As part of the government’s efforts to promote the Micro, Small and Medium Enterprises (MSMEs) in Tamil Nadu, the State-run Entrepreneurship Development and Innovation Institute (EDII) will soon organise a free phased entrepreneurship camp for all young aspirants.
An official release from the State government on Thursday stated that Chief Minister Edappadi K Palaniswami has announced various schemes for the development of Micro, Small and Medium Enterprises (MSME) in Tamil Nadu.
Subsidy based loan assistance schemes and credit guarantee scheme are some the policy proposals taken up by the government in this direction.
“As part of this endeavour in promoting MSMEs in the State, the Entrepreneurship Development and Innovation Institute will be organising an Entrepreneurship Awareness Camp on November 14,” the release added. Accordingly, all those above 18 years of age, including fresh graduates, who want to take up entrepreneurship, can participate in the programme. At the end of the training session, expression of interest will be obtained from those who intend to take up entrepreneurship.
The participants will also be presented various business ideas, including in sectors like manufacturing, service, trading, greenhouse and also in producing home-based products.
In the subsequent phase, a seven-day business model and business plan preparation training programme will be offered to those who have selected a project and are ready for initiation.
Support in selection of projects and business opportunity guidance will be given to the participants and during the third phase, a comprehensive entrepreneurship development programme will be provided to the students for four weeks.
“These trainees after completion of the programme will step into fundraising through schemes or other avenues,” the release said, adding, “Those who opt for subsidy-based scheme support and get a sanction will get exemption from mandatory training requirement”.