The Memorandum of Understanding (MoU) between IIM Calcutta Innovation Park and Bihar Entrepreneur Association (BEA)

Bihar Entrepreneurs Association and IIM Calcutta Innovation Park will jointly help enterprises in rural Bihar to expand their business and reach new markets. The incubator program for SHG-based enterprises is being implemented by Bihar Gramin Ajeevika Protsahan Samiti-Jeevika and IIM Calcutta Innovation Park under the National Rural Economic Development Project. The objective of this program is to strengthen women-owned and led enterprises and promote sustainable livelihood opportunities. Bihar Entrepreneur Association (BEA) will assist IIM Calcutta Innovation Park in reaching out to start-ups and entrepreneurs working in 38 districts of the state. Start-up Incubator working with Bihar Entrepreneur Association (BEA). The program will help in providing better markets to the selected entrepreneurs.

IIM Calcutta Innovation Park, under the aegis of IIM Calcutta, is a premier Evolutionary Organization of India Work with the objective of helping enterprises operating in the social sector to promote business. National Rural Economic Development Project Incubateur program is being implemented in the state of Bihar, Assam and West Bengal by National Rural Livelihood Mission and IIM Calcutta Innovation Park. national rural livelihood
The Mission (DAY-NRLM), a flagship livelihood program of the Ministry of Rural Development, Government of India, aims to mobilize about 9-10 crore rural poor households into Self Help Groups (SHGs) in a phased manner and provide them with long-term self-help support. So that they can improve their income and quality of life by diversifying their livelihood.

It is expected that the enterprise will increase its annual income by joining this new program.
Will be able to achieve at least 15% growth. This has led to new forms of livelihood at the grassroots level. There is a huge potential to create opportunities. These entrepreneurs will also be shown as role models who will inspire a large number of youth to embrace entrepreneurship and look only for job creators. IIM Calcutta Innovation Park will bring its rich experience in entrepreneurship development to several states at the national level to implement this project. Management practices like design thinking and market distribution model will be used for this project as per international standards. Appropriate technologies will be used for project effectiveness and efficient implementation.
The Memorandum of Understanding (MoU) between Bihar Entrepreneur Association (BEA) and IIM Calcutta Innovation Park will prove to be a milestone in taking the rural women's entrepreneurship to a new dimension in the state of Bihar.