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Entrepreneurship Development Cell(EDC)

The Entrepreneurship Development Cell of the college was started on 1st September 2012 by Dr.C.Rani, Director and CAO, NIMSME, Government of India, Hyderabad. Dr.S.Suseela, Managing Director of M/s.Bhagyanagar laboratories was the Guest of honour for the event.

The Entrepreneurship Development Cell of NMREC has organized three EDP Orientation Programmes in association with National Small Industries Corporation, Hyderabad on 5th,23rd and 28th February,2013. Experts from NSIC have handled sessions with focus on entrepreneurship and motivated the students to take up enterprises.  319 students of B.Tech Mechanical, Electronics and Communication, Electrical and Electronics, Information Technology, Computer Science, and MBA have been trained in ED Orientation. Practical orientations coupled with theoretical concepts are explained. Simulation games are also used as a tool to bring awareness on ED. The programme has covered the following topics: Introduction of NSIC and their lending and support activities like Marketing Support, Credit Support and other Support Services, importance of MSMEs, concepts relating to starting of a new business, the selection of name and constitution of the enterprise, preparation on bankable projects, registration of business enterprise with various authorities, approaching banks for finance, The role of banks and terms lending institutions. Students have expressed their happiness on the contents and methodology of the programme and requested the management to organize such programmes in future also.