders who will touch the lives of at least a million people.

This Fellowship is a unique opportunity for young professionals to unleash their full potential and develop the necessary skills to make a lasting impact on society. It is designed to offer a rich experience that combines theory and practice, enabling Fellows to acquire a holistic understanding of the livelihoods sector. The Fellowship experience is bound to be rewarding, challenging, and transformative, providing Fellows with the right skills and knowledge to build successful livelihoods and empower countless micro-entrepreneurs. 

After successful completion, the Fellows shall be well-equipped to join LetsEndorse pursue higher education or build a career in banking, finance, policy, consulting, or other allied fields.

We hold our Fellows to a high standard of self-learning, but that does not mean that they are left to their own. In fact, our Fellowship program is designed to provide our Fellows with a multitude of opportunities to learn and grow. Our Fellows are not limited to one medium of learning; rather, they are encouraged to take advantage of every input, connection, and opportunity to learn that is available to them. 

We understand the high degree of responsibility that each Fellow is vested with, and we trust them to rise to the challenge. Each day of the Fellowship should be an opportunity for our Fellows to create a tangible and measurable impact in the lives of the micro-entrepreneurs that they engage with.

FELLOWSHIP DETAILS

REMUNERATION

• The Fellows will receive a fixed monthly stipend of INR 20,000* per month. 
• In addition, there will be outcome based pay on a monthly basis (linked to number of entrepreneurs enabled). 
  
• INR 5,000* from the fixed monthly stipend shall be retained (interest-free), and shall be paid as a lump sum on the successful completion of the fellowship at the end of the 21 months tenure.

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