It is a national level apex organization of young entrepreneurs. It assists in promoting new
enterprises through first generation entrepreneurs. NAYE sponsored an Entrepreneur Development
Scheme with Bank of India in August 1972 on pilot basis. The scheme is known as BINEDS. It is
operative in the states of Punjab, Rajasthan, Himachal Pradesh and Union Territories of Chandigarh
and Delhi. NAYE has entered into similar arrangement with Dena Bank, Central Bank Of India and
Union Bank of India .NAYE strives hard for upliftment of young entrepreneurs especially women.
It holds workshops, conferences, training programmes etc. to create awareness in entrepreneurs.
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