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Nano-Unicorn Entrepreneurship Programme, Odisha by Odisha Skill Development Authority

Nano-Unicorn Entrepreneurship Programme, Odisha by Odisha Skill Development Authority

ITI

A scholarship worth INR (Training and Capital Funding)

What is Nano-Unicorn Entrepreneurship Programme, Odisha?

Nano-Unicorn Entrepreneurship Programme, Odisha organised by the Odisha Skill Development Authority invites applications from skill trained youth who are the domiciles of Odisha. The program aims to encourage entrepreneurship at the grass-roots level by providing mentoring, training and capital funding to skilled youth who could be prospective entrepreneurs. This programme provides training and funding up to INR 1 lakh to selected candidates.

 

Who is offering this scholarship?

This programme is being organised by the Odisha Skill Development Authority, Government of Odisha.

 

Who can apply for this scholarship?

 To be eligible for this programme, an applicant must be:

  •  A domicile of Odisha
  •  ITI trained or have completed a short-term skill training

 

What are the benefits?

The candidates selected for the Nano-Unicorn Programme will receive the following benefits

  • One-week residential training on entrepreneurship development
  • Funding of INR 1 lakh

 

How can you apply?

Follow the below steps to apply:

Step 1: Visit the online registration portal.

Step 2: Enter personal details including contact details.

Step 3: Provide a brief description of the proposed business in not more than 100 characters.

Step 4: Submit the application.

Note: It must be noted that only the residents of Odisha can register for Nano-Unicorn.

 

What are the selection criteria?

Candidates will be selected based on their business proposals. The business plans should aim to create employment for at least 2-3 others within 2 years.

 

Terms and Conditions 

The funding of INR 1 lakh, provided at the end of the training, will be without any collateral or guarantee.

  • No interest will be charged on the capital for the first year.
  • Subsequently, a 5% interest will be charged on the initial capital.
  • The amount of INR 1 lakh should be repayable by the third year.
  • The amount will be transferred directly to the account of the candidate.
  • There will be a quarterly review of each entrepreneur by the team of Odisha Skill Development Authority.

 

Contact details

Odisha Skill Development Authority

1st Floor, Rajiv Bhavan, Unit-5,

Bhubaneswar-751001, OdishaPhone: 0674-2394415

Email: osdabbsr.od@gov.in

Deadline

View Details

Award

Up to INR (Training and Capital Funding)


Eligibility

ITI


Region

India

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