BEGIN:VCALENDAR VERSION:2.0 PRODID:-//KnowAFest//Campus Events//EN BEGIN:VEVENT UID:eventsphere-47758@www.knowafest.com DTSTAMP:20261008T135359Z DTSTART:20170223T183000Z DTEND:20170225T182959Z SUMMARY:International Conference on Trinity of MUDRA\, Start-Up and Stand-U p India Schemes: Prospects and Challenges LOCATION:Poornima University\, Jaipur DESCRIPTION:

Economic policies in India have been changing for addressing policy issues especially for achieving higher growth. Economic stability and economic inclusion are two other major planks in the reform efforts se t in motion. In this context\, while employment creation is the biggest ch allenge it has been realized that investment increases productivity but ma y not create sizable direct employment opportunities. Technology also prov ides new opportunities not only for indirect employment but also by provid ing services more efficiently thereby reducing costs and improving competi tiveness. Furthermore\, this helps in creation of new businesses by innova tors and young generation entrepreneurs working independently and pursuing their own dreams and their own logic. ICT sectors are evidence of the div erse and multifaceted businesses that have transformed the economic scenar ios in many countries including that of India.
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\nChinese grow th rate in manufacturing sustained for three to four decades is not only a miracle but also evidence of how quickly processes of work can change and have to change for competing in global markets. India is placed in a uniq ue position in-so-far as along with manufacturing and commodity production \, we have the youngest and the largest human resource potential. To reali ze the potential\, what is required is innovation and entrepreneurial skil ls supported by an environment that encourages this. More than 90% of the Indian workforce is employed in the non corporatized informal sector. This sector of small businesses that does not employ large number of workers i n one place\, are in effect the backbone of the economy. Some new initiati ves have been taken by the government aiming to energize and modernize thi s huge sector of diverse activities. These initiatives have been given the catchy phrase of MUDRA\, Start-up India and Stand-up India.
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\nInstitutional finance has always been relevant to small businesses. The Indian government has launched the above schemes to encourage and help sma ll entrepreneurs/business meet their financial needs and giving a boost to the economy. They aim to provide an entrepreneurial platform to SC/ST and women entrepreneurs and start-ups with a view to ensuring access to finan cial services. The mission is to bring about comprehensive financial inclu sion of all the households in the country.
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\nMUDRA (Micro Uni ts Development and Refinance Agency) scheme comes as a vision to fund the unfunded and provide support to the small enterprises\, mostly in the unor ganized sector. This will go a long way in stimulating the growth of MSMEs . The Start-up India and Stand-up India schemes have been started to help people who wish to start/expand/modernize their own businesses. They focus to rejoice the nation’s entrepreneurial character\, and generate a stro ng bionetwork for fostering advancements and new business. However\, there is a need to address challenges in creating supportive policies and strat egies.

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