Wednesday, 19 July 2017

Business Idea Challenge 2017

An event “Pioneering Business Idea Challenge” was co-hosted by the Ministry of Development of North Eastern Region and North Eastern Development Finance Corporation Ltd (NEDFi) at Tezpur University, as part of the University's Sampark-2017, which is an industry-academia interaction aimed at providing a platform for the students/ budding entrepreneurs of the North Eastern Region. 

During the event, Business Plan Contests were conducted. Out of 60 plans received, 15 plans were shortlisted and based on the presentations made, 3 business plans were awarded. 

The event was organized on the March 03, 2017. A total of four technical sessions were organized in this event, namely "Entrepreneurship and Act East Policy"; Sharing the Journey of Livelihood Creators; Start-ups and their challenges behind and Financing and Credit: The Roots Behind. 

NEDFi has taken the following initiatives for entrepreneurship development:- 

• Setting up Business Facilitation Centres (BFC) in all North Eastern states to guide new and First Generation Entrepreneurs (FGEs) in all areas related to project financing, including preparation of Detailed Project Report. 

• Provide mentoring assistance & credit linkages to entrepreneurs. 

• Conducting Seminars/Workshops/Entrepreneur Development Program (EDPs)/Business Meets/Awareness programmes for potential first generation entrepreneurs. 

• The Corporation has prepared 100 project profiles related to MSME segments which has been widely distributed and also uploaded in the website. 

• Design & Skill Upgradation Programme for improving the existing skill of the artisans and craftsmen by providing the design inputs so that value added products based on the natural resources of the region can be developed. 

This was stated by the Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh in written reply to a question by Shri B. Sriramulu in the Lok Sabha today. 


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