Leaving no one behind means equality of opportunity, access and accessibility. It involves developing convergence and ensuring commitment towards a common goal: a better future for all. And UDYAMITA is 100% aligned with that.
More than ever before, in post-COVID India, livelihoods of lacs of people shall remain in uncertainty. Besides job-cuts, there is also a slowdown with respect to creation of new jobs.
While whole-hearted actions are taking place to ensure provisions for the less privileged in such times, the thrust needs to be on boosting hyperlocal livelihood creation through a rapid movement of nano/micro-entrepreneurship and ensuring self-sufficiency. Boosting self-employment can unleash economic opportunities at the base of the pyramid.
UDYAMITA has become all the more critical and relevant in these times when there is a need for building the necessary mechanism for future-proofing and for averting backsliding of the low-income households (LIHs) of reverse migrants and jobless into destitution.
UDYAMITA CATERS TO
COVID-19 Affected Reverse Migrants
Underemployed / Subsistence earners
Individual Women / SHGs (SABALA vertical)
Farmer Producer Organizations (FPOs)
Persons with Disabilities (SAKSHAM vertical)
UDYAMITA- THE ENABLEMENT MODEL
AWAKENING THE ENTREPRENEURIAL SPIRIT
It begins with the development of the right mindset, learning about the commitment, drive, optimism and attitude needed to build an enterprise. Essentially, it is the next step after wanting to start one's business.
BUILDING ENTREPRENEURIAL COMPETENCIES
Through our vernacular home-grown series of modules, concepts and topics (called Entrepreneurship Development Program or EDP), we cover a host of lessons which build key entrepreneurial competencies through the process of enquiry. These state-of-the-art and interactive learning modules are delivered digitally either directly or in a facilitator-led model.
CORE SKILL TRAINING FOR ENTERPRISE
Wherever required, skill training linkages for learning and certifications are done with regional/national training bodies/centres, ranging from NSDC powered PMKKs and PMKVYs, to RUDSETIs/RESTIs, JSS, training programs run by NGOs/social enterprises.
BUSINESS IDEA AND LOCATION RECOMMENDATION
Based on extensive and iterative multivariate algorithms, fitting business ideas are recommended for varied personas of aspirants in a data-driven format. Through our layered map-based market analyzer module, localities and locations with higher probability of success for a given business type is also recommended.
AUTOMATED GENERATION OF BUSINESS PLANS/PROJECT REPORTS
On our proprietary platform, instant business plans are generated for over 140+ business ideas by just keying in the idea-specific assumptions and metrics. The business planner module generates extensive project reports with P&L statements, DSCR and Break-even points, Loan repayment Schedules, Balance sheets and more.
CREDIT LINKAGE SUPPORT UNDER FITTING SCHEMES
We ensure that the aspirants are informed about and leverage the MSME Credit Schemes designed for them by the Central/State Government bodies and Financial Institutions. Through our enterprise credit scheme recommender module, loans are applied for under the fitting schemes and wherever relevant and possible, incentives and subsidies related support is also provided.
SETTING-UP AND INAUGURATION OF THE ENTERPRISE
Right from identifying the right location to assisting in designing an attractive enterprise banner (and other collaterals), from getting current bank accounts opened to providing the infrastructure for financial, inventory and overall organization management, support is provided at each step of setting-up the enterprise.
MSME/UDYAM REGISTRATION OF THE ENTERPRISE
We also ensure that the aspirants are informed about and leverage the MSME Credit Schemes designed for them by the Central/State Government bodies and Financial Institutions. Getting the existence of the enterprise validated by the Ministry of MSME (Government of India) through Udyam Registration. This allows the enterprise to avail numerous benefits derived from the various relief schemes offered by the Ministry of MSME for the protection and growth of small businesses in India.
We strive to ensure that each empowered entrepreneur follows the law of the land and their enterprise meets the necessary compliance and licenses associated with running their specific business types.
DIGITAL FOOTPRINTING OF THE ENTERPRISE
By setting up digital payments, Google My Business registration (for better visibility and thus footfall), website/digital catalog creation, online marketplace registrations and several other mechanisms, digital footprints of the enterprises are created.
MARKET LINKAGES (BACKWARD AND FORWARD)
Building suitable and trustworthy supplier (machinery/material) networks and supplier agreements and connecting entrepreneurs to the right market channels (online marketplaces, Aggregators, Contractors, bulk buyers, exporters, and more)
POST-ENTERPRISE SET-UP MENTORSHIP AND HOLDHOLDING
For the sustainable growth of the enterprise over the first 12 months of their inception, continuous mentorship and handholding is provided to every entrepreneur. This is delivered through our virtual and vernacular EDP content on our learning platform (directly or through facilitators), in-person touchpoints and interactions with and guidance from established entrepreneurs and subject-matter experts (This network and community is called SEASN- Small Enterprise Association and Support Network.)
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