The awards will be presented in 11 categories. Union Minister for Skill Development and Entrepreneurship Rajiv Pratap Rudy will preside over the function.
"Involvement of youth is at the heart of this Award Scheme, to ensure the involvement of youth, the Ministry has partnered with premier institutes of higher learning across the country, including IIT Delhi, IIM Ahmedabad, IIT Mumbai, TISS Mumbai, IIT Chennai, XLRI Jamshedpur and IIT Kanpur, to implement the scheme," the Ministry of Skill Development and Entrepreneurship said.
The applicants have undergone two levels of rigorous assessment, followed by selection of winners by a National Level Jury. Top three entries under each category were recommended to the National Jury for the final selection of the winners.
The National Jury comprised eminent persons drawn from academia/research, industry, social sector, banking etc.
"Pioneering this national initiative will provide models of excellence in the entrepreneurship ecosystem that would inspire the youth, especially first generation entrepreneurs, to improve and excel in their entrepreneurial pursuits.
"At the same time, this would give a tremendous encouragement and inspiration to the ecosystem builders in excelling in their commitment towards spearheading a cultural shift in youth entrepreneurship through education and capacity building," Ministry of Skill Development and Entrepreneurship said.
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