learning material ites ed module

7/31/2019 Learning Material ITES ED Module

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NIELIT, Guwahati

Lear ning Mater ial

for

DOEACC ITES BPO (Cust om er Care)

Training Progr am

New Modu le:

(add itiona l modu le t o English Skills, Soft Skills an d IT Skills)

Ent r epr eneur ship & Sma ll Business Development :

(ED)

(35 hrs)

Developed by:

National Institute of Electronics and Information Technology,

(NIELIT) Guwahati

Department of Information Technology,

Ministry of Communications and Information Technology,Govt. of India


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Syllab us For ITES-BPO tr ain ing

MODULE-1 SOFT SKILLS (50 HRS)

MODULE-2 : ENGLISH SKILLS (90 HRS)

MODULE-3 : IT- SKILLS (DOEACC CCC) (80 HRS)

MODULE-4: ENTREPRENEURSHIP & SMALL BUSINESS DEVELOPMENT

(ED MODULE) (35 HRS)

MODULE-4 : ENTREPRENEURSHIP & SMALL BUSINESS DEVELOPMENT

OBJECTIVES: CONCEPTUAL CLARITY AND PRACTICAL EXPOSURE/ WORKING KNOWLEDGE

Deta iled Syllabus:

Module: Entr epr eneu rsh ip Development : (ED) (35 hr s)

1 . P r incip les of Managemen t: (04 h r s)

Basics of Management, Planning, Organizing, staffing, directing and Controlling.

2. Management of Computer ised Accounts: (20 Hrs)

a. Accounting basics, Operating Bank Accounts

a.1 Transaction, Journal Entry, Cash Book, Ledger Book, Trial Balance

a.2 Profit and loss stat ement, Balance Sheeta.3 Accounting Principles - Concepts and Conventions

a.4 Double Ent ry System

a.5 Rules of Accoun ting

a.6 Mode of Accoun ting

a.7 Financia l Statements

a.8 Manual Account ing

a.9 Bank Reconciliation Statement

b. Tally Fundamentals

b.1 In troduct ion to Ta lly

b.2 Featur es of Tally

b.3 Getting Functional with Tally

c. Processing Transactions in Tally

c.1 Ledger s and Gr oups

c.2 Account ing Voucher s

c.3 Contr a Voucher

c.4 Payment Voucher

c.5 Receipt Voucher

c.6 Jour nal Voucher

c.7 Sales Invoice

c.8 Duties and Taxes

c.9 Recording Transaction of Sample Data


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d. Generating and Printing of Accounting Reports/ MIS

d.1 Financial Reports in Tally

d.2 Balance Sheet

d .3 Profit and Loss Account

d.4 Account Books

d.5 Group Summary

d.6 Group Vouchers

d .7 Generat ion of Repor ts.

3. Entre prene urship Development (06 hrs)

Need and objectives, entrepreneurial career planning, object implementation, role of support

agencies, incentives, scope and health measures, business development, project report

preparation, technical enterprises management, management effective customer services

market sur vey.

4. Mar ket ing Skills (05 hr s)

What is selling, pre-sales, the principles of consultative sales, sales call preparation, need

assessment, from greeting to product presentation, handling customer concerns buying signals& closing.


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1.Principles of Management: (04 hrs)

The term MANAGEMENT has been used in different senses. Somet imes it is used in the sense of

managing the group of managerial personnel in an organisation. At other times, management

refers t o the process of planning, organising, staffing, direct ing,co-ordina ting and controlling.

According to Louis Allen Managemen t is what a manager does.

According to Mary Parker Follett Managemen t is a art of gett ing things done through other s.

According to F.W. Taylor : Management is the ar t of knowing what you want to do and then

seeing that it is done in the best and cheapest way.

OBJECTIVES OF MANAGEMENT

Proper utilisation of resources The main objective of management is to use various

resources of the enterprise in almost economic way. The proper use of men, materials,

machines and money will help a business to earn sufficient profits to satisfy various interests.

Improving performanceManagement should aim at improving the performance of each and

every factor of production. The environment should be so congenial that workers are able to

give their maximum to the enterpr ise.

Mobilising b est ta lent . The management should try to employ persons in various fields so

that better results are possible. The employment of specialists in various fields will be

increasing the efficiency of various factors of production. There should be a pr oper environmentwhich should encourage good per sons to join the ente rpr ise.

