GNITS Conducts Sensitization Program on MSME IDEA Hackathon 5.0
The session aimed to create awareness among students about the MSME IDEA Hackathon 5.0, its benefits, and the application process.
The resource person for the session was Sri K. C. Choudhury, Indian Enterprise Development Service (Retd.), Ex-Assistant Director Grade-I, Ministry of Micro, Small & Medium Enterprises (MSME), Hyderabad. His insightful talk provided students with valuable knowledge on the importance of innovation and entrepreneurship and guided them on how to participate effectively in the Hackathon.
The program witnessed active participation from UG and PG students, who expressed keen interest in leveraging the MSME platform for their entrepreneurial ventures.
Dr. K. Ramalinga Reddy, Dean Academics, Dr. N. Kalyani (Dean, I&I) encouraged students to take part in such initiatives to foster innovation and contribute to the startup ecosystem.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
37 minutes ago
- Hans India
CM Yogi Adityanath Launches Youth Conclave and Expo-2025 in Lucknow
Lucknow: Chief Minister Yogi Adityanath inaugurated the CM Yuva Conclave and Expo-2025 at Indira Gandhi Pratishthan, Gomtinagar, on Wednesday, marking a significant step toward empowering youth through self-employment under the Mukhyamantri Yuva Udyami Vikas Abhiyan. The two-day event aims to integrate entrepreneurial opportunities with direct access to resources and financial support for young aspirants across the state. The Chief Minister inspected stalls showcasing franchise businesses, mobile enterprises, and advanced machinery. A key highlight of the event was the launch of the U.P. Mart Portal, a digital platform designed to connect aspiring entrepreneurs with suppliers, service providers, and institutional guidance. This integrated portal will serve as a one-stop solution for young entrepreneurs seeking streamlined access to tools and training. During his address to the audience, MSME Minister Rakesh Sachan announced that loans totalling Rs 2,751.82 crore have been distributed to 67,897 youths to date. This includes Rs 1,607.81 crore granted to 39,223 beneficiaries in the current fiscal year alone. The scheme targets 1.5 lakh youth, offering interest-free, collateral-free loans of up to Rs 5 lakh—supplemented by a 10% subsidy—for individuals aged 21–40 with at least a Class VIII qualification. Since its launch on January 24, 2025, the initiative has seen over 6 lakh registrations. The conclave drew participation from more than 150 franchise brands, 75 machinery providers, 50 mobile business models, 25 major banks, and 30 government departments, alongside academic institutions such as IIT Kanpur, HBTU, AKTU, Lucknow University, Ambedkar University, and Amity University. Several MoUs were signed during the event to deepen partnerships in entrepreneurship and skill development. Youth attendees benefited from direct interactions with businesses and received financial literacy and entrepreneurial guidance from banking and departmental experts. Ten beneficiaries were felicitated with loan cheques on stage, and twelve others received letters of consent to initiate ventures with leading brands. Notably, well-known franchise brands like Garage have announced a waiver of franchise fees for the youth of Uttar Pradesh, providing additional incentives for aspiring entrepreneurs. The event featured panel discussions led by senior officials, academics, bankers, and successful entrepreneurs, who shared insights on startup strategies, innovation, and financial planning. Success stories from scheme beneficiaries such as Prabhunur Kaur (Kanpur), Vijay Pandey (Lucknow), Shashank Chaurasia, Tuba Siddiqui, and Amar Deep Singh (Sitapur) served to inspire the attendees. Minister Sachan praised the launch of the CM Yuva Mobile App and the U.P. Mart Portal as milestones in strengthening the state's entrepreneurial framework. He emphasised the significance of district-wise participation, directing officials to ensure representation of at least 50 youth from each district. With more than 5,000 students, apprentices, and innovators in attendance, the conclave reaffirmed the state's commitment to fostering a self-reliant and economically empowered youth community.
Time of India
4 hours ago
- Time of India
CSA Univ, MSME dept to promote entrepreneurship
Kanpur: A Memorandum of Understanding (MoU) was signed on Wednesday between Chandra Shekhar Azad University of Agriculture and Technology, Kanpur and the Department of Micro, Small and Medium Enterprises (MSME), govt of Uttar Pradesh. The Vice Chancellor of the university, Dr Anand Kumar Singh, stated that this MoU will enable agriculture graduates from the university to establish their own enterprises. He further added that the collaboration will facilitate knowledge exchange on agriculture-based entrepreneurship and other subjects through webinars and workshops, focusing on global market expertise, technological and digital trade, green economy, and support for small businesses. Dr Singh also informed that under this scheme, youth aged between 21 and 40 years will be eligible to avail interest-free, collateral-free loans up to Rs 5 lakh, along with a 10% subsidy component.
Hans India
18 hours ago
- Hans India
Industrialists urged to mentor ‘Golden Families'
Vijayawada: District collector Dr G Lakshmisha on Tuesday called upon aspiring industrialists to act as mentors and support 'golden families' as part of the P4 initiative, aimed at poverty eradication and achieving the vision of Swarnandhra. Presiding over the District Industrial and Export Promotion Committee (DIEPC) meeting at the Collectorate's Pingali Venkaiah conference hall on Tuesday, Collector Lakshmisha discussed industrial incentives and approvals under various industrial policies. Industries Department officials informed the Collector that out of 1,148 applications for industrial approvals received through the single-desk portal between May 26 and July 28, a remarkable 1,113 have already been approved. The collector instructed officials to expedite the remaining applications and resolve them before their respective deadlines. The DIEPC also approved fresh proposals for incentives totalling Rs 3 crore for 39 claims under the Industrial Development Policies (2015-20, 2020-23, and 2023-27) for the MSME sector. The Collector emphasised the need to process claims promptly without any pending issues. Dr Lakshmisha directed officials to accelerate the Prime Minister's Employment Generation Programme (PMEGP) in the district to achieve its targets. He instructed the Lead Bank District Manager to take swift action in sanctioning loans to beneficiaries who have completed training under the Prime Minister's Vishwakarma Yojana. The collector also urged close monitoring to ensure that MSME units receiving loans through PMEGP are launched quickly and to give special attention to PM Vishwakarma applications. He announced that a district-level workshop would be organised to raise awareness about the Raising and Accelerating MSME Performance (RAMP) programme, designed to boost micro, small, and medium enterprises. District Industries Officer G Sambaiah, LDM K Priyanka, Pollution Control Board EE P Srinivas Rao, District Fire Officer AV Shankar Rao, District Groundwater Officer N Nagamalleswara Rao, and committee members D Nirmala, M Kishore, and Dr M Sudarshan also participated.
