Entrepreneurial Opportunities For Diploma Holders

Self-Employment

The other excellent career option for Polytechnic Diploma holders is that of self-employment. All the Diploma courses offered by Polytechnic institutes are specially tailored to train the students in the practical or application-oriented aspects of the respective subject. This prepares the students to learn the basics of the subject and apply it to start their own entrepreneurship. For instance, a student holding a Diploma in Computer Engineering can easily start a business for computer repair; or someone holding a Diploma in Automobile Engineering can start their own garage or automobile repair store; A student holding a Civil Engg. can work as Surveyor, Draftsman, open CAD Centre etc. The following are few Central Govt. and State Govt. schemes for new entrepreneurs, their names, scheme briefings and URL is provided for use of students. The students also just google or use the links provided to know more about the scheme related documents and its benefits.

START-UP INDIA

The Startup India is a flagship initiative of the Government of India, intended to build a strong eco-system for nurturing innovation and Startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. The Government through this initiative aims to empower Startups to grow through innovation and design.
In order to meet the objectives of the initiative, Government of India announced the Action Plan that addresses the following three pillars:
• Simplification and Handholding
• Funding Support and Incentives
• Industry-Academia Partnership and Incubation

PRODUCT / OFFERINGS OF MUDRA SCHEME

Stand-Up Micro Units Development and Refinance Agency Ltd. [MUDRA] is an NBFC supporting development of micro enterprise sector in the country. MUDRA provides refinance support to Banks / MFIs for lending to micro units having loan requirement upto 10 lakh. MUDRA provides refinance to micro business under the Scheme of Pradhan Mantri MUDRA Yojana. The other products are for development support to the sector. The bouquet of offerings of MUDRA is depicted below. The offerings are being targeted across the spectrum of beneficiary segments.

STAND-UP INDIA

Stand-Up India Scheme for financing SC/ST and/or Women Entrepreneurs.
Objective

• The objective of the Stand-Up India scheme is to facilitate bank loans between 10 lakh and 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one-woman borrower per bank branch for setting up a greenfield enterprise. 
• This enterprise may be in manufacturing, services or the trading sector.
• In case of non-individual enterprises at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur. 

Eligibility

• SC/ST and/or woman entrepreneurs, above 18 years of age. 
• Loans under the scheme is available for only green field project. 
• Green field signifies, in this context, the first-time venture of the beneficiary in the manufacturing or services or trading sector. 
• In case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur. 
• Borrower should not be in default to any bank/financial institution.