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.

Click Here To Get Test Series For RBI Assistant Mains

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.

Find More Business News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

The Forgotten Story of Tamils in Moreh: How Manipur Border Town Became Home to Tamil Diaspora

A brief yet poignant scene in the hit series Family Man 3 has opened a…

3 hours ago

Which Country is Known as the Land of Festivals?

India is often called the Land of Festivals because it celebrates countless festivals throughout the…

4 hours ago

Simone Tata: The Visionary Behind Lakmé and Westside Passes Away at 95

Simone Tata, a transformative figure in India’s business landscape and the step-mother of Ratan Tata,…

5 hours ago

When was IndiGo Airlines Founded and Who Founded It?

IndiGo Airlines is one of India’s most popular and trusted airlines. It is known for…

6 hours ago

Which Country is Known as Deutschland?

Many countries have different names in different languages. One such country is Germany, which is…

6 hours ago

Which River is Known as the Lifeline of Northeast India?

Northeast India is a region full of beautiful landscapes, green forests and rich culture. A…

6 hours ago