XISS: A partner to be
Ranchi, Jan. 21: Graduates can now hope to hone their entrepreneurial skills, thanks to an initiative of the state industry department in association with management institutes like IIM-Ranchi and XISS.
Officials of the state industry department and authorities of IIM-Ranchi and XISS were busy finalising the nitty-gritty of proposed entrepreneurship development centres, or EDC, in Ranchi and Deoghar on Saturday when the entire state was witnessing the India-England ODI in Ranchi.
According to initial plans, EDCs are to be set up in approximately 1-2 acre premises. The state government will approach the Centre to share costs of infrastructural requirements during the first few years after which the institutes are expected to become self-sustaining.
“We aim to start a six-months’ entrepreneurship development programme (EDP) course for graduates. A few seats will be reserved for women as well as eligible candidates belonging to SC, St categories,” industry secretary A.P. Singh said.
During Saturday’s meeting, IIM-director M.J. Xavier is learnt to have suggested that two batches of 30 each be allowed in a year, while XISS authorities were of the view that a single batch of 80 students would be good enough.
While IIM-Ranchi would have the onus of running an entrepreneurship development programme in and around Ranchi, XISS was requested to assist the government to set up an EDC in Deoghar district. A final decision is yet to be taken.
An entrepreneurial centre is already being set up in Gamharia in Seraikela Kharsawan district near Jamshedpur by Xavier Institute of Tribal Education (XITE), sister institute of XLRI. Work began in 2010 and the centre is expected to be ready in a month or two, added Singh.
At the EDCs, prospective entrepreneurs would be taught about the rules and regulations of setting up various industries, clearances that are required, bank financing rules, preparation of detailed project reports, et al. They would also be taken to various small, medium and large industries to gain first-hand knowledge.
According to sources, BIT-Mesra was also approached with the proposal but the tech cradle opted out, understandably because of its internal problems — it does not have a regular vice chancellor and a section of its employees were on strike recently.
The fee proposed for the six-month course ranges between Rs 30,000 and Rs 50,000, but a final decision is yet to be taken. The state government may also reimburse 50 per cent fees of candidates belonging to SC, ST category students.