Press Releases
2nd Batch of ISB’s Entrepreneurship Programme for Tribals Launched
It is an Initiative under 'CM ST Entrepreneurship & Innovation Scheme (CMSTEI)'
November 07, 2019, Hyderabad: The Tribal Cooperative Finance Corporation Ltd (TRICOR), under the Tribal Welfare Department, Government of Telangana, in collaboration with the Indian School of Business (ISB) kickstarted the “ISB-GoT Entrepreneurship Programme” for the tribal entrepreneurs. This programme was an initiative under the new scheme, "CM ST Entrepreneurship & Innovation Scheme" to support and promote entrepreneurs among Scheduled Tribes. The programme focussed on enabling ST Entrepreneurs with the required capacities to better equip them in expanding their businesses through well-designed Business Plans that will find commensurate backing from Banks and Financial Institutions.
As knowledge and academic partner to the programme, ISB was responsible for student selection, academics, market and financial linkages. The programme was spread across two cohorts of fifty (50) students each. The cohorts underwent fifteen days of residential classroom training interspersed with 45 days of offline and online handholding and mentoring. ISB facilitated over 380 in-campus interviews for the students with over 65 franchisors to provide franchising as an alternate route to entrepreneurship. The last batch witnessed 45 units installed and around 11 with documentation in progress.
The official launch of second batch kickstarts the programme at ISB Hyderabad campus, with the first cohort of 50 students. Based on the learning gathered from last year, the course is tailor made to make it more experiential for the students with less theory and increased focus on hands-on learning. Increasing interface with banks, market and industry experts are also scheduled for a holistic development of the students. The programme will cater to 100 students from tribal sub-communities and have representation from sub-tribes such as Thoti, Pardhan, Chenchu, Andh, Yerukula, Gond/Nayapod, Koya and Lambadis.
The launch was graced with key stakeholders including: Shri KT Rama Rao, Hon’ble Minister for Industries, IT&C, and MA&UD, Government of Telangana: Smt. Satyavathi Rathod, Hon’ble Minister for Women and Child Welfare and Tribal Welfare, Government of Telangana; Shri Benhur Mahesh Dutt Ekka, IAS, Principal Secretary, Tribal Welfare Department (TWD); Dr. Christina Z Chongthu, IAS, Commissioner, TWD, Government of Telangana; Sri Debashish Mishra, DGM, SBI, Professor Rajendra Srivastava, Dean of ISB and Professor Bhagwan Chowdhry (Area Finance Leader and Academic Director for TRICOR from ISB).
During the Launch programme, Sanction letters for 16 beneficiaries were given away by Hon’ble State Ministers – Shri KT Rama Rao and Smt. Satyavathi Rathod. The launch function also saw spirited testimonials given by six of the Alumni of CMSTEI 2018 batch.
During the programme, the Chief Guest Shri KT Rama Rao spoke about the various support systems that the Government is offering to support entrepreneurship in the State, including reservations in special zones, industrial health clinics, along with subsidies. Addressing the 2019 batch he said: “Make best use of the opportunity and live up to your passions”.
Smt Satyavathi Rathod spoke about various government initiatives, which would immensely benefit the tribal people. She expressed her contentment to see that there is lot of demand for such initiatives and many tribal youth are coming forward and making their mark in the business world.
Dean of ISB Professor Rajendra Srivastava said: “the competition to get selected into this programme is rigorous and hence the selected candidates must make best use of this process. I am sure they will come with flying colours”.
About the Indian School of Business
Indian School of Business (ISB) is a global Business school offering world-class management education across its two campuses – Hyderabad and Mohali. The School has grown at a rapid pace over the eighteen years since its inception and already has several notable accomplishments to its credit – it is the youngest school ever to consistently rank among the top Global MBA programmes, one among the select 100 global B-schools to have AACSB and EQUIS accreditation, one of the largest providers of Executive Education in Asia, and the most research productive Indian management institution. A vibrant pool of research-oriented resident faculty, strong academic associations with leading global B-schools and the backing of an influential Board, have helped ISB fast emerge as a premier global Business school in the emerging markets. Visit: www.isb.edu
