Author: yazdi

Finance

Loans for members of minority communities

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The newly founded Kerala State Minorities Development Finance Corporation (KSMDFC), as part of its first phase of operations, is offering loans to qualified individuals who belong to Christian, Muslim, Sikh, Parsi, Buddhist, and Jain communities.

KSMDFC chairman Cherkalam Abdullah told reporters here on Thursday that the loans were being offered under various projects of the corporation such as self-employment entrepreneurship loan, expatriates loan, mirco-finance, and Mahila Samruddhi Yojana to individuals in the age group of 18 to 55.

The self-employment entrepreneurship loan is up to Rs.10 lakh at an interest rate of 2 to 6 per cent and beneficiaries get 60 to 72 months to repay it. The corporation offers loans for small-scale enterprises, technical enterprises, and for units dealing with handicrafts, agriculture, and transport.

Click Here for more details

People / Stories, Startups

How to be a successful freelancer

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Freelancing opportunities are growing rapidly across industries. Find out how to make the most of this trend.

You can grab freelancing assignments not only in your city or in India but literally in any corner of the world. According to one estimate, every third user of Freelancer.com is from India.

The US-based website helps freelancers get assignments and takes a cut when the deal is done . It’s a trend that is slowly catching on. A growing number of professionals is junking regular employment to try their hands at freelancing. They are driven by the dream to be independent and work on their o .. 

Freelancers don’t have the luxury of a big brand name to back them. It is their work that speaks for them. So, the first step is to build a portfolio of work samples and testimonials from satisfied clients. 

Click Here for the full story from Wealth.economictimes.com

 
Calendar, Motivations, News

Most Prestigious SME Awards

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Dear Entrepreneur,

YES BANK and Business Today have been recognizing the excellence of SMEs on a national platform since the last four years. This initiative has received an overwhelming response and exceptional participation of more than 4 lakh applications last year and 15 proud winners. We are proud to present the 5th edition of this prestigious awards for 2013.

The survey will be carried out for the following awards, both under the Small sized (enterprises with turnover upto Rs.50 crores) and Medium sized (enterprises with turnover from Rs. 50 crores to 200 crores) categories and selected SMEs with exceptional performance will be felicitated with awards across categories for the Best CEO, Best SME, Social responsibility, Innovation etc.

We are pleased to invite your nomination for the 5th BT YES BANK SME Survey and Awards 2014. 

Click here to apply online

The Application deadline is 10th Feb, 2014.

The award winners will be determined through a robust three-step selection process, on the basis of the application form and publicly available sources. The winners will be decided by an independent jury and will be felicitated at a Special Award Ceremony. 

We look forward to your valuable response. Thank you.

Sincerely,

ASHISH BAGGA
Chief Executive Officer
INDIA TODAY GROUP		 RANA KAPOOR
Founder, Managing Director & CEO
YES BANK
For further information please contact:
Mr. Devendra Maydeo Mr. Nitin Das Mr. Dharmarajan M
devendra.maydeo@yesbank.in nitin.das@yesbank.in dharmarajan.m@yesbank.in
+91 22 6669 9245 +91 11 6656 9034 +91 22 3347 9841
Finance

Loans upto Rs. 1 Crore to Women Entrepreneurs without collateral

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To promote women entrepreneurship, the country’s first Women’s Bank — the Bharatiya Mahila Bank(BMB) — has chosen to do away with collateral for loans availed by the fairer sex.

The BMB will provide collateral-free loans for amounts up to Rs 1 crore, which will instead be covered under the Credit Guarantee M_Id_457660_Womens_bankFund Trust for Micro and Small Enterprises (CGTMSE).

For loans availed for smaller amounts such as Rs 20,000, the bank will completely waive off the requirement for collateral.

“Women are moderate risk takers. So the question of collateral should not really arise,” said Usha Ananthasubramanian, CMD, BMB. The issue of collateral also tends to discourage women from availing loans, she pointed out, since much of the immovable property tends to be in the name of the husband or father. The bank, which was set up in November last year, has begun to receive queries for its various credit schemes (so as for short term loans from Lend Genius) such as kitchen loan, loans to set up beauty parlours, day-care centres and catering units apart from plain vanilla products such as car and education loans.

