government support to entrepreneurs

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  • The National Knowledge Commission (NKC), defined entrepreneurship : the professional application of knowledge, skills and competencies and/or of monetizing a new idea, by an individual or a set of people by launching an enterpriseor diversifying from an existing one (distinct from seeking self employment as in a profession or trade), thus to pursue growth while generating wealth, employment and social good.

  • Number of Government organizations as well as NGOs who conduct EDPs and MDPs.Number of Government organizations as well as NGOs who conduct EDPs and MDPs.

  • Governmental and non-governmental specialized agencies which provide marketing assistance.a single point registration scheme for manufacturers

  • Government accords the highest preference to development of MSME by framing and implementing suitable policies and promotional schemes

  • MSME units with a turnover of Rs. 1 crore or less per year have been exempted from payment of Excise Duty.

    There is an exemption from Excise Duty for MSME units producing branded goods in rural areas

  • Credit to micro, small and medium scale sector has been covered under priority sector lending by banks.

  • Established by Government of India in 1983.

    An apex body for coordination and supervision on activities of various institutes engaged in entrepreneurial development.

    Helps evolution of EDP, model syllabi, effective training strategies, methodology, manuals and tools.

    Activities undertaken: *Organize and conduct training programes. *Coordinate training activities of various agencies/institutes. *Provide affiliation to such institutes. *Hold examinations and confer certificates to trainers and trainees.

  • Three months part time evening courses in management.4-6 weeks part time courses in intensive training in functional areas (marketing, finance).Special courses in quality control, HR, production planning, product development etc.Mobile workshops imparting training on correct usage of tools and equipment.Helps with preparation of plant layouts.Helps individual firms on specific problems faced.

  • Provides apprenticeship for 2 years.Training supervisory staff of SSI up to 2 years.Training to engineers up to 2 years.Training workmen for 12 months.Training to set up own venture.Advice on machinery and components.Production of technologically advanced machines.

  • Develops programmes for entrepreneurial training and development .Develops innovative training techniques for trainers.Focused attention on women entrepreneurs with first such EDP in 1988.EDP for rural entrepreneurship development in U.P and Orissa.Famous for organizing camps on entrepreneurship.Conducted EDP in Sri Lanka, Nepal, Ghana, Kenya etc.

  • Contribution in encouraging women entrepreneurship.Set up womens wing in 1975.This wing assists women in: Getting better access to resources, infrastructure, markets Identify investment opportunities Attending to problems of individual industries Sponsor participation in trade fairs, exhibitions, conferences Organize seminars, training programmes, workshops