Planning for future. Another impor tan t objectives of management is to prepare plans. No

management should feel satisfied with todays work if it has not thought of tomorrow. Future

plans should take into consideration what is to be done next. Future per formance will depend

upon pr esent planning .So ,planning for future is essential to help the concern.

SYLLABUS :

Basics of Man agem en t, Plan nin g, Organizing, sta ffing, dir ectin g an d Con tr olling.

DEFINITION OF MANAGEMENT


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1. PLANNING: Planning is the primar y function of management . It is the pr ocess of

determining future course of action in order to achieve result.

Planning involves decision in advance what to be done, where, how and by whom it is to be

done. Planning is looking forward .Planning bridges the gap between where we are and where

we want to go. Selection of the proper or best alternatives out of various alternat ives is the main

theme of planning.

IMPORTANCE OF PLANNING

A. Helps in defining objectives.

B. Reduces uncertainty.

C. Prepares for change.

D. Provides competitive strength

E. Provides criteria for decision-making.

F. Motivates Employees.

G. Facilitates Co-operat ion and cordination.

H. Provides a basis of control

2. ORGANIZING: Organizing is the pr ocess of intregrating the physical, financial &human

resources &establishing the productive r elations between them to accomplish the predetermine

goal.Organising is nothing but a structure created to give successful from of all combine effort.

Organisation is considered to be a process of creating and maintaining organization is the

process of

Identification and grouping of activities.

Assigning duties.

Delegating authorities.

Allocating necessary resour ces.

Establishing co-ordination among individual and various departments of an

organization.

FUNCTIONS OF MANAGEMENT


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3. STAFFING: The function involves manning the positions created by organization

process. It is concerned with human resour ces of an organization.

The staffing consist of the following:

Manpower planning, i.e assessing manpower r equirements in t erms of quantity and

quality.

Recruitment, selection and training:

Placement of manpower.

Development, promotion, transfer and appraisal.

(4)Directing:

Directing is concerned with carrying out the desired plans. It initiates organized and planned

action and ensures effective performance by subordinators towards the accomplishment of

group activities.


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OBJECTIVES OF ACCOUNTING

ACCOUNTING

INTRODUCTION OF ACCOUNTING AND ITS RELATED TERMS

IMPORTANCE

USERS OF ACCOUNTING

2 . Management of Computerized Accounts: (20 Hrs)

Accounting is a process of identifying ,recording, summarizing and reporting economic

information to decision makers in the form of financial statement . According to ICAI

Accounting is the art of record ing ,classifying and summarizing ,in a s ignificant manners and in

terms of money transactions and event which are ,in part at least ,of a financial character and

interpreting the resu lt thereof.

To record permanently, all business t ransaction and

To show the effect of each transaction and also the combined effect of each transactions

for the given period so as to find out the pr ofit the business has earned or loss incurred

,and also to know the correct financial position on a part icular date.

The necessity and importance of accounting can be understood by answering the following

questions :

1.How much we have earned this year?

2.How much we earned during last year?

3.Is our business improving?

4.How much can do we have?

5.How much money we can won?

6.How much other s owe to us?


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TYPES OF ACCOUNTS

GOLDEN RULES OF ACCOUNTING

IMPORTANT TERMINOLOGY

Financial statements will be useful to the following part ies :

1 .Suppliers 2 . Customers 3 . Employees 4 .Banks 5 . Owners . 6 .Govt .

There are three types of accounts maintained for transactions:

a..Real Accounts b..Personal Accounts C..Nominal Accounts

REAL ACCOUNTS Real Accounts are accounts relating to properties and assets, which are

owned by business Concern. Real Accounts include tangible and intangible accounts. For

example. Land, Building, Good will, purchases .cash ..etc

PERSONAL ACCOUNTS Personal Accounts ar e accounts which relate to persons. PersonalAccounts include t he followings..Suppliers, Customers, Lendersetc

NOMINAL ACCOUNTS Nominal Accounts ar e accounts which relate to incomes and expenses

and gains and losses of business concern. For example. Salary accounts, dividend acconts,sales

etc.

