The Institutions Innovation Council (IIC) of SRMS College of Engineering & Technology (CET), Bareilly in collaboration with Union Bank of India (UBI) organized an engaging session on the topic “Angel Investment/VC Funding Opportunity for Early-Stage Entrepreneurs”. The Special Guests & Keynote Speakers were Arvind Gautam, Chief Manager (MLP-Head) UBI & Mohd. Zaki, Manager, Marketing, UBI.
The event began with welcoming of the guests with a plant sapling by Dr Prabhakar Gupta, Dean Academics SRMS CET & President IIC, in the presence of Dr Anuj Kumar, Director TDP Cell; Professor Dr DN Rao, Director IQAC; Convenor Dr Shailesh Saxena, Associate Professor & Head, IT Department and several other dignitaries.
During the session, Arvind Gautam shed light on India's youth and Government initiatives to promote start-up programs for MSME Schemes. The session was enlightened with various schemes such as Union MSME Suvidha Scheme, facilitating loans ranging from above Rs 10 lakh to a maximum of Rs 50 crore. Furthermore, he discussed the Union Liqui Property Scheme designed for enterprises engaged in manufacturing, services & trade that allows minimum quantum of Rs 10 lakh & maximum Rs 10 crore. Continuing his presentation, he explained the Union Progress Scheme which is tailored to meet diverse business needs including premises, machinery & working capital, offering funding of up to Rs 2 Cr. Later, speakers shared their insights on Union Mudra Scheme which is eligible for all micro enterprises including allied agricultural activities. They also discussed the Union Nari Shakti Scheme, exclusively for enterprises that are owned & managed by women entrepreneurs.
Overall, the event successfully achieved its objective of introducing different schemes regarding promotion of start-ups through providing capital funding & financial support to students, as well as faculty members of Engineering, Management & Pharmacy streams.
