SOCIAL ENTERPRISE AND ENTREPRENEURSHIP: LESSON LEARNT FROM PANDEMIC CRISIS

ABSTRACT

Under current economical water transport, Indian government liberalized flexible policies for boosting exports, encountering dragonmodel, encouragement to individual women entrepreneurs belongs to unorganized sector through ease of doing business with close coordination of respective State Government as a ray of hope of generating more employment after Post Covid-19 pandemic counter measures in central India region 1.1NEED FOR IMPLEMENTING EASE OF DOING BUSINESS In order to revive Indian Economy & boost Indian Exports, Post Covid-19, by exploring & honing the skills of unorganized sectors from vocal to global emergence through e-Markets. Recently Chief Minister Shivraj Singh Chauhan called in Rewa , Madhya Pradesh, the second largest state in India ,does not having lacking of skills or talent under self-reliant M.P., by forwarding rural authentic crafts , toys after conducting field survey of traditional toy manufacturing units .Realizing the potential for new segment for traditional zardozi work in Bhopal, skilled unorganized women youth sparsely distributed n the state along with consultancy support from IIM Indore & MPAVNfor a period of 3 years along with other high potential engineering clusters, Health care .Heavy Engineering , food processing, water treatment plants etc. leads to innovative start up for unemployed youth from 224 Engineering Colleges, 114 Polytechnic, 415 ITI'S , 135 Skill Development centers (SDC) along with Vocational Development centers make perfect place for startup hubs like Detroit in USA. [...]in order to encounter Chinese toy competition Indian government succeeded in creating congenial atmosphere for preserving art, culture of skilled Wo(man) unorganized crafts Wo(man) ecosystem EXIM Policy 2020-2025 to nurture & promote start up culture within the Madhya Pradesh state. 1.2OBJECTIVE OF COMPLIANCE OF EASE OF DOING BUSINESS * To strengthen the unorganized women startup culture by providing E-markets with close coordination from FIEO, World Bank, IMF Etc. * To nurture unemployed technical high educate youths by motivating them through innovates ideas and * EOI under public private partnership mode. 1.4STARTUP-HAND HOLDING WITH RESPECTIVE DEMOGRAPHIC STATE GOVERNMENT (a) The eligible start up should not have received more than 10 Lakhs of monetary support under central or start Government Scheme. (b) The eligible share holding Indian promoters in the startup should be minimum 51% at the time of application submission for the incubator under the scheme. (c) The incubator must also have a full time Chief Executive Officer (CEO) 1.5 NODAL AGENCIES For all registered MSME'Sfalls under the respective state, concerned District Industries Centre (DIC) act as nodal agency to promote organizational ecosystem along with registered unorganized women crafted entrepreneurs. 2.0 VISION FOR EASE OF DOING BUSINESS * To establish, India as preferred destination for FDI& FII by providing an conducive ecosystem * To support MSME'S Entrepreneurial culture in the South Asia Pacific Region Mission * To align all Indian states with the 'Self-Reliant India, Flagship Initiative of the Government of India * To develop a sustainable ecosystem of innovation, Research & Development, Manufacturing in the Central India region. * To eradicate and minimizing corruption for granting permission through single window Scheme within 30 days for new start up. 3.0 (A) STRATEGIES FOR INNOVATIVE INCUBATION NETWORK * The Individual state Government would foster on constructing Incubation centers with in Engineering Colleges, Management Institutes & Professional Colleges fall across selected state to provide innovative ideas along with plug and innovative road map facilities to young entrepreneurs, budding students. * These incubation centers transform into innovative network to build a collaborative platform among Host institutes/Incubators which can be used to learn the best practices in order to understand the requirements of startup's/ entrepreneurs. * The Network shall also provide a platform to identify National /International mentors from institutes or corporate industries. * The incubation network shall play a play a vital role in providing handholding to startup's in funding support assistance in legal compliance & regulatory support from respective state Government. 3.0 (B) VENTURE CAPITALIST NETWORK / CALIPHS INVESTORS * The identification & selection of an caliphs investors /Venture capitalist plays a crucial role in the journey of any new start up. * It bridges the gap between start up and their initial stage required capital support . * It helps in building sustainable eco-system within demographic region. 3.1POLICIES FOR EASE OF DOING BUSINESS (AVAILABILITY OF INCUBATION FACILITY) * Ease in approvals & Registrations-A single window clearance. * Single window service should be establish in order to give clearance to recognized 41,061 start up's as on December2020, along with flexible labor laws & reforms like E-land records, in a demographic region. 3.2 INCENTIVES TO START UP'S & EXISTING ENTREPRENEURS According to MSME Act 2020, for availing incentives the incubators fall under state demographic region ,eligible to register under MSMEUAN ,irrespective of rural, urban, semi urban landscape etc. 3.2.1 INTEREST SUBSIDY Eligible new start up's shall be provided with extended tax holiday for a period of 3 years on the rate of interest paid on loans obtained from Nationalized banks /financial institutions subjected to the maximum limit of INR 25 lakhs per year linked to turn over per year . 3.2.2 LEASE RENTAL SUBSIDY Reimbursement of 25% lease rental subsidy to start up's units established in the state operating from incubators shall be eligible for a period of 3 years subject to a ceiling of 5 lakhs per year from the date of rent payment to incubator. 3.2.3 PATENT/QUALITY PROMOTION SUBSIDY Reimbursement for patent & quality certification per unit up to a limit of INR 5 lakhs for Domestic and INR 25 lakhs for International Quality Certification after securing Certification from country's Certification Boards. 3.2.4START UP MARKETING ASSISTANCE Under membership of Engineering and Exports Promotion council (EEPC), Federation of exports organization (FI O), eligible start up's for participation in national & International Trade fairs &conferences anywhere in the globe. 4.0 EASE OF DOING POLICY APPLICABILITY The state incubation & start up policy shall be applicable to mentioned below thrust areas as per 2021-2022 new policies. * E-Commerce Marketing, Digital Marketing * Textile, Space Technology, Information Technology & Other Allied Areas * Healthcare, Pharmaceuticals