Peoples start up project is an ambitious project of Peoples Foundation, designed with the aim of molding the best entrepreneurs, fostering entrepreneurship, innovation, and skill development to hasten economic growth and the creation of high-value jobs. The project started its active phase during 2019 and still continuing activities by approaching various levels of entrepreneurs. More than 1000 entrepreneurs directly benefitted from the project. The beneficiary community of the project ranging from rural nano house hold entrepreneurs to the medium entrepreneurs with larger business development and investment plan. The necessary technical training and consultancy services are being provided to the entrepreneurs by utilizing government and non-government system as part of the project. The initiatives have been structured and evaluated using the following goals.
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People's Entrepreneurship Support Scheme is a program designed to give, economically underprivileged people and groups with entrepreneurial potential, the appropriate training, direction, and financial support. The scheme aims to provide financial assistance to Micro, Small and Medium Enterprises engaged in manufacturing and service activities in the State, proportional to the capital investment made. From this undertaking 150+ people got help, 260+ individuals possess employment possibilities, and a total investment of 3.54 crore.
Entrepreneurship Development Programme (EDP) is a programme which helps in developing entrepreneurial abilities. People may have skills but it requires polishing and incubation. This programme is perfect for them. This programme consists of a structured training process to develop an individual as an entrepreneur. It helps the person to acquire skills and necessary capabilities to play the role of an entrepreneur effectively. EDP is not just a training programme but it is a complete process to make the possible transformation of an individual into an entrepreneur. This programme also guides the individuals on how to start the business and effective ways to sustain it successfully.
As skill upgradation trainings alone have limited impact on livelihood creation among the SHG members, it was thought prudent to create sustainable livelihoods among SHG members and to attain optimum benefit out of skill upgradation. Thus, a new scheme titled Livelihood and Enterprise Development Programme (LEDP) was conducted with the support from NABARD. It envisages conduct of livelihood promotion programmes in clusters. There is provision for intensive training for skill building, refresher training, backward-forward linkages and handholding as well as escort supports. It also encompasses the complete value chain and offers end-to-end solution to SHG members.
People’s Foundation with support from NABARD has been supporting need-based skill development programmes (MEDPs) for matured SHGs which already have access to finance from Banks. MEDPs are on-location skill development training programmes which attempt to bridge the skill deficits or facilitate optimisation of production activities already pursued by the SHG members. Grant is provided to eligible training institutions and SHPIs to provide skill development training in farm/off-farm/service sector activities leading to establishment of micro enterprises either on individual basis or on group basis.
“The People’s StartUp project caters to the needs of the expatriate community who are interested in setting up their own businesses in India. This community comprises two types of people – those who have already returned to their homeland and those who plan to settle in India in the near future. Both groups require special attention and mentoring to establish and grow their businesses successfully.”
Students would benefit from People’s Start Up by getting access to mentorship and guidance from experienced professionals in their field of interest. They can also receive funding and resources to start their own ventures, which can provide them with valuable real-world experience and skills. Additionally, the program can help students develop their entrepreneurial mindset, which can be useful in any career path they choose to pursue.
People’s StartUp project provides mentorship, guidance, and financial support to enthusiastic young entrepreneurs to establish their own business. The project encourages and empowers the youth to develop their entrepreneurial skills and generate employment opportunities for themselves and the community. With the help of People’s StartUp, young entrepreneurs can turn their innovative ideas into successful ventures.
Women who aspire to be entrepreneurs but face challenges in accessing resources, mentorship and networking opportunities can greatly benefit from the People's Start Up project which provides them with training, mentorship, and funding opportunities. The project also focuses on encouraging and promoting women-led startups in various sectors. Through this initiative, women can receive guidance and support to turn their business ideas into reality and become successful entrepreneurs. Other possible variations include highlighting the impact of the project in creating job opportunities for women and empowering them economically, socially, and culturally.
People's Entrepreneurship Support Scheme (PESS) is a transformative program that equips economically underprivileged individuals and groups with the necessary training, guidance, handholding assistance, and financial backing organized periodically. Our aim is to uplift Micro, Small, and Medium Enterprises engaged in manufacturing and service activities by providing proportional financial assistance, fostering growth and opportunity in our state."
