IIM Raipur Collaborates with Ministry of MSME to Launch Business Accelerator Program
In a significant move aimed at empowering entrepreneurs from marginalized communities, the Indian Institute of Management (IIM) Raipur has partnered with the Ministry of Micro, Small, and Medium Enterprises (MSME) to launch the Business Accelerator Program. This initiative is designed to support existing and aspiring entrepreneurs from the Scheduled Castes (SC) and Scheduled Tribes (ST), as well as small business owners, by providing them with essential skills and knowledge for scaling their ventures.
Program Overview
The Business Accelerator Program will focus on equipping participants with the tools necessary to enhance their business models, identify lucrative markets, improve financial decision-making, and utilize digital tools for operational efficiency. The program is structured to offer a blend of theoretical knowledge and practical application, ensuring that participants can directly address their business challenges.
Key Features of the Program
- Concept Sessions: Participants will engage in discussions centered around real-world MSME scenarios.
- Case Studies: Analysis of successful business models and strategies relevant to MSMEs.
- Hands-On Exercises: Practical activities designed to implement learned concepts.
- One-on-One Mentoring: Personalized guidance from experienced mentors to tackle specific business challenges.
- Action Roadmaps: Development of clear 90 to 180-day action plans to facilitate business growth.
Learning Model
The program adopts a blended learning approach, combining immersive on-campus sessions at IIM Raipur with engaging live online classes. This format allows for flexibility and accessibility, catering to the needs of diverse participants. The program includes:
- Structured Instruction: A total of 72 hours of guided learning led by IIM Raipur faculty and industry experts.
- Dedicated Mentoring: An additional 18 hours of focused mentoring to support individual participant needs.
This comprehensive learning experience aims to foster a transformative environment that encourages growth and innovation among participants.
Eligibility and Registration
To participate in the Business Accelerator Program, candidates must meet the following criteria:
- Hold a bachelor’s degree from a recognized institution.
- Be aged 18 years or above.
The registration process is currently open and will close on December 15, 2025. The program is set to commence on January 17, 2026, providing ample time for interested candidates to apply.
Program Fees
The total fee for the Business Accelerator Program is ₹99,000 plus GST. However, under the National SC-ST Hub (NSSH) scheme, the program is fully sponsored, allowing participants to pay only a registration fee of ₹7,500, which includes GST. This financial support aims to reduce barriers to entry for aspiring entrepreneurs from SC/ST backgrounds.
Conclusion
The collaboration between IIM Raipur and the Ministry of MSME marks a pivotal step towards fostering entrepreneurship among marginalized communities in India. By providing targeted support and resources, the Business Accelerator Program aims to empower SC/ST entrepreneurs to thrive in a competitive business landscape. This initiative not only contributes to individual growth but also plays a crucial role in enhancing the overall economic development of the country.
Note: The information provided in this article is based on the latest updates from IIM Raipur and the Ministry of MSME as of December 2025.
