Entrepreneurship Development

While working with collectives and individual producers, IGS observed that many producers were highly enterprising, had skills and knowledge in a particular trade, and demonstrated high levels of resourcefulness and risk taking abilities. However, many of them produced low volumes and did not have the wherewithal to expand their units. IGS identified individuals and trades and offered Entrepreneurship Development services to such individuals to help them to expand their businesses.

IGS sees Entrepreneurship Development as a systematic process of providing training, advisory, handholding and risk management services for enterprising individuals to set up, manage and own micro enterprises built on robust business plans.

Trades identified include retail, hawkers selling everyday items, eatery outlets and tailoring units. Supported by Vedanta, IGS has been promoting seventy five women entrepreneurs from Nandghars (Anganwadis) in Barmer, Rajasthan. Going forward, this pilot project is expected to be scaled up pan India.

Background

IGS identifies producers involved in certain specific trades, who may or may not be a part of a formal or informal collective, and offers techno managerial services to them for developing their business proposals, linking them to financial institutions; technical resource agencies and markets, and providing advisory support for setting up micro enterprises. Services offered by IGS include local area economy survey for identification of trades, study of value chain for identifying intervention points, identifying entrepreneurs, developing business plans, arranging input/output linkages, and handholding the entrepreneur.

Outreach

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