Categories: Business

SIDBI to launch a special train ‘Swavalamban express’ for new entrepreneurs

Small Industries Development Bank of India (SIDBI) has decided to launch a special train ‘Swavalamban Express’ on June 05, 2020, to empower budding entrepreneurs under its mission Swavalamban. It will construct an inter-connected small enterprise ecosystem that will include business aspirants, mentors, experts and experience at all.

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Important facts about ‘Swavalamban Express’:

The train will visit 11 cities in 15 days and will cover a 7000 km journey.
Around 20 workshops and interactions will be held to promote entrepreneurial culture among the youth about financial and non-financial aspects of enterprise running.
Participant individuals should be between the age of 20 and 35 years.
The train will start from Lucknow (Uttar Pradesh-UP) and thereafter to Jammu, Delhi, Jaipur, Ahmedabad, Mumbai, Bengaluru, Hyderabad, Bhubaneswar, Kolkata and finally reach Varanasi (Uttar Pradesh).
The train journey will also focus on the Prime Minister(PM) Narendra Modi’s vision of becoming a $5 trillion economy by 2024-25.
It has also planned that more than 150 experts and mentors will travel together to share and meet their expertise and experiences.

Important takeaways for all competitive exams:

Headquarters of SIDBI: Lucknow, Uttar Pradesh.
Chairman and MD of SIDBI: Mohammad Mustafa.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.