REAL ACCOUNTS

Debit What comes in

Credit What Goes Out

PERSONAL ACCOUNTS

Debit The Receiver

Credit The Giver

NOMINAL ACCOUNTS

Debit all Expenses and Losses

Incomes and Gains ar e Cred it

What is Tra nsaction?


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Accounting transaction formed the accounting records for statutory purpose and audit

per sonal. Accounting Transaction is a confirmed monetory action / decision that impact the

entity in monetory terms.

What is journal ent ry and journa l book?

The recording of financial data (taken usually from a journal voucher)pertaining to business

transactions in a journal such that the debit equals credits. Journal entr y

Provides an audit tr ial and means of analyzing the effect of the t ransactions on an organizations

financial position. Journal books are business dairy in which all financial data (taken (usually

from a journal voucher) pertaining to business transaction in a journal such that the debits

equal to credit.

Or

Journal book is a business diary in which all-financial data (taken usually from a journal

voucher) pertaining to the day to day business transaction of affirm is recorded using double

entry book keeping system.

What is Ledger Book?

Collection of an en tire group of similar accounts in double entry book keeping .Also called bookof final entry, a ledger records classified and summarized financial information from

jour nals(the book of first entry)as debits and credit, and shows their curr ent balances.

Date Par ticular s J.R Amount Date Par ticular s J.R Amount

2005

Dec. 17 Cash A/ C 1,200

2005

Dec. 17 Purchases A/ C 2,000


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It appears t hat each account in the ledger has two similar sides - left hand side is called debit

side (briefly Dr.) and r ight hand side (br iefly Cr.) side. Now a days these two words a re not used,because it is obvious that the left hand side is debit side and r ight hand side is credit side.

What is Trial Balance ?

A statement of all debits and credits in a double entry account book, with any disagreement

indicating an err or.

Its a aggregate of all debit and credit balance at the end of an accounting period that shows if

the general ledger is in balance (total debits and equal total credits) before making closing

entr ies and provides the basis for making draft financial statement.

Example

What is Cash Book ?

A financial journal that contains all cash receipts and paymen ts, including bank deposits and

withdrawals. Entries in the cash book are then posted into the general ledger. The cash book is

periodically reconciled with the bank statements as an internal method of auditing.

The following is the simple format of a cashbook:

Date Particulars L.F. Amount Date Particulars L.F. Amount

.

What is Trad ing account?

The trading account shows the income from sales and the direct costs of making those

sales. It includes the balance of stocks at the star t and end of the year.


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Booked only Direct Expenses/ Income

Show Gross Profit/ Gross Loss

What is Pr ofit and Loss Account?

The purpose of the pr ofit and loss account is to:

Show whether a business has made a PROFIT or LOSS over a financial year.

Describe how the profit or loss arose e.g. categorizing costs between cost o f

sales and oper ating costs.

A profit and loss account st art s with the TRADING ACCOUNT and then takes into account all

the other expenses associated with the business

Sample:

TRADING AND PROFIT AND LOSS A/C

FOR THE PERIOD OF MARCH 2011

Particulars Amnt(Rs) Particulars Amnt(Rs)

To,Opening Stock

To Purchese

To All Direct Exp.

To Gross Profit(BalancingFig.)c/d

To Gross Loss b/d

To All Indirect Exp.

To, Net Profit (Bal.fig)

xxxx

xxx

xxxx

xxx

By Sales

By Closing Stock

By Gross loss(bal) c/d

By Gross Profit b/d

By All Indirect income

By Net Loss(Bal.Fig)

xxxx

xxx

xxx

xxxxx xxxxx

xxx

xxx

xxx

Xxx

Xxx

xxx

xxxx xxxx

What is Balance Shee t?

A financial statemen t that summarizes a company's assets, liabilities and shareholders' equity at

a specific point in time. These three balance sheet segments give investors an idea as to what

the company owns and owes, as well as the amount invested by the shareholders.


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The balance sheet must follow the following formula:

Assets = Liabilities + Shareholders' Equity

It's called a balance sheet because t he two sides balance out. This makes sense: a company has

to pay for all the things it has (asset s) by either bor rowing money (liabilities) or get ting it from

shareholders (shareholders' equity).

