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EntrepreneurshipEntrepreneurship in in

Bhutan Bhutan

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BackgroundBackground

Business Opportunity and Information Centre

(BOIC)

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Entrepreneurship Promotion Centre (EPC)

1990

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MandateMandate

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To Promote entrepreneurship and enterprises in micro, small and medium enterprises

Roles and FunctionsRoles and Functions

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Business Development Services

Business Advisory Services

Training InterventionTraining Intervention

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Business Orientation Workshop

Business Awareness Workshop

Customer Relationship

Salesmanship

Book keeping and Accounting

Training InterventionTraining Intervention

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Basic Entrepreneurship Course

Comprehensive Entrepreneurship Course

Entrepreneurial Skills Development Training

Non-Training ServicesNon-Training Services

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Basic pep-talk on biz ownership &

management

Technical assistance in preparing business

plan

Procurement

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AccessAccess to to

CreditCredit

EDP Loan SchemeEDP Loan Scheme

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Capital Fund – Nu. 100 million

Bank of Bhutan

Royal Insurance Corporation of Bhutan

Bhutan Development Finance Corporation

Bhutan National Bank

EDP Loan SchemeEDP Loan Scheme

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Types of Facility

Term Loan

Overdraft @ 12% p.a

Equity @ 15% of FIC

Bhutan National Bank

EDP BeneficiariesEDP Beneficiaries

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Address financing needs of individuals to successfully complete CEC

17 CEC

298 unemployed youth

47 business start-ups

Status EDP BeneficiariesStatus EDP Beneficiaries

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Credit Guarantee SchemeCredit Guarantee Scheme

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Address the financing needs of individuals who successfully undergo BEC

Collateral free loans up to Nu 500, 000

Loss-Sharing facility in the event of failure

Vocational Skills

CGS BeneficiariesCGS Beneficiaries

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5 Batches BEC

89 unemployed youth

33 business start-ups

Status BEC BeneficiariesStatus BEC Beneficiaries

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PlansPlans for for

2010/112010/11

Physical IndicatorsPhysical Indicators

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Conduct 4 batches of CEC for 400 aspiring entrepreneurs

Conduct 4 batches BEC for 400 aspiring entrepreneurs

Initiate Business Incubation Programme

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Q&AQ&A

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TASHI DELEKTASHI DELEK