Entrepreneurs from five districts, Belagavi, Uttara Kannada, Dharwad, Gadag and Haveri, and over 600 Navodyamis (new entrepreneurs) congregated in Hubballi on Monday to participate in the Navodyami Sammelan 2018 aimed at promoting entrepreneurship.

While entrepreneurs put up stalls to exhibit their ventures in various sectors in this event organised by Deshpande Foundation, the best among them were honoured with the Best Emerging Entrepreneur and the Best Promising Entrepreneur awards.

Addressing micro and small entrepreneurs at the event, Deputy General Manager of Vijaya Bank Baptist Lobo emphasised the need for digital and financial literacy in the country and said that it was essential to make India an economic superpower. Mr. Lobo said that 76 % of the population was unaware of the importance of banking and maintaining accounts, which should be addressed through awareness on digital and financial literacy. “Every entrepreneur contributes a lot to the economy and particularly, women in rural India need to participate and set an example for others to follow,” he said.

CEO of Deshpande Foundation Vivek Pawar said that India with 17 % of the total population in the world had great potential to create entrepreneurs. The foundation in collaboration with other organisations would support micro and small entrepreneurs, he said.

Founder of the foundation Gururaj Deshpande said that there would be problems in every new venture. However, brave and clever entrepreneurs would never give up and they would clear the hurdles with determination to achieve success. He urged young entrepreneurs to utilise the available facilities to contribute towards the welfare of their families and also their communities.

State Project Officer of United Nation Development Project Jeya Chandran G., Zonal Manager of Andhra Bank G.S. Jaya Prakash, Entrepreneurship Expert of UNDP Philip Mathew and others were present.

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