It has invited more such proposals to encourage innovation in skills development and promote entrepreneurship in the country.
The Committee on Skills Innovation Initiative, set up earlier this month by the government, will continue to vet the proposals. The first meeting of the panel was held last week.
The Committee is headed by S Ramadorai, Chairman of National Skill Development Agency as well as the National Skill Development Corporation (NSDC).
"Innovation can become a huge mobilising factor in the skill development ecosystem of the country. This initiative will provide our youth with a platform to discuss new ideas that can be funded and implemented by the government.
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"We have received an overwhelming response in terms of the number of entries, which is a reflection of the passion among the youth today. I am sure we will see more fascinating ideas in the future as well," he added.
NSDA is an autonomous body under the Ministry of Skill Development and Entrepreneurship.
"The Skills Ministry is determined to encourage innovative ideas and modules in skill development landscape and at the same time assist the youth of the country in the skilling and entrepreneurial domain, to translate the vision of the Government into a concrete reality," said MSDE Secretary Sunil Arora.
It advised the proposal owners to avail of the funding support.
The Committee decided that the self-financing model presented by the Yashaswi Institute of Technology needs to be popularised. It agreed to facilitate the collaboration of YIT with state governments.