Each of the three segments of the balance sheet will have many accounts within it thatdocument the value of each. Accounts such as cash, inventory and pr oper ty are on the asset side

of the balance sheet, while on the liability side there are accounts such as accounts payable

or long-term debt. The exact accounts on a balance sheet will differ by company and by

industry, as there is no one set template t hat accurately accommodates for the differences

between different types of businesses.

SAMPLE: BALANCE SHEET

AS ON 31.3.2011

LIABILITIES AMOUNT(Rs) ASSETS AMOUNT(Rs)

Opening balance

Net Profit/Loss(Add/Less)

Capital

Current liabilties

Sundry creditors

Bills Payable

Bank Over Draft

Loan

xxxx

xxxx

xxxx

xxxx

xxxx

xxxx

xxxx

Fixed AssetsLand and buildingLess:Depriciation

Plant and machineryLess:Deprication

Investment

CURRENT ASSETSSundry debtorsCash in hand

Cash at bank

Bad debt

xxxxxxxxxxxxxxxx

xxxx

xxxx

xxxx

xxxx

xxxx

xxxxx xxxxx

Other Importa nt Ter ms in Accounts:

Income - Gener ated from the operations of the business. example: Sales, Services, Fees

Expenses- Amount spent t o get the income

Assets- For long term use in the business, which can indirectly gener ate income. Example:

Machinery, Plant, Building etc

Liabilities-Amount payable by the business to outsiders, owners Example: Creditors, loans etc


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Capita l: Amount invested by the owner s.

Pro fit an d Loss: Net Result of income and expense

Business Ent ity Concept -Business is different from Business Owner

Going Concer n Concep t-Business continues over a period of time

Matching Concept-Classification of transactions into income, expense etc and matching them

Money Measur eme nt All transactions in terms of money.

Historical concept- Cost or mar ket price whichever is less

Form at of a Journ al Entr y

Account Dr

To Accoun t ( Cr )

(Cr is not generally shown)

Example: Cash Account, Capital Account

There are various system of accounting for maintaining business records.

A. Cash System of Accounting:

It is a system in which accounting entr ies are made only when cash is received or paid. No entry

is made when a payment or receipt is merely due. For example, the r ent for December 2009 has

not been paid till January 10the 2010. Under cash basis, rent expense for the month of

December will not be recorded as payment has not been made. Government system of

accounting is mostly on the cash system

B. Single entry system:

This system ignores the two fold aspect of each transaction as considered in double entry

system,under .The single entry system does not take into account the double affect of every

transaction. The ledger contains only the personal accounts of debtors and creditors, all

impersonal accounts such as purchases, sales, wages, carriage, rent etc., are not recorded. Thusthe system does not consider the two fold aspect of every transaction.

C. Double ent ry system:

As per Double Entry System of book-keeping, all the business t ransactions re corded in accounts

have two aspects - Debit aspect (receiving) and Credit aspect (giving). For example, when a

business acquires an asset (receiving) and pays cash (giving) for it. This accounting technique

records each transaction as debit and credit, where every debit has a corresponding credit and

vice versa. In accounting, only business transactions and events of financial nature are r ecorded .

Only transactions that can be expressed in ter ms of money are recorded.

Accounting Concepts

Accounting Systems


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Accounting process begins with identifying and recording the transactions in the books of

accounts i.e., the first step in the Accounting Process is recording of transactions in the books ofaccounts. Accounting ident ifies only those tr ansactions and events which involves money and is

sorted based on various source documents.

The following are the most common sour ce documents.

Cash Memo

Invoice or Bill

Vouchers

Receipt

Debit Note

Cr edit Note

VOUCHERS A voucher is a document in support of a business transaction, containing the

details of such transaction.

RECEIPT

When a trader receives cash from a customer against goods sold by him, issues a receipt

containing the name of such customer , details of amount r eceived with date

INVOICE OR BILL

When a trader sells goods to a buyer, he prepares a sales invoice containing the details of

name and address of buyer, name of goods, amount and terms of payments and so on.

Similarly, when the trader purchases goods on credit receives a Invoice/ bill from the

supplier of such goods.

WHAT IS BANK RECONCILIATION STATEMENT ?

A form that allows individuals to compare their personal bank account records to the bank's

records of the individual's account balance in order to uncover any possible discrepancies.

