Guest talk on Government support to Startups

On 25th May 2022 a Guest talk on “Government support to startups” was organized by Entrepreneurship Development Cell & Institution’s Innovation Council in association with Civil Engineering department from 11:45 AM to 12:45 PM. The Guest speaker of the program was Dr. Lourdes Poobala Rayen, Director, EDC Director, IIC President and IIC Innovation Ambassador of Francis Xavier Engineering College. During his speech the resource explained about the need and importance of becoming an entrepreneur and the government support available for starting a business establishment. He highlighted the various schemes like PMEGP (Prime Minister's Employment Generation Program), UYEGP (Unemployed Youth Employment Generation Program), NEEDS (New Entrepreneur cum Enterprise Development Scheme), Mudra. He also explained the process needs to be followed for getting the assistance through all the above schemes. He explained the Nodal agencies like DIC, KVIC and MSME through which the beneficiaries can avail the assistance. He also explained the subsidies which can be availed under each of the government schemes. The resource person highlighted the additional subsidies and assistances available for starting the business establishments in the rural areas. He cited the various opportunities which are available for starting the business establishment. Participants gained knowledge about the Government support to startups and business establishments. 35 students and 2 faculty members actively participated in the session.