Small Business Support initiative in Kashmir

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Small Business Support initiative in Kashmir

The Incubation Center at Center for Social Entrepreneurship, School of Management and Labour Studies recently concluded Small Business Support initiative to support young entrepreneurs in Srinagar, UT of J&K. Incubation Center associated with Chinar International of Srinagar in the capacity of Knowledge Partner and played instrumental role in laying down the processes and systems, screening of applications and selection of the entrepreneurs.

The Programme was conceptualized with the idea of supporting young entrepreneurs from Kashmir Region in setting up small businesses to support their livelihood. The Programme received encouraging participation where more than 152 applications were received. The applications were thoroughly reviewed by the team of the Incubation Center, and the initial shortlist was shared with Chinar International for further screening through extensive field visits. A total of 21 candidates were selected for the final round of presentations from which 10 most deserving entrepreneurs were selected. Prof. Satyajit Majumdar, Dean and Professor, School of Management and Labour Studies and Mr Sujay Dixit, Vice President (Incubation and Excellence) were on the panel which selected the final 10 entrepreneurs.

The selected candidates will be offered a seed capital of Rs 1.5 Lakhs by Chinar International and mentoring support from the Incubation Center. Later Prof Satyajit Majumdar conducted a Workshop to orient the young entrepreneurs on finer nuances of entrepreneurship and will continue to mentor the selected entrepreneurs through regular field visits and online mentoring sessions in association with the incubation team. Mentors of Chinar International and some of their earlier incubates also shared their thoughts with the selected entrepreneurs at the time of final selection round.

It is worthwhile to note that the Programme saw a healthy spread of applicants with entrepreneurs from interiors of Kashmir such as Kupwara, Budgam, Ganderbal, etc applying for the programme. The programme will play a key role in supporting the young entrepreneurs and their families earn a sustainable livelihood while also providing an impetus to the local economy.