Business concern maintains the cash book for recording cash and bank transactions. The Cash

book serves the purpose of both the cash account and the bank account. It shows t he balance of

both at the end of a period. Bank also maintains an account for each customer in its book. All

deposits by the customer are r ecorded on the credit side of his/ her account and all withdrawals

are recorded on the debit side of his/ her a ccount. A copy of this account is r egularly sent to the

customer by the bank. This is called Pass Book or Bank statement . It is usual to t ally the firms

bank tr ansactions as recorded by the bank with the cash book. But somet imes the bank balances

Mode of Accounting

Bank reconciliation statement


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as shown by the cash book and that shown by the pass book/ bank statement do not match. If

the ba lance shown by the pass book is different from the balance shown by bank column of cash

book, the business firm will identify the causes for such difference. It becomes necessary to

reconcile them. To reconcile the balances of Cash Book and Pass Book a statement is prepared.

This statement is called the Bank Reconciliation Statement . It can be said that :

Bank Reconciliation Statement is a statement prepared to reconcile the difference between

the ba lances as per the bank column of the cash book and pass book on any given date.

Need of preparing Bank Reconciliation Statement

It is neither compulsory to prepar e Bank Reconciliation Statement nor a date is fixed on which it

is to be prepar ed. It is prepar ed from time to time to check that all transactions relating to bank

are pr operly recorded by the businessman in the bank column of the cash book and by the bank

in its ledger account . Thus, it is prepared to reconcile the bank balances shown by the cash book

and by the bank statement. It helps in detecting, if there is any error in recording the

transactions and ascertaining the correct bank balance on a part icular date.

Advan tages of Bank Reconciliation Stat em ent

Account for Pending Tr an sactions

Reconciling your bank statement is important in the event you have transactions that have not

yet posted to your account. For example, if you only rely on the online tracking, and

you forget that you wrote a check, you could be operating on the assumption that you have

more money than you do. This could lead to denied payments, overdraft fees or other

surcharges.

Account for Bank Fees

Not only is relying solely on the online statement a bad idea, it's also a bad idea to rely entirely

on your records. Some bank accounts have fees or surcharges and if you don't reconcile the

statemen t, you may forget to add them to your r ecords.

Detect Errors an d Frau d

Always consider human errors are fraud. If you don't reconcile your bank statement, you may

miss errors or fraudulent charges. For example, you need to verify there are no double charges

for a service, or that no one has compromised your debit card number and used it for fraudulent

charges. Overall, it is a big advantage to reconcile your bank statement to assure you and the

bank are on the same page.


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Tally is the de facto Accounting softwar e which is used by millions of small and medium size

business houses for their complete accounting solution ,including manufactur ing and invoicing.

Tally contains numerous features and reports to carter to all sorts of business .so, it is natural

that each user will use only a small port ion of such rich and diverse functionalities.

Advan tages of Tally over Man ua l System ?

Posting of transaction can be done without a prior journal entry

Balancing of an account is automatic

Profit and Loss account and Balance sheet is automatically done. No need to separately

close the nominal accounts

Clerical err ors possibility is absolved.

F1.. Select Company

F2.. To change date of voucher and/ or effective date.

F3.. To,choose another select company to enter a voucher.

F4..(Contra entry)This voucher is for fund transfer between cash and bank accounts only.

Though this voucher you can account cash deposits into bank, cash withdrawals from bank and

fund t ransfer between bank account or cash accounts.

F5..(Payment entr y)

The payment voucher is for all payments you make through cash or bank .These payment can be

towards expenses,pur chases,to trade creditors etc.

2.b TALLY FUNDAMENTALS

What is Tally ?

Important Keys for Tally and Voucher types


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F6..(Receipt ent ry)

The receipt voucher is for all receipt into cash or bank a/ c.The voucher is similar to the payment

voucher except that you debit cash or bank accounts and credit the ledger from which you

receive.

F7..Jour na l en tr y

The voucher is an adjustment voucher ,pass a journal voucher when you want to adjust

amounts between two ledger accounts ,without affecting cash or bank accounts.

F8..(Sales en tr y)

The sales voucher is making all credit sales entries .If you make a sale entry through invoice

entry,you need not use the sale voucher.Alternatively ,you can enter sale as asale voucher and

print it out.

F9..(Purches entr y)

The purches voucher is for making all cred it purches entr ies.It is similar to sale voucher with

the exception that you can credit the party and debit the purchase accounts.


