Bhartiya Yuva Shakti Trust
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FAQ

FAQ

 

Frequently asked questions by Budding Entrepreneurs:

Q. How can I share my idea with BYST

A. If you want to share your idea with BYST and are keen to set up your own business, please do contact us at the addresses given on the website.

Q. How can BYST help me? What support does BYST provide?

A. If you are falling in the criteria provided by BYST then we can support you with:

  • Loans to start or expand business to the extent of INR 50 lakhs at low interest rates
  • Mentoring Support to each entrepreneur
  • Networking, marketing & participation in business exhibitions.
  • Need based, business management training programs & exposure to latest business trends.
  • Recognition through awards

Q. How do I apply for a loan at BYST ?

A. Based on your city of residence, you can either write an e-mail to the concerned official at BYST or call them to take an appointment to discuss the same and take the proposal further.

Q. Whom do I contact for donations ?

A. You can send an e-mail to the BYST Administration and the concerned person will contact you at the earliest. Or you can speak to one of our officers at the Head office in Delhi.

Q. What is the eligibility criterion to get a loan and Mentor in BYST ?

A. Eligibility criteria is:

  • Youth in age group of 18-35 years
  • Youth with viable business idea
  • Resident of Delhi, Haryana, Chennai, Kancheepuram, Hyderabad, Pune and near-by rural areas, Purandar Taluka, Haveli Taluka, Shirval Taluka, Baramati Taluka, Daund Taluka
  • Business should be either Manufacturing or Service. Trading Businesses are not encouraged.

Q. What is the loan amount I can apply for?

A. Minimum loan amount is INR 1lakh and maximum is INR 50 lakhs.

Q. What are the businesses supported by BYST ?

A. Any business which is either of Manufacturing or Service Industry can be supported by BYST. For example: Businesses like plastic moulding, engineering works, IT business, doll making, readymade garments, 2 or 4 wheeler repairing garage, handicraft, herbal products etc. We do not encourage businesses that are trading in nature.

Q. What experience should I have for being supported by BYST?

A. One should be having the business idea for starting a business and /or for expansion for existing business with relevant experience to run it.

Q. What support can I get if I do not belong to the present operational areas of BYST?

A. If you are not in our operational area, it will not be possible for us to support you directly. However, we can refer you to our mentors and if they are interested to mentor you, we will inform you regarding the same.

Q. How can Mentors be approached?

A. They can be approached through BYST.

Q. How is BYST is different from Banks in supporting Entrepreneurs?

A. BYST is a non-profit organisation committed to promoting entrepreneurship development. BYST not only provides funding at very low interest rates, but it provides mentoring and end-to-end support system to ensure success of the upcoming entrepreneurs. BYST’s aim is to help entrepreneur create employment and wealth for those supported by them.

Q. What is the minimum time duration to get a loan from BYST?

A. We conduct our evaluations in the third week of every month and would be able to process it in a month’s time, provided we get the applications in time for the evaluations.

Frequently asked questions by People interested in Mentoring:

Q. How can one become a BYST Mentor?

A. You can get in touch with the BYST local office (near your city) regarding your interest in becoming a mentor. BYST staff then will send you the registration form, which you should fill in and send back along with your brief profile and passport photo. BYST committee will respond to your request within a time frame of 15 to 30 days.

Q. How can I help BYST?

A. You can help BYST by :

  • Associating yourself with BYST as mentors to guide the youth.
  • Referring potential and deserving entrepreneurs to BYST to get supported by this model.
  • Supporting our existing entrepreneurs for vendor development
  • Donating generously to the cause.

Q. How much time does a Mentor require to spend for Mentoring?

A. 2 hours in a month.

Q. What are the basic qualifications required to become a Mentor?

A. He/she should be a professional with sound business expertise and a willingness to contribute to the society.

Q. Does a Mentor have kind of financial liability towards the Bank?

A. No

Q. Is there any Mentor Guidance provided by BYST?

A. There is a Mentor Online Training Program (MOL), which all the new mentors have to go through. This helps them in understanding the mentoring model in BYST. Each new mentor is given one senior mentor as a buddy mentor, who helps him to learn more about mentoring.

Q. What are the benefits for a BYST Mentor?

A. Benefits are:

  • Self-satisfaction
  • Networking
  • Accreditation Certificate given by International Organizations.

Q. How can I offer my services as a mentor if I do not belong to the present operational areas of BYST?

A.  Services offer :

  • Vendor development for BYST entrepreneurs
  • Writing success stories of BYST entrepreneurs
  • Be part of the BYST chat session and contribute in the topics
  • Training programs for BYST entrepreneurs (if you can travel to the city of operation)
  • Contribute articles for BYST Entrepreneur Newsletter
  • Donation

Frequently asked questions in General:

Q. What support does BYST provide?

A.  BYST provide's :

  • If you fall in the criteria laid down by BYST then we can support you with:
  • Loans to start or expand the business to the extent of INR 50 lakhs at low interest rates
  • Mentoring Support provided to each entrepreneur
  • Networking, marketing & participation in business exhibitions.
  • Need based business management training programs & exposure to latest business trends.
  • Recognition through awards

Q. Where can I find current press releases?

A. Web-link to our website can be added to Media coverage page

Q. How do I reach you?

A. Call and/or write to us.

Q. In what regions do BYST exists?

A. Delhi, Haryana, Chennai, Kancheepuram, Hyderabad, Pune and near-by rural areas, Purandar Taluka, Haveli Taluka, Shirval Taluka, Baramati Taluka, Daund Taluka

Q. As an NGO can I directly refer Entrepreneurs to BYST?

A. Yes.

Q. How can I partner with BYST?

A. You can call and/or write to us with your area of interest and the scope of work can be discussed.