Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing and development of Micro, Small & Medium Enterprises (MSMEs), will start the Swavalamban Express on June 5, 2020 based on the feedback received from various stakeholders.
The train will travel to 11 enterprising cities starting from Lucknow and thereafter to Jammu, Delhi, Jaipur, Ahmedabad, Mumbai, Bengaluru, Hyderabad, Bhubaneswar, Kolkata and finally to Varanasiin a span of 15 days covering 7,000 kilometres.
Participating budding/aspiring entrepreneurs and start-ups will receive over 20 workshops and interactions which shall help to boost their growth in their entrepreneurial journey.
Chairman & Managing Director, SIDBI Mohammad Mustafa said, “The Swavalamban Express train is a part of our umbrella Mission Swavalambanwhich aims to induce entrepreneurship culture amongst youth. It’s an aspirational journey powered by inspirational India. Youths will board the train with an idea and after a series of experiential learning, will get down with ready business plan. Each enterprising city shall carry theme on enterprise setting up. It would be unique exposure for being a Swavalambi. A school beyond four walls.”
Swavalamban Express is aimed towards enhancing the knowledge of participants about financial and non-financial aspects of enterprise running. This will be through experts/mentors boarding in between, interaction with role models, brainstorming and group discussions. The number of participants is expected to be around 500.