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F10..(Memor andum ent ry)

To creat memorandum or reserve journal voucher.

To creat post dated voucher

To creat optional voucher.

F11..(Features )

To change company features.(at the t ime of tax related en try basically)

F12..(Configure)

To change configuration of voucher(application for all compan ies)

Tally provides a list of 28 pre-defines groups,of these,15 are primary groups and 13 are sub

groups.Tally also has pre-defined ledger for cash(under cash in hand)and for profit &loss a/ c

balance(primary).The first nine items in the list of pre-defined groups below affect the balance

sheet ,and the final six items the profit and loss account.

Following items a re a liases for groups na mes with th eir r espective a/ c(For ledgercreation)

NAME OF ACCOUNT UNDER GROUP A/C

CAPITAL ACCOUNT CAPITAL ACCOUNTPROFIT AND LOSS A/C CAPITAL ACCOUNTDRAWINGS A/C CAPITAL ACCOUNT

BNANK A/C CURRENT ASSET(IN GENERAL)

BANK A/C (IN CASH BOOK)CASH A/C CURENT ASSET (IN GENERAL)

CASH IN HAND(IN CASH BOOK)

BILLS RECEIVABLE A/C CURENT ASSETCLOSING STOCK CURENT ASSETOPENING STOCK DOCASH A/C DOBILLS PAYABLE CURENT LIABILITIESLOAN PAYABLE DOzOVER DRAFT DODEPRICIATION A/C INDIRECT EXPENSESDISCOUNT PAID A/C DOOFFICE RENT INDIRECT EXPENSESSALARY A/C DOPRINTING AND STATIONARY DOELECTRICITY BILL DOINSURANCE PREMIUM DOTAX AND DUTY DOOFFICE STUFF WELFARE A/C DOWAGES DIRECT EXPENSESTRADING DOFRIGHT A/C DOFACTORY RENT DOCARRIAGE A/C DOFURNITURE FIXED ASSETSPLANT AND MACHINERY DOLAND AND BUILDING DOINVESTMENT INVESTMENT ACCOUNTBAD DEBTS A/C PROVISIONS A/CPURCHES A/C PURCHASE A/C

IF WE HAVE TO CREAT ANY NAME ACCOUNT THAN IT COMES IN SUNDRY DEBTORS(at the

time of sales)ANDSUNDRY CREDITORS (at the time of purchese).

Defined Groups of Tally:


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Press ALT+F3 after thatenter company name..and fill the all required data..andpress enter until the option come ACCEPT YES/NOnd ACC it(accept).

Gate way of tally->accounts info->ledger->name->enter and specified the group in under

category .

Creation of ledger

Steps of Creating a Company:

Steps of Creating a Ledger:


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After learned creation of a company, working with accounts group and ledgers we have to learn

recording transaction in tally. Transaction is recorded in voucher.

Gate way of tally->Accenting voucher->press respective voucher type..(like

f5,f6,f7.)->and put respective transaction.

Alter Voucher type

Accounts info->Voucher type->Alter

To alter an existing voucher type, select this option, choose the voucher type from list that

would open in alterat ion mode to carry out modification the fields ar e similar to creation exceptthat t he option as default does not appear in alterat ion mode.

DISPLAY VOUCHER TYPE

Accounts info->Voucher type->Display

(1 ) JOURNAL ENTRIES

A) Jan1..Start ed business with Rs 10000,paid into bank Rs.5000.

B) Jan2..Bought office furn iture for Rs.900

C) Jan3..Purchase goods from koyal for Rs.4000

D) Jan5..Sold goods for RS.1700

E) Jan7..Paid telephone rent for the month of Rs.400

F) Jan8..Purchase goods for Rs.1000 from Aditya

G) Jan10.paid Rs.160 for advertisement by cheque.

H) Jan 11.Bought one type writer for Rs.750from universal typewriter Co.on credit

I) Jan 12.Sold goods to Paras Rs.2900

J) Jan16..Sold goods to Omega & Co.for Rs.650 for cash.

