This article discusses a comprehensive outlook of correlation between Entrepreneurship & Skill development and Economic and Social Growth. Though India is a Young Country, only 2.3% of the total working population is formally Skilled whereas this percentage is quiet high when compared with developed countries. The government of India has aimed for imparting skill training to 50 Crore people by 2022 in various fields from rural and urban areas alike and help women, youth and deprived population in obtaining benefits from various schemes and institutions of the government so that they can live a dignified life. The article further discusses the challenges of skill development in India, its role in Women empowerment and the efforts of the government in combating the hurdles.

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Keywords: Entrepreneurship & Skill Development, Economic and Social Growth, Self-Employment.