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SIDBI plans to set up Swavalamban Connect Kendras to promote the spirit of entrepreneurship

Posted On: 2019-10-31 21:42:24

Small Industries Development Bank of India (SIDBI) is set to come up with 100 Swavalamban Connect Kendras(SCK) in five states of the country to give a boost to the spirit of entrepreneurship. This initiative is under SIDBI's Mission Swavalamban which aims for more job creators in the society. The five states which will be covered under this initiative are, Uttar Pradesh, Bihar, Jharkhand, Odisha and Telangana.

The 100 SCK will help in setting up 7,000 enterprises from the scratch and will also provide support to existing livelihood/enterprises to grow. SIDBI has roped in LetsEndorse Development Pvt. Ltd. to facilitate this initiative. The major objective of the initiative is to strengthen the Mission Swavalamban by moving from the stage of awareness, to enterprise setting up and stepping up including conversion of calls into informed leads, mapping gaps for suitable engagement, hand holding for setting up enterprise, credit connect etc.

On this occasion Shri Mohammad Mustafa, IAS, Chairman and Managing Director of SIDBI said, "This initiative is a part of our SIDBI Vision 2.0 under which Mission Swavalamban is our umbrella initiative. This step is to move up from awareness and ensure in facilitating conversion of entrepreneurial dreams into reality. We aim to touch the lives of youth and unserved / underserved segments and evolve them to realize the New India in making."

SIDBI also launched a toll-free missed call service (1800-200-1265) where the aspiring entrepreneurs can give a missed call for assistance related to enterprise setup. The service will be operational from November 1, 2019. The leads/calls will be directed to nearest SCK for desired assistance based on Postal Index Number (PIN) of call originating location. To promote entrepreneurial culture among youth, thereby inspiring them to become job creators instead of job seekers, motivational and inspirational videos and jingles on entrepreneurship shall be played at SCK display panel andon digital platform/online portal of SCK and radio channels. The SCK shall also help them through camps,experience sharing mechanism, focused group discussions among stakeholders including bankers, hand holding support for setting up enterprise, credit linkage, localized project profiles etc.


Source: Equity Bulls

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