Hyderabad based social enterprise, ALC and NITI Aayog announces a fellowship

‘Transforming India Initiative’ (TII), a unique 2 year social entrepreneurship fellowship programme was launched on Monday by ALC India, Hyderabad based  social enterprise. The programme is eligible for fresh graduates who nurture entrepreneurial aspirations and young professionals who want to make an impact for the country. The 2 year programme has been designed to give the fellows in-depth entrepreneurial experience and practical knowledge of how to run a venture before they start their own ventures. After completion of the programme, the fellows will receive incubation and funding support for a period of 6 years to set up profitable social enterprises. TII has received support from NITI Aayog and will be offered in partnership with prestigious academic institutes, IRMA & DMI Patna.

Endorsing the fellowship programme, Mr. Amitabh Kant, CEO, Niti Aayog said,“Entrepreneurship is an engine of economic and social change as it opens up opportunities for job and wealth creation for those in needs. Hence it is important that we equip the youth of this country to build social enterprises that will create value for the economy and the country. I am sure that TII will be a pioneering initiative that will encourage talented young people join this programme. I am hopeful that initiatives like TII will set an example and will encourage them to contribute to the country and the larger society”

Since, its inception in 2005, ALC India has impacted 65,000 households in 17 States through 300 Projects. The organization has helped people in the unorganized sector build sustainable livelihoods and double their incomes. ALC India helps incubate enterprises that the communities own - typically cooperatives or producer companies and develops their technical, managerial and entrepreneurial skills, as they move up in the value chain from just being a producer to an entrepreneur.

Announcing the launch of the Transforming India Initiative, Mr. Krishnagopal Grandhi, CEO, ALC India said, “In the current economic scenario, entrepreneurs are key to job creation, at the same time they need to evolve solutions that can address the most pressing challenges facing the country today. With the Transforming India Initiative, we are looking for talented youngsters who have the passion and grit to become social entrepreneurs. We will support them with not just education but also with incubation support to set up their enterprises after completing the fellowship.”