B-schools enabling students from less privileged backgrounds to become entrepreneurs – Times of India

To facilitate students from less privileged sections to develop entrepreneurial skills, B-schools are providing opportunities through special programs and CSR activities.
In order to comply with the National Policy on Education (NEP) 2020 to promote skill development and entrepreneurship, B-schools in states like Karnataka are launching programs to support candidates who aspire to become entrepreneurs.
IIM Bangalore has signed a Memorandum of Understanding (MoU) with the Department of Social Welfare and the Department of Scheduled Tribes Welfare, Government of Karnataka to initiate a training program to help SC/ST women graduates to develop their skills as entrepreneurs has entered. Through the programme, IIM-B will provide entrepreneurship training to 300 women graduates and equip them with skills that can make them self-reliant.
The program will be delivered under the umbrella of IIMB’s executive education programs and will enable aspiring women entrepreneurs to take their ideas and turn it into a business venture. Eligibility requirements include that women must be below 45 years of age, hold a bachelor’s degree in any discipline and have verified status as a SC/ST Karnataka resident. English language will be the medium of instruction.
“The program aims to enable students to advance personal and professional development by teaching them management practices and empowering them to develop effective leadership skills. Support students also through formal mentoring on business ideas and peer networking This will also include existing women entrepreneurs who want to improve their enterprise prospects or start a new one,” said Ganesh Prabhu, Professor, Strategy and Programs, Director, SC/ST Women Graduates, IIM Entrepreneurship Program for Bangalore.
He further added that the program will include Instructor Led Sessions (ILTs) by IIM-B faculty in hybrid mode, in-person and live, online (virtual) learning, including career counselling. The program will encourage self-paced virtual learning by the participants through IIMBX MOOCs. “The participants will be mentored by professionals who will help them work on their business plans. They will present the business plan to the group and mentors in the concluding module. The students will be trained in all aspects of business management and entrepreneurship,” says Prabhu.
Preparing students for enterprise and credit
Jagdish Sheth School of Management (JAGSoM) has taken several initiatives for the students from marginalized sections. Rajendra K SinhaProfessor, Chairperson, Center of Excellence in Banking, JAGSoM says that JAGSoM and Vijaybhoomi University (VbU) cooperating with Small Industries Development Bank of India (SIDBI) for a program aimed at imparting entrepreneurial skills, especially to young people who, despite having apprenticeship or work skills in vocational activities, fail to set up entrepreneurship or enterprise for various reasons. “The focus of the course will be to enable students to build enterprise and credit,” says Sinha.
According to Raj Singh, Vice Chancellor, Jain (Deemed to be University) it is better to provide free courses to the students to enable them to earn while learning. “We offer scholarships to students who want to pursue entrepreneurship. We have also started a portal named Student Nirbhar, on which students can trade their startup’s products and can source products from other manufacturers and earn. The entire margin goes to the students, for us it is the Marketplace Experience Lab, which is a part of the teaching-learning process,” says Raj Singh, VC, Jain (Deemed to be University).
support aspirations
“Indian youth from low-income families generally face challenges such as lack of self-confidence, inadequate communication skills and lack of access to education that helps them bridge the gap between their abilities and the skills that are currently in demand. They also need training to develop their personalities and skills such as communication, critical and analytical thinking, problem-solving, professionalism and collaboration, all of which are essential in successful entrepreneurship. contribute,” says Thadomal Shahani, MD, Mumbai-based Akhil Shahani, MD, Center of Management, (TSCFM) and director, SAGE Foundation, explained that the best way to help students is by developing programs that go beyond just academics. Meet their needs and also provide soft skills training. Earlier this month, Sage Foundation And TSCFM Announced 75 scholarships for under-resourced youth in Mumbai and Pune for the Professional Diploma in Banking, Financial Services and Insurance program (pdbfsi,