Click Here for details and the Bank’s website

Business Ideas, Networking, News

The Entrepreneurship Summit 2014

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The Entrepreneurship Summit 2014 – 1st -2nd February, 2014 | IIT Bombay www.ecell.in/esummit

The Entrepreneurship Cell, IIT Bombay presents the Entrepreneurship Summit 2014- a confluence of industry veterans,business leaders, entrepreneurs,visionary students and anyone who wishes to be the one of those  bent on creating a dent in the universe.

The Entrepreneurship Summit 2014 has got UN patronage which is UNESCO’s highest form of support granted to demonstrate the Organization’s moral endorsement of an exceptional activity.

Speakers

The E-Summit ‘14 is proud to play host to yet another panel of esteemed guests ,renowned businessmen from across the world. Some of them include (Full list here):

Bharat Desai, Founder and CEO, Syntel

Sachin Bansal CEO and founder, Flipkart

Bharat Banka CEO,Aditya Birla Private Equity

Rana Kapoor CEO and founder, Yes bank

Mr. Anand Kumar – Founder Super 30

Varun Agrawal – Co-founder, Alma Mater

Steli Efti – CEO Elasticsales, San Francisco

Avani Davda- CEO, Tata Starbucks Limited

Susan Sweeney, Social Media Marketing Expert

Asher Hasan,Asian Entrepreneur of the Year 2011

Yu kai Chou, Gamification Guru

Mukund Mohan-CEO,Microsoft StartupAccelerator

Alexander Blass, Entrepreneur-in-Residence at the Wharton School

Prakash Amte , Social Activist

Workshops and Panel Discussions

It is not just our speaker line-up that we pride ourselves in, but also the quality of workshops, panel  discussions  we offer.

              Workshops

      Panel-Discussions & Trends Today

Lean Methodology

E-Commerce: The Inside Story

Gamification

Big Data

VC Funding

Mobile Space

Social Enterprise Bootcamp

Job vs Entrepreneurship

Design Thinking

These products for Mobile Gaming

Entrepreneurial Finance

Cleantech

User Experience and Product Design

How to get your startup  idea funded

Debt Funding

Education Technology

Business Model Canvas

Healthcare

HR for Startups

Social Entrepreneurship

Social Media Marketing

Social Campaign by E-Cell

Networking Arenas

1. Investor’s Arena: A platform wherein you get to pitch your idea to major VC firms in the ecosytem (Nexus Partners, SAIF Partners, Indian Angel Network) by filling in this form and getting an appointment with them on the day of the E-Summit.

2. Business Mentoring Hub: A platform wherein you can get expert mentorship on various problems you are facing as a startup. Fill this form, and if you get selected, you get a meeting scheduled with them on the day of the E-Summit.

3. Co-founder’s Arena: This is a team building platform for two kinds of people,

a.) ones who are looking for a design/coding/sales etc. team mate for their startup

b.) ones who are coders/designers/salesmen etc. and are looking to join a good startup idea

If you are either of them, you can register for Co-founder’s Arena here.

4. Idea Validation Arena: A platform where you can get your idea validated by the best experts in the Indian startup ecosystem. You can register for Idea Validation Platform here and if selected you will get to validate your idea with a mentor on the day of E-Summit.

Crowd Funding

Crowd Pitch: A crowd funding pitch competition wherein you submit your idea here and 15 ideas out of them get to pitch in front of a crowd and compete for a cumulative prize worth Rs. 1.3 lakhs.

The Lean Startup Machine Bootcamp
The Lean Startup Machine Bootcamp is a 9 hour long workshop where the participants will learn how to apply Lean Startup Methodologies to build products customers will pay for. This is not a Hackathon nor is it a conference. This is an immersive, 9 hour experience at the end of which you will have a working MVP (Minimum Viable Product) on hand.

Speaker & Mentor: Adam Berk, Director of Entrepreneurial Science at LSM, Entrepreneur

To know more, visit:http://ecell.in/esummit/leanstartupmachine

How to attend?

