IIM Jammu hosts Business Plan Ideathon & Workshop to foster Entrepreneurship and Skill Development

IIM Jammu hosts Business Plan Ideathon & Workshop to foster Entrepreneurship and Skill Development

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New Delhi, Updated on Sep 3, 2024 10:49 IST

The event was held under the leadership of Professor B S Sahay, Director of IIM Jammu, and was conducted in collaboration with the Ministry of Skill Development & Entrepreneurship (MSDE), Government of India, and the Dalit Indian Chamber of Commerce (DICCI).

The Indian Institute of Management (IIM) Jammu recently organized a Business Plan Ideathon and workshop, showcasing its commitment to fostering entrepreneurship and skill development. The event was held under the leadership of Professor B S Sahay, Director of IIM Jammu, and was conducted in collaboration with the Ministry of Skill Development & Entrepreneurship (MSDE), Government of India, and the Dalit Indian Chamber of Commerce (DICCI).

Inauguration and Keynote Addresses

The function was inaugurated by Manzoor Ahmad Qadri, Deputy Commissioner/District Development Commissioner, who was joined by Javid Iqbal, Principal of Government Polytechnic College, Bandipora. Asim Khan, a renowned scientist, also graced the event as the Guest of Honour.

In his keynote address, Manzoor Ahmad Qadri underscored the crucial role of skilling and the effective marketing of these skills. He highlighted the importance of bridging the gap between skill development and market needs, stressing the contribution of Skill Development and Business Units (SBDUs) toward fostering self-employment.

Program Overview and Key Insights

The session began with an introduction to the SBDU program and the Ideathon by Ishfaq, Coordinator of SBDU Bandipora. Dr. Vivek Sharma, Chief Innovation Officer at IIM Jammu, elaborated on the innovation and incubation support provided by the IIM Jammu Incubation Centre (DST-i-TBI) located at the Jagti campus in Jammu and the ThinkIn incubator in Nowgam, Srinagar.

Naren Karunankarn, Consultant for SBDU, shared valuable insights into the SBDU program, while Dr. Shahid Jibran, Project Manager for SBDU, discussed the growing business opportunities in Jammu and Kashmir and the role of SBDUs in nurturing young entrepreneurs.

Participant Engagement and Outcomes

The event witnessed enthusiastic participation from across North Kashmir, with numerous dignitaries from various colleges attending. It provided a unique platform for participants to showcase their business ideas, receive expert feedback, and explore opportunities for further capacity building and business incubation.

The workshop aimed to refine participantsโ€™ business concepts, address real-world challenges, and provide a supportive environment for innovation and entrepreneurship.

Acknowledgments and Conclusion

Q: ย  Is MBA at IIM Jammu good?

A:

IIM Jammu is among the top 50 Institutes ranked by NIRF under the management category. The Institute offers MBA & MBA in Hospital Administration & Health Care Management. The key highlights of the programme are showcased in the table below:

Particulars MBA MBA HA & HM
Duration 2 years 2 years
Eligibility

Bachelor's degree with a minimum of 50% aggregate from a recognised university

Bachelor's degree with a minimum of 50% aggregate from a recognised university
Selection Criteria CAT, Personal Interview, Profile CAT, Personal Interview, Profile
Total Seat Intake 240 60
Total Tuition Fee INR 10.5 lakh INR 10.5 lakh

IIM Jammu MBA Placement Highlights are given below:

Parameter

MBA Placement Statistics (2023)

the highest package

INR 64 LPA

Average package

INR 16.50 LPA

Median package

INR 15.25 LPA

Total number of offers

257

Total recruiters visited

126

Total new recruiters

59

PPO

10

Q: ย  Is it tough to get into IIM Jammu?

A:

To secure admission at IIM Jammu MBA, candidates are required to appear for CAT. The CAT entrance test is a highly competitive exam that is required for admission to IIMs and other top Management colleges. A well-planned strategy along with a correct approach is essential for admission to MBA courses in India, especially in the top MBA colleges in India. A prep strategy that will help you ace the CAT exam for admission to IIM Jammu is as follows:

  • Check the CAT syllabus and exam pattern
  • Solve as many CAT Mock Tests as possible. Download FREE Mock Test papers & solutions!
  • Solve previous year's CAT question papers for thorough revision to reduce the scope of mistakes
  • Choose the right reference book
  • Read books, editorials, newspapers, and journals to improve your vocabulary and reading skills. 
VARC questions with answers DI & LR questions with answers Quantitative Aptitude questions with answers

Read more about the CAT preparation strategy

Q: ย  How are the MBA placements at IIM Jammu?

A:

Yes, IIM Jammu is well known for its MBA course. When it comes to the placements, the institute hs a great track record of placements. In 2024,  the highest package offered during IIM Jammu placements in 2024 stood at INR 32 LPA, whereas the IIM Jammu average package offered to the MBA batch stood at INR 15.48 LPA. The key highlights regarding IIM Jammu placements for the Class of 2023 and 2024 are mentioned in the table below:

Particulars

Placement Statistics (2023)

Placement Statistics (2024)

Highest package

INR 64 LPA (MBA)

INR 32 LPA (MBA HA & HM)

INR 31.75 LPA (MBA)

Average package

INR 16.50 LPA (MBA)

INR 14.01 LPA (MBA HA & HM)

INR 15.48 LPA (MBA)

Median package

INR 15.25 LPA (MBA)

INR 13 LPA (MBA HA & HM)

INR 15 LPA (MBA)

Total offers

246 (MBA)

52 (MBA HA & HM)

Total recruiters

126 (MBA)

56 (MBA HA & HM)

154 (MBA)

Total new recruiters

59 (MBA)

56 (MBA)

PPO

10 (MBA)

2 (MBA HA & HM)

10 (MBA)

Batch strength

239 (MBA)

45 (MBA HA & HM)

244 (MBA)

Placement rate

NA

100% (MBA HA & HM)

The event concluded with a vote of thanks proposed by Rukhsana Bashir, SBDU Incharge Bandipora. The Business Plan Ideathon and workshop highlighted IIM Jammuโ€™s ongoing efforts to support and develop entrepreneurial talent and strengthen the link between skill development and market needs.

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