Hetaunda School of Management, located in Hetaunda Sub-metropolitan City-4, has transferred seed capital to undergraduate students for business operations.
During a program on Tuesday, 4 lakh rupees of seed capital was transferred to The Ad Makers, which is run as a company for promoting enterprise and business, out of 10 lakh rupees seed capital for the second installment. Puran Bahadur Joshi, principal of
management, handed over 4 lakh rupees to Saksham Gyawali, a third-year undergraduate student in the Faculty of Commerce, who is the owner of The Ad Makers. Even earlier, the management had transferred seed capital to Gyawali. The management, which transferred seed capital of 1 lakh 50 thousand rupees a year ago, will transfer another 4 lakh 50 thousand rupees after 2 months.
Principal Puran Bahadur Joshi said that the seed capital received through the University Grants Commission (UGC) was transferred to the students. . To inspire students in entrepreneurship and innovation, the management is establishing and operating the 'Open Innovation Hub'. Gyawali has already returned Rs 150,000 for the first installment. Gyawali said that The Ad Maker, which creates advertisements for
enterprises and businesses, has served more than 100 clients and still has 20 regular clients. So far, 12 lakh 76 thousand rupees have been invested for the company, with the seed capital received to expand the business and Gyawali says that he will also help in the office management of the company.
Dipesh Khanal, Head of Strategy and Innovation Department of Hetaunda School of Management, informed that other students are also active in business and enterprise. Joshi, principal of management, said that as an ambitious project, the work of giving seed capital to students in entrepreneurship and innovation has been done.
'Even though the University Grants Commission does not have a provision for providing seed capital through private educational institutions, they have made arrangements for distribution to students after their request,' he said. The University Grants Commission has given 17 lakh 10 thousand rupees to the management for the first installment to distribute the seed capital to the students.
