Details

Are you an aspiring entrepreneur in Arunachal Pradesh with a brilliant business idea? The Arunachal Pradesh Entrepreneurship Challenge (APEC) might be just what you need to turn your vision into reality.

What Is This Scheme?

The Arunachal Pradesh Entrepreneurship Development Programme (APEDP) includes the APEC, which is designed to find and support innovative, locally relevant business concepts and entrepreneurs. It's all about building a strong ecosystem for new businesses in the state and providing aspiring entrepreneurs with the help and guidance they need.

Who Can Benefit From This Scheme?

This challenge is for individuals in Arunachal Pradesh who are 18 years or older and have a solid business idea, plan, or even a working model. It's open to early-stage ventures (started after August 15, 2015), MSME-registered businesses, college graduates, self-employed individuals with innovative ventures, and organized producer groups. Even if you're an Arunachali living outside the state but wish to return and start a business, you can apply.

Why This Scheme Is Important

APEC is a significant step towards fostering a self-reliant Arunachal Pradesh. By encouraging local innovation and providing financial and mentorship support, the program aims to create new jobs and economic opportunities within the state, ultimately contributing to its growth and development.

Objective

The Arunachal Pradesh Entrepreneurship Challenge (APEC) aims to identify, support, and nurture innovative business ideas and local entrepreneurs. Top participants can receive substantial funding and mentorship.

Benefits

Govt. will provide planting materials, required quantity of shade net and one garden tool kit as Govt. share.

The beneficiaries will have to erect the bamboo/steel structure themselves under observation of departmental officers as beneficiary’s share.

The cost of bed preparation, fertilizer etc. will have to be borne by the beneficiaries.

Departmental officers will provide complete technical support to the beneficiaries.

For the year 2015- 16 cultivation of Gerbera under Shade net house with tissue cultured planting materials is proposed to be taken up covering an area of 200 sqm. per unit area.

Sources and references

Guidelines

Eligibility Criteria

You must be a resident of Arunachal Pradesh, 18 years or older. You should either have your main business unit in Arunachal Pradesh, plan to set up branches there, or be an Arunachali living outside the state but wanting to return and start a business.
You need to have a promising business idea, a well-thought-out plan, or a prototype/working model.
Good communication skills are important as you'll be presenting your ideas.
Your venture should be an early-stage business established on or after August 15, 2015.
If you're an MSME-registered enterprise, you can apply.
Existing entrepreneurs within your district are also encouraged to apply.
College graduates can apply.
Self-employed individuals running innovative businesses are eligible.
Members of organized producer groups can also apply.

How To Apply

The application process typically involves submitting your details and business proposal online.
Applications are evaluated and screened thoroughly.
The top 50 entrepreneurs will be selected for further Incubation and Pre-Incubation programmes.
For the official application portal and detailed instructions, please refer to the official Arunachal Pradesh Government websites or announcements related to APEDP.

Documents Required

Passport-sized photograph (PNG format)
Aadhaar Card (both sides, PDF format)
Domicile Certificate (PDF format)
Proposed Project Proposal (PDF format)
Proof of Concept or evidence of early-stage revenue generation for your products/services, showing potential for growth.

FAQ’s

What is the main goal of this entrepreneurship program?

The program aims to encourage the youth of Arunachal Pradesh to become creators of jobs rather than just job seekers. By doing so, it aims to generate employment opportunities for many others within the state.

Who is eligible to apply for the Arunachal Pradesh Entrepreneurship Challenge?

The challenge is open to residents of Arunachal Pradesh who are over 18 years old and have a business idea or a plan. This includes existing entrepreneurs, MSME-registered businesses, college graduates, self-employed individuals with innovative businesses, and members of organized producer groups. Even Arunachalis living abroad but planning to return and start a business can apply.

What kind of businesses are not allowed under this scheme?

You cannot apply if your business is an expansion of an existing one (including a family business). Additionally, business plans or ventures related to Alcohol, Tobacco, Gambling, Firearms, and Explosives are not permitted.

Is being a resident of Arunachal Pradesh a requirement to apply?

Yes, it is mandatory to have a domicile certificate of Arunachal Pradesh to be eligible for this program.

What financial support can participants expect from the challenge?

The top 10 entrepreneurs selected will receive up to ₹5,00,000, while the next 40 entrepreneurs will get up to ₹4,00,000. This funding is for those chosen for the Incubation and Pre-Incubation programmes facilitated by IIM Calcutta Innovation Park.

What specific documents are needed to apply for the APEC?

You will need to submit a passport-size photograph in PNG format, your Aadhaar Card (both sides) in PDF, a Domicile Certificate in PDF, and your Proposed Project Proposal in PDF. You also need to provide proof of concept or evidence of early-stage revenue generation for your venture.

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