YES Bank makes its first institutional tie up for lending to start-ups, had joined hands with Gandhinagar-based Entrepreneurship Development Institute of India (EDII), a national resource Institute for entrepreneurship education, research, training & incubation. YES Bank provided Rs 50 lakh to EDII incubated startup – Green Ideology, maker of India’s first organic antimicrobial lingerie brand ‘Inner Sense’.
“Start-ups are critical to the growth of the economy. As an extension of our YES Head-Startup program, we have collaborate with EDII to help start-ups scale up and grow rapidly, thereby creating a multiplier effect on the Indian economy” said Rana Kapoor, Managing Director and CEO, YES Bank.
Founded by Abhishek Lodha and Neerja Lakhani in 2013, Green Ideology has introduced India’s first organic antimicrobial lingerie brand ‘Inner Sense’, claims EDII statement. Green Ideology had initially received a grant of Rs. 5 lakh from the Government of Gujarat acting through its nodal institute EDII, to commence its operations and launch its product range.
With the Rs 50 lakh debt funding from YES Bank, the start-up will now scale-up its operations. YES Bankis providing the loan under the CGTMSE program (Credit Guaratee Fund Trust for Micro and Small Enterprises) to the startups.
“EDII has been mentoring and supporting start-ups. But, our ability to lend to these start-ups was miniscule as we are an educational institute. Now, in association with YES Bank, EDII is in a position to provide debt to many of the start-ups whom we support in various ways” said Sunil Shukla, Director, EDII.
EDII’s recently set up technology business incubator, CrAdLE (Centre for Advancing & Launching Enterprises), headed by Infosys cofounder S Gopalakrishnan as its first chairman, is also nurturing start-ups in the fields of manufacturing, food & agri business, renewable energy and healthcare.
It has always been a major issue of debate for aspiring entrepreneurs whether to pursue a general MBA degree or not. Is it really necessary to go to business school and learn different managerial aspects and various business administration skills in theory? It might be better to invest that time, energy and effort into setting up a business and seeing to its growth and development.
However, a management degree in Business Entrepreneurship can be just the right balance. It will enable aspiring entrepreneurs to get access to required start-up capital from venture capitalists, help build contacts with alumni network and give them a perfect balance between theoretical knowledge and practical experience.
PGDM-BE at EDII
The Post Graduate Diploma in Management- Business Entrepreneurship is a residential, full time management entrepreneurship course which lasts for a duration of two years. This course is one of the most prestigious entrepreneurship programmes available in India and has been producing entrepreneurship students of an excellent calibre for the last 18 years.
Why is this programme worth it?
The Post Graduate Diploma in Management- Business Entrepreneurship has received certifications from many prestigious institutes and councils. Some of them are:
• Approved by AICTE (All India Council for Technical Education)- (Certificate)
• Association of Indian Universities (Certificate)
• Accredited by National Board of Accreditation (NBA)- (Certificate)
• Awarded USASBE Outstanding Entrepreneurship Program Abroad Award 2014 (Category)
This PGDM-BE programme was specially designed to encourage the business ideas and ambitions of aspiring entrepreneurs and entrepreneurial managers, to develop their critical thinking ability, to stimulate their creativity and to give students the opportunity to have an absolutely invigorating and enthralling management entrepreneurship education.
The PGDM-BE course mainly tries to improve its student’s entrepreneurial skills and help them to start small businesses, expand and go into different business lines. It also helps those who wish to be managers for corporate ventures run by entrepreneurs.[Top]