Guidelines for YOTA’s Entrepreneurs

l       Entrepreneurs will be Tibetans aged 18-35 with good credit record

l       Entrepreneurs must have knowledge about their business

l       Proposed business should be viable & sustainable

l       Proposals to be submitted to the Trustee Board

l       The project must have co-relation with market demand, and with adequate marketing plan

l       Upper limit of the fund will be Four lakhs (£ 5, 000/-). Half grant and half loan

l       YOTA will own the purchased for set up i.e. machines, computers, furniture, etc. and carry the insurance

l       The entrepreneur takes the ownership of these items after the working capital is repaid

l       The loan will be repayable 1-3 years with an 1% interest

l       Business accounts will be monitored every six months during the loan repayment period

l       Entrepreneurs will be expected to contribute between 10%-25% of the total funding at the discretion of the Trustees

l       Entrepreneurs will be required to sign appropriate legal documents

l       Funded Entrepreneurs to avail their service to YOTA (specially for talks and as a role model to new entrepreneurs)