Register yourselves at http://ecell.in/esummit/register/

Join us on facebook: facebook.com/ecell.in

Tweet using #eSummit14

PRICING

Student (contingent) – Rs. 200/-

Student (Individual) – Rs. 300/-

Professional – Rs. 1000/-

Note that by registering for E-Summit once, you will get unlimited access to any of the 14 competitions, 16 workshops and numerous speaker sessions.


For Queries
Mahak Maheshwari
Contact: +91-9833429735
Education

20 Business Lessons you don’t want to learn the hard way

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Here are 20 business lessons that might just save you a headache –
1. You can’t do everything on your own
2. You may think your product is perfect, your clients won’t
3. Do one thing really well
4. Get paid before you hand over a project to your client
5. Undercharging is not sustainable in the long run
6. Patience and sustainability help you tide over hard times
7. Build for your actual market

8. Never enter a partnership without a buy / sell agreement

And many more………….

Click Here for the full story at Forbes

Business Ideas, Mentoring, Motivations, Networking

What’s Hot: Media & Entertainment

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Key Topics

  • Speaker focus introductions in the media and entertainment space
  • Opportunities for startups in media and entertainment space
  • Who are the various buyers of the various media focused businesses that are coming up? What are they looking for?
  • How can the start-ups gear themselves for more fruitful sales meetings?
  • Who are the investors in the media and entertainment space?
  • What are the recent deals that have happened? What are the investors looking for?
  • How can start-ups beef –up their pitch better?

Click Here for more details about this TiE program to be held on Friday, January 10, 2014 – 5:00pm – 7:00pm

Business Plans, Calendar, Resources, Startups

‘Entrepreneur Expo ’13’

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We are pleased to announce that the Entrepreneurship Cell of KJ SIMSR is organising ‘Entrepreneur Expo ’13’.

It will be a platform where 15 start ups operating in Mumbai and Navi Mumbai area will be given an opportunity to present themselves to 400+ first year MBA students. Entrepreneur Expo ’13 provides a perfect opportunity to both the start up firms and students to interact. The objective of Entrepreneur Expo ’13 is to provide a chance to such wavering young minds to wet their feet at start-up firms through concurrent project and internship opportunities.

The Expo is a 1 day event scheduled on 15th January, 2013. The participating students are from varied industries including but not limiting to automobile, IT, electronics, banking, etc.

So, what’s in it for the start ups?

The start ups will get the opportunity to harness the knowledge and experience of varied pool of students. Since the students are majorly between the age group of 21 to 27, the ideas and the energy will be vibrant and fresh.

We would like to invite you to be a part of the Entrepreneur Expo ’13 and looking forward for the same…

Event Details:

Date:                      15th January, 2013

Venue:                    K.J. Somaiya Institute of Management Studies and Research, Mumbai

Time:                      5pm-8pm

Participation Fee: INR 1,000

Contact us at:

Facebook:              https://www.facebook.com/ECell.SIMSR

Email       :              entrepreneurexpo.simsr@gmail.com

Website   :              http://simsrecell.weebly.com/index.html

 

Our Team of Pathfinders Ecell:

Faculty In-charge: Radha Iyer   9820440178, radhaiyer@somaiya.edu

Co-convenor        :Gaurav Jakhotia 9920062244, gauravjakhotia@gmail.com

Members             : Parag Bhandari  7758833388, parag.b@somaiya.edu

Shikha Mehta  9820318537, shikhamehta53@gmail.com

 

Entrepreneur Expo’13_ Brochure

People / Stories

How the crisis made graduates become entrepreneurs

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Necessity is the mother of invention, so the proverb goes. Sam Atiko-MacQueen found that out when he was caught up in the biggest corporate collapse of the 2008 financial crisis.

When Atiko-MacQueen graduated from University College London in 2008, he had high hopes of a rewarding career in the city. Things didn’t quite go to plan.

“I started as a grad at Lehman Brothers, and within about four months me and about 120 other graduates found ourselves without a job,” he told CNBC.com.

“They were the biggest bankruptcy in the history of corporate America. It was very much an overnight ordeal for us, and we found out the next day that we didn’t have jobs. As students, we didn’t have any money either.”

Atiko-MacQueen found himself in a position that many young graduates will be familiar with. A good degree from a top university, plenty to offer, buckets of enthusiasm, but no job.

Click Here for the full article

Courtesy : Hilla Daruwalla