NIESBUD is an apex organization working under the administrative control of the Ministry of Skill Development and Entrepreneurship, Government of India.

The major activities of the Institute include the Training of Trainers, Management Development Programmes, Entrepreneurship-cum-Skill Development Programmes, Entrepreneurship Development Programmes, and Cluster Intervention. The Core Objectives of the Institute are as follows:

• To standardize and systemize the processes of selection, training, support, and sustenance of potential and existing entrepreneurs.
• To support and motivate institutions/organizations in carrying out training and other entrepreneurship development-related activities.
• To serve as an apex national level resource institute for accelerating as well as enhancing the process of entrepreneurship development, to measure the impact of the same within different strata of the society.
• To provide vital information and support to trainers, promoters, and entrepreneurs by organizing research and documentation activities relevant to entrepreneurship and skill development.
• To create a holistic environment to train the trainers, promoters, and consultants in diverse areas of entrepreneurship and skill Development.
• To offer consultancy nationally/internationally for the promotion of entrepreneurship and small business development at national and international levels.
• To provide national/international forums for interaction and exchange of ideas for policy formulation and its refinement at various levels.
• To share experience and expertise in entrepreneurship development across national frontiers to create awareness of it at the national level.
• To interchange international experience and expertise in the field of entrepreneurship development for mapping its development at international levels.