The Small Industries Development Bank of of India (Sidbi) has launched a website—smallB.in—for young entrepreneurs in the country, which aims to be a single source of information for those aspiring to set up a venture. The mix of resources and information on the site can help provide simplify the process of establishing a business in India.
"Young entrepreneurs do not know where to start. To add to it, a large number of registrations are required to start a business," said Sushil Muhnot, chairman and managing director of Sidbi. The website helps in preparing a business plan and managing the business in the context of the environment and sector.
Sidbi will also set up consultancies for young entrepreneurs where they will be advised on how to go about raising capital, specifically from banks with retired bank officials to be appointed at these consultancy clusters. "There are government and financial schemes offered by banks for these entrepreneurs. We are trying to get all of this in one place," he said. The website, now functional, also explains prevailing laws and regulations, policies and technical standards applicable for various sectors.
"Young entrepreneurs do not know where to start. To add to it, a large number of registrations are required to start a business," said Sushil Muhnot, chairman and managing director of Sidbi. The website helps in preparing a business plan and managing the business in the context of the environment and sector.
Sidbi will also set up consultancies for young entrepreneurs where they will be advised on how to go about raising capital, specifically from banks with retired bank officials to be appointed at these consultancy clusters. "There are government and financial schemes offered by banks for these entrepreneurs. We are trying to get all of this in one place," he said. The website, now functional, also explains prevailing laws and regulations, policies and technical standards applicable for various sectors.
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