The Ministry of Micro, Small & Medium Enterprises (MSME) has accepted AssamDonBoscoUniversity’s proposal to set up Entrepreneurship Development & Incubation Centre (EDIC) at Don Bosco College of Engineering and Technology (DBCET).
EDIC Coordinator and Assistant Professor Rashmita Barua states in a communiqué sent out on 6th June, “I am pleased to inform you all that the proposal that was sent to MSME, Govt. of India for setting up DBCET as a Business Incubator has been accepted by them.”
“We are now in the process of signing an MoU between DBCET and MSME, Govt. of India, New-Delhi. Once the MoU is signed, we will be eligible to apply for funds for various projects through EDIC from time to time,” adds Miss Barua.
Micro, Small and Medium Enterprises (MSME) contribute nearly 8 percent of the country’s GDP, 45 percent of the manufacturing output and 40 percent of the exports. They provide the largest share of employment after agriculture.
They are the nurseries for entrepreneurship and innovation. They are widely dispersed across the country and produce a diverse range of products and services to meet the needs of the local markets,
the global market and the national and international value chains.
The Ministry has a number of programmes to help and assist entrepreneurs and small businesses.