Business Facilitation Centre
Entrepreneur
Development is the key to successful enterprises which will contribute
towards economic development of the region. Due to socio- cultural,
political and historical factors, industrial development has taken a
back seat till recent times where the people of the region have started
to engage in business activities. However, entrepreneurship in the real
sense is still at its nascent stages in the NER. In today’s business
economy, First Generation Entrepreneurs are exposed to complex and
competitive business environment. Many enterprises came up but could not
survive because the entrepreneurs still lack knowledge in many areas of
running a business. A business can be sustainable only if the
entrepreneurs are equiped with the knowledge encompassing the entire
business environment/ universe.
To cater to this specific need NEDFi started the Business
Facilitation Centre (BFC) model where experienced mentors will provide
handholding support to potential entrepreneurs who attended the BFC.
This BFC provides guidance in Managerial, Technical, Financial,
Commercial & Marketing and even for preparation of Project Report
and credit linkages in places where professional Project Consultants are
not available. The Mentors at BFC are trained on the facilities offered
by NEDFi including its financial schemes of MSE which will also help
them in facilitating credit support to the deserving entrepreneurs. The
Mentors are also trained in policies and incentives given by different
Govt. agencies. The BFC is set up as a joint initiative with SIDBI.
NEDFi had set up its first Business Facilitation Centre on November
1, 2011 in the state of Mizoram. This was followed by opening of more
BFCs at Gangtok in Sikkim, Shillong in Meghalaya, Silchar in Assam,
Kohima in Nagaland, Imphal in Manipur, Itanagar in Arunachal Pradesh and
Agartala in Tripura.
Under this initiative, a booklet with other information is made available to entrepreneurs as under: