EDP in September 2017

Valediction of EDP and WEDP

The SEE of ni-msme had organised the valedictory function of the four-week Entrepreneurship Development Programme (EDP) and Women Entrepreneur ship Development Programme (WEDP) at the campus on 22nd September 2017. There were 27 participants in the EDP and 28 participants in the WEDP, all of them potential entrepreneurs from science and technology streams.

Mr. M. Chandrasekhar Reddy , Director General, ni-msme distributed the programme completion certificates at the end of the valedictory event. Dr. NuneSrinivasaRao, Programme Director, and Dr. Shreekant Sharma, AFM, ni-msme had participated in the event. These programmes were sponsored by the DST.

EDP in Tirupati

A formal valedictory function was organised on the 22nd September, for the batches conducted during 23rd August to 22nd September. M. Krishna Kumari, Principal attended the function.

Mr. M. Chandrasekhar Reddy, Director General of ni-msme visited the PadmavathiMahila University, Tirupati while the programme was underway, and addressed the EDP and WEDP participants along with other science graduates. He emphasised the need for entrepreneurs. As India is emerging as the youngest country in the world, we should transform job seekers into job providers, and he also said that this programme will help the participants to think of entrepreneurship as career option.

The participants expressed their views, stated that they had attended a good programme, and now they are confident that they will be able to start an enterprise. They thanked the Director General, ni-msme; and the DST for conducting the programme in Tirupati.

For Further Details e-mail: sharma[at]nimsme[dot]org or Phone: 040-23633225

EDP in August 2017

Initiatives in Entrepreneurship Development

The SEE of ni-msme has started several batches of Women Entrepreneurship Development Programme (WEDP) and Entrepreneurship Development Programme (EDP) during August 2017 at different locations. Dr. N. Srinivasa Rao, Faculty Member, SEE is the director of all the programmes sponsored by the Department of Science and Technology, Government of India.

At Hyderabad

At the Institute campus in Hyderabad, the programmes commenced on 28th August 2017. They are of four weeks duration and will continue up to 23rd September. About 54 participants with science and technology background are getting trained in the programmes.

At Vijayawada

The SEE of ni-msme successfully completed one batch each of 4-week (from 24 July to 18 August 2017) Entrepreneurship Development Programme (EDP) and Women Entrepreneurship Development Programme (WEDP) at Andhra Loyola Institute of Engineering and Technology (ALIET), Vijayawada. About 60 prospective entrepreneurs with science and technology background participated in the programme. A formal valedictory was conducted on 18th August and programme completion certificates were distributed by the officials of DIC, SIDBI and ALIET.

At Visakhapatnam

Four-week (from 21st August 16th September 2017) EDP and WEDP batches were started at the Integral Institute of Advanced Management (IIAM), Visakhapatnam. There are 60 science and technology graduates with entrepreneurial inclinations are participating in the programme. The programme was inaugurated on 21st August, with the officials of IIAM, SIDBI and the prorgramme director present.

EDP at Tirupati

The intervention at Tirupati was commenced on 28th August and will continue up to 23rd September 2017. The Correspondent and Principal of Gayatri Degree College present during the inaugural session. While addressing the participants, the Correspondent emphasised the need for new entrepreneurs to reduce joblessness among the graduates coming out year after year, because enterprise creation by some will open job opportunities to many others. The Principal advised the participants to get maximum benefit from the wonderful programme. The Principal thanked ni-msme and the Director General for organising the programme in Tirupathi. The programme is underway as of now.

EDP at Hyderabad

The EDP at Hyderabad was organised during 24th July - 19th August 2017. The participants were science and technology graduates. The valedictory of the programme was attended by the faculty members of ni-msme. The participants appreciated the knowledge imparted to them regarding various government schemes like the MUDRA, PMEGP and CGTMSE, on how to register their businesses in Udyog Aadhaar, and how to prepare the detailed project report. The visit to NIRD was an eye-opener into practical aspects of business enterprise. The participants thanked the ni-msme and the Director General for conducting a useful programme.

