Rajiv Gandhi Entrepreneurship Encouragement Scheme (RGEES)
The Government of Karnataka has launched Rajiv Gandhi Entrepreneurship Encouragement Scheme (RGEES) for young innovators and entrepreneurs. The key objective of this scheme is to encourage entrepreneurial minds to foster ideas and innovate them to become successful start-ups. Karnataka Government provides financial support to graduate and professional to pursue entrepreneurship under Rajiv Gandhi Entrepreneurship Encouragement Scheme (RGEES). In this article, we look at the Rajiv Gandhi Entrepreneurship Encouragement Scheme (RGEES) in detail.Objectives of RGEES
Rajiv Gandhi Entrepreneurship Encouragement Scheme (RGEES) objectives are as follows:- To boost the Information Technology (IT) sector in Karnataka
- To make entrepreneur ideas into a successful start-up
- To build an innovation-driven entrepreneurial ecosystem
- Socio-economic development in Karnataka
- To create more job opportunities in Karnataka by minimising the number of job seekers
- To make the self-employment system more efficiently
RGEES Grant to Entrepreneur
Under this scheme, the Government provides a grant to the entrepreneur to support start-ups:RGESS Grant Amount | Duration or Validity | |
1 |
Maximum Amount - Rs.30,000 per month |
1 year |
2 | Minimum Amount – Rs.10,000 per month |
1 year |
Eligibility Criteria for RGEES
Eligibility criteria for Rajiv Gandhi Entrepreneurship Encouragement Scheme as follows:- Graduates who are not employed in any enterprise in Karnataka are eligible under the RGEES scheme
- Professionals employed in an enterprise and are leaving his or her job for exploring their business idea can also apply for RGEES scheme
- RGEES entrepreneur must be qualified to register as a start-up in Karnataka start-up cell
- RGEES entrepreneur seeking support should demonstrate his or her ability to build a scalable technology business start-up
- RGEES entrepreneur seeking support should have a formal business plan for the idea they intend to pursue and a business presentation, including the investment proposal
Documents Required
The following documents must be submitted for RGEES application:- Aadhar Card
- Voter ID
- Secondary school mark sheet
- HSC passing certificate
- Degree certificate
- Employment Certificate, in case of professional
Instruction for RGEES application
- The background of the RGEES entrepreneur has to be provided while applying for this scheme
- Entrepreneurs can propose only one technology business idea
- Applicants should submit only one application form for the RGEES cell. In case of multiple applications from an applicant, only the first one will be considered valid, and the remaining will be deleted.
- The applicant needs to pursue his or her entrepreneurial aspirations full time
- Once the RGEES entrepreneur raises funding for his or her business idea, the grant support will be discontinued from the date of receipt of the first tranche of funds
Applying for RGEES Scheme Online
The applicant has to follow the below-mentioned step by step procedure to apply online for RGEES: Step 1: Visit Start-up Karnataka official webpage Step 2: To apply for RGEES, click on the apply now button at the bottom.Enter Personal Details
Step 3: Fill all mandatory personal information:- Name
- Mobile or landline number
- Email ID
- Permanent address
- Correspondence address
- Date of birth
- Age
- Nationality
Enter Education details
Step 5: Fill all details related to education and upload documents as mentioned above. Image 2 Karnataka RGEES for Start-up Entrepreneurs Image 3 Karnataka RGEES for Start-up EntrepreneursProfessional Detail Section
Step 6: Fill the professional details on this page, upload employment certificate if any. Image 4 Karnataka RGEES for Start-up Entrepreneurs Step 7: To apply, click on Submit button.RGESS Screening Process
Selection of RGEES entrepreneur will be carried out by following four screening process:Pre-Screening
Pre-screening will be done by Start-up Cell, KBITS based on the eligibility criteria mentioned above and data sufficiency.Screening by Jury Panel
The applicants will be shortlisted by an eminent jury consisting of industry representatives from relevant backgrounds based on the following parameters:- Novelty and innovation
- Socio-economic impact
- Business and revenue model
- Capability
Final Pitch and Evaluation
Each applicant will be given six minutes to present, which will be followed by 4 minutes of Q&A by the jury. Based on the pitch, the jury is expected to arrive at a consensus on the recommendations concerning each applicant.Recommendations from the Evaluation Committee
RGEES Evaluation Committee will be doing a final and in-depth evaluation of winners on all parameters to recommend for the suitable financial grant from Government based on the scores and the recommendations by the Jury panel. RGEES winners will be notified about the recommendations made by the Evaluation Committee via email id provided by them in the application form.Popular Post
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