Jammu: The Business School, University of Jammu conducted an Interactive session on ‘Start-Ups and Banking Sector in UT of J&K’ at Reserve Bank of India, Jammu to deliberate on the findings and outcomes of the ICSSR Short Term Empirical Collaborative Research project titled “Analyzing Impact of Indian Start-up Ecosystem in UT of J&K” awarded to Prof. Vinay Chauhan, Director, The Business School and his team comprising of Dr. Saloni Devi and Dr. Rohit Bhagat.
The session started with a formal welcome address by Mr. Shubab Rata Ghosh Maulik, DGM, RBI, followed by an address from Mr. Sandeep Mittal, GM, RBI who apprised the gathering about the main theme of the session and appreciated the efforts of Prof. Vinay Chauhan for contributing in developing successful Startup ecosystem in the UT of J&K.
The team from TBS, JU was invited to share and discuss the findings of the ICSSR Short Term Empirical Collaborative Research Project. Prof. Vinay Chauhan, Director TBS & Project Coordinator in his captivating presentation delved deep into the Startup culture of UT of J&K and stressed on the role of financial institutions towards harnessing innovation and entrepreneurship. With eloquence and depth, Prof. Chauhan underscored the enduring relevance and role of RBI in nurturing financial institutions towards fostering a successful startup ecosystem.
Further, Dr. Rohit Bhagat deliberated on the major observations and empirical findings based on primary data collected from the registered startups of the region. Dr. Nidhi Pathania shared her firsthand experience and live cases with the august gathering highlighting major gaps in implementation of the scheme. Dr. Saloni Devi discussed the short term and long term recommendations along with the key findings of the study.
The interactive session served as a platform for engaging dialogue and exchanging ideas towards strengthening a Start Up ecosystem and provide a crucial support to startups, including knowledge sharing and facilitating investments in UT of J&K from potential investors of the region. The session engrossed on streamlining the regulatory processes to foster a more Start-up friendly environment and learning from the best practices set up by financial institutions. The lecture provided a comprehensive bouquet of digital and physical solutions to cater to all banking needs of start-ups across their various life stages.
Prof. Vinay Chauhan further assured that TBS, JU will leave no stone unturned and with the help of RBI try to emulate good start up models of states like Gujarat, Karnataka etc.in UT of J&K towards building and providing a sustainable successful Start-up ecosystem to budding entrepreneurs of UT of J&K. To which Mr. Sandeep Mittal, GM, RBI(Jammu) was in agreement with Prof. Chauhan. The session ended on a positive note with having more such sessions in future towards promoting entrepreneurial culture in UT of J&K and working towards the aim of making India into “Viksit Bharat”
The session was attended by higher official from RBI and other staff members of the RBI. The session concluded by a formal vote of thanks by Dr. Mohd. Anwar AGM at RBI.