The "Starter Shop" will be a help desk at the local chamber of commerce and industry providing information to assist in investment decision making. It will give support in the start-up and post start-up process in a new business.
A starter shop will be a centre or location at which small and medium entrepreneurs can find all the information about the government and business services, all in one place.
Highlighting the importance of starter shops, SEQUA programme director Dr Christian Beck said, "From the initial orientation till the very end, a starter shop would help young and medium entrepreneurs develop a concept, a business plan and be a bridge to financial institutions, and post launch of the business help sustain it."
The one-stop starter shop concept, which is prevalent in Germany, looks to help potential entrepreneur's set-up their businesses and companies and provide solutions to sustain them. It would give easy access to young people and familiarize them with the tax and law system concerned with new businesses by providing all registration requirements, proving to be an entry point to training of skills post set-up.
According to Dr Beck, this concept would help the government as well by providing hassle-free revenue generation, improved government practices as well as facilitation for more employment which would also help in the provision of business development services.
A few months back, GTZ and FNCCI had signed a MoU to provide training to individuals interested in applying for loans and setting up small businesses in rural areas, and also tap into and train skilled business minds to generate them into mainstream entrepreneurship.
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