Women Entrepreneurship Development Training

ni-msme had conducted a Women Entrepreneurship Development Programme at the campus, sponsored by the State Bank of India, SME BU, LHO, Hyderabad. The special programme, directed by Mr. Ankit Bhatnagar, focused on preparing a bankable project and providing insights into the process of procuring SME loan. The programme was designed to enable judging the seriousness of the candidate by the panel of experts.

Applications were invited from 100 participants and personal interviews and counselling were conducted on 26th July 2017, basically with the objective of familiarising the delegates with different loan schemes available for MSME promotion. Mr. Saravanan, AGM, SBI SME BU addressed one of the theme sessions. Speakers who addressed the theme sessions highlighted the need for enterprise promotion and explained the different schemes available with SBI and how they benefit the entrepreneurs.

The experts panel included Mr. Saravanan; Mr. K.S.P. Goud, Faculty Member, ni-msme; and others. In all, 25 woman candidates were selected for the programme. The WEDP was conducted with the selected candidates from 31st July to 9th August 2017.

Mr. Dipankar Chaterjee, DGM, SBI and Mr. L. Ganesh, DGM, SBI, the honoured guests, inaugurated the programme on 31st July. Addressing the participants, they expatiated on the schemes the SBI is operating to assist the micro and small entrepreneurs, operating as well as the aspiring ones.

Mr. M. Chandrasekhar Reddy, Director General of ni-msme emphasised the need for such initiatives to provide loan assistance under various SME loan schemes like Stand-Up India and Mudra Loan. DG also thanked the SBI officials for their support.

The trainees completed project preparation during the programme. The programme was also supported by SBI SME Loans, Patny Branch. Over the next three months, the Institute will provide handholding service to the trainees. The programme was concluded on 9th August by Mr. Sarvanan and Mr. Mani Kumar of SBI. In- principle sanction letters will be issued to the trainees by the bank in due course of time.

For Further Details e-mail: sharma[at]nimsme[dot]org or Phone: 040-23633225


Entrepreneurship Development Programmes at Vijaywada

ni-msme had organised three Entrepreneurship Development Programmes (EDPs) at Andhra Loyala Institute of Engineering and Technology, Vijayawada, sponsored by the DST: one general EDP, one women's EDP (WEDP), and one EDP for science and technology graduates (TEDP). A total of 90 candidates participated in these programmes, 30 in each of the programme. All the programmes were of 4 weeks duration except the TEDP in food processing, in which 2 weeks of additional industry experience will be provided to the participants to make them conversant with food processing industry. The objective of the programmes was to promote entrepreneurship among science and technology graduates.

During the inauguration Dr. N. Srinivasa Rao, Programme Coordinator outlined the input coverage and explained themethods of training like Micro Lab, Thematic Appreciation Test, Ring Toss, Achievement Planning and Tower Building, ZED scheme of DC-MSME and Motivation.

Speaking on the occasion Dr. Shreekant Sharma, Programme Director for TEDP said that such programmes are best suited to fostering self-employment skills as they are more practical in nature. Food processing enterprises link agricultural production to the market by bringing together farmers, processors and retailers so as to ensure maximised value addition, minimised wastage, increase in farmers’ income and creation of employment opportunities particularly in rural sector. Interaction with successful entrepreneurs, bankers, CAs, Government officials, along with project work are intended to give the prospective entrepreneurs enough confidence to start their business in the days to come.

Rev. Fr. Dr. A. Francis Xavier, S.J., Secretary & Director, ALIET, who attended the inauguration, emphasised the need for entrepreneurship. Dr. O. Mahesh, Principal, ALIET; Rev. Fr. M.L. Thomas, S.J., Assistant Director, ALIET; Dr. Venkateswara Rao Podile, Professor, Department of Business Administration, ALIET; and Mr. N. Janardhana Rao, HoD, Department of Business Administration, ALIET also participated in the inauguration. The event was widely covered by the local media.

For Further Details e-mail: sharma[at]nimsme[dot]org or Phone: 040-23633225