In this initiative IIM Calcutta Innovation Park (IIMCIP), a Section 8 company, partnered WBSRLM to conduct the programme in the state. The mentoring of SHG led enterprises for one year and developing replicable models which in coming years will act as model concepts/ strategies for entrepreneurship development in rural Bengal is an integral component of this initiative.
Under the programme, out of 30,000 online applications received from SHG entrepreneurs, 150 applications were sieved through rigorous stages of filtering under the Challenge Fund Competition. These 150 enterprises were provided with grant (for 18 enterprises) and interest free soft loan (132 enterprises) up to Rs. 10.00 lakh.
Apart from financial support, the enterprises have been provided multipronged technical support by IIMCIP in close coordination with WBSRLM. This support included: