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FKCCI to mentor budding entrepreneurs

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CIOL Bureau
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BANGALORE, INDIA: The Federation of Karnataka Chambers of Commerce and Industry (FKCCI), in association with Shree Kshethra Dharmasthala Rural Development Project (SKDRDP), is going to launch a training programme for young entrepreneurs.

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The programme is aimed at providing skill development avenues for school and college dropouts, especially from the commerce stream, said J.R. Bangera, president, FKCCI.

He was speaking at a seminar on updates in Karnataka Value Added Tax (KVAT), e-initiatives and an insight into the proposed goods and services tax (GST) and legal metrology laws, arranged jointly by the Kanara Chamber of Commerce and Industry (KCCI) and FKCCI in the city on Saturday.

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Bangera further said that the FKCCI, along with SKDRDP, would also start a mentoring scheme for young entrepreneurs at the district level. “It will be implemented in collaboration with Rural Development and Self Employment Training Institute (RUDSETI) — a joint initiative of the Syndicate Bank, Canara Bank and Shri Dharmasthala Manjunatheshwara Educational Trust — and experts from FKCCI.”

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The mentoring is to support entrepreneurs from all sectors, in manufacturing, trade and service, particularly for the first one or two years. The FKCCI president informed that the scheme would be implemented with the State Bank of Mysore and then other banks will join.  

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The FKCCI is planning to ask the chief minister for a tripartite setup for the scheme, which will be on the lines of a public-private partnership, (PPP).

He said Mangalore University has sought FKCCI inputs for certain parts of the syllabus. It wanted additional training especially on sales and weights and measures, which will be followed up by FKCCI.