K) Jan25.Receive cash from Paras Rs.2850,discount allowed Rs.50L) Jan26.Deposited into bank 2500

M) Jan 27.Issued cheque for Rs.500 in favour of land lord for the r ent

N) Jan 30 Paid salary to staff Rs.600

O) Jan 31 Issued cheque for Rs950 in favour of Aditya in fullsettlemen t of his a/ c

( 2)JOURNAL ENTRIES

A) Start ed business with a capital borrowed from his friend Nidhiram Rs.25000

B) Bought machinery Rs.6000

C) Bought Goods for Cash From KalipadaRs.3400

D) Sold goods for cash to Ram Rs2500

Accounts Vouchers:

The Steps of Creating a Voucher Type and recording it:

Problems:


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E) Purchase goods from Bidya Rs.4500

F) Cash sales Rs.5100

G) Deposited cash into bankRs.6000

H) Paid Bidya in full settelement of her a/ c Rs.4350

I) Sold goods to Gorachand Rs.3600

J) Paid carriage on sale of goodsRs.200

K) Gora chand set tled his a/ c fully by Chequ e Rs.3550

L) Paid rent by chequeRs.400

M) Paid inter est to Nidhiram in 500 in cash

1)Prakash started business on 1st feb 2004and with Rs.1000 in cash as his

capital.Follwing are his cash t ransaction for the month wr ite up a single cash book.

Feb.1. Purchase goods for cash worth Rs.225

Feb 2. Paid to pr iyaRs.52

Feb 3. Receive from Rumi on a/ c Rs,87

Feb 5. Cash sales Rs.385

Feb 7. Adi paid Rs.42

Feb 8. Bought office sta tionary for Rs.15Feb12 Purchase goods for cash worth Rs.225

Feb13 Cash sales Rs.205

Feb15 Receive from Champa on account Rs.87

Feb16 Withdr aw from business for personal useRs250

Feb18 paid electricity Charges Rs.40

Feb19 paid wages Rs.144

Feb20 Paid office salar ies Rs.230

Feb22 Bought postal stampsRs.15

Feb28 Paid office ren t Rs.100.

Prob3

Enter following transaction in a double column each book of Mr Tarachand having Cash

&discount columns& carry out the post ing for aug 2004.

1)Purchase goods from Yash for cash Rs 750.

2)Receive from sajan Rs 980,discount a llowed Rs20

3)Paid to Raj Rs.290,Discount Received Rs 10

4)Purchase goods for cash Rs.400

5)Paid to Simi Rs760,discount availedRs40

6)cash sales Rs 1000

7)Purchase furn iture for cash Rs.250

8)Paid wages Rs.509)Paid rent Rs.150

10)Paid to Dipan Rs.380,discount Receive Rs.20

Problems in Cash Book

Double Column Cash Book

Inventory Selection with VATUnits of Measure Creation


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GATE WAY OF TALLY->INVENTIRY INFO->STOCK GROUPS->ENTE THE NAME OF

THE STOCK GROUP>ENTER>SELECT THE GROUP FROM THE LIST OF GROUPSIN

UNDER>ENTER>

GATE WAY OF TALLY->INVENTIRY INFO->STOCK ITEMS->ENTE THE NAME OF THESTOCK ITEM>ENTER>ENTER THE GROUP FROM THE LIST OF GROUPIN

UNDER>ENTER>ENTER THE QUANTITY FOR OPENING BALANCE>ENTER THE

RATE FOR OPENING BALANCE >ENTER/Y

NOTE:To Move between units creation ,stock groups creation and voucher types creation

directly, click obn the short cuts provided at right hand side of the screen, or use

Clt+U,Clt+G,Clt+I,Clt+V for units, groups, items and voucher type respectively. This provision is

same in case of creat ion Display and alter ation At voucher type creat ion, Clt +G and Clt+L

only is available on shortcuts for groups and ledger respectively.

UNITS OF MEASURE

In tally ther a re two types of Units..a)Simple unit b)Compound units

Example of simple unit:- K.G(Kilogram),GM(gram),Lt(liter ),ml(milliliter ),No.(numbers)

qtl,Doz(Dozen)

Example of compund unit: Bottel of 500 ml,bottle of 2 lt,packet of 100 gm,packet of 500

gm,packet of 100 ml, box of 100 nos.

Example Group Item

RICE

DAL ---MAGURMURARAHA

M>OIL ..NIVAZ.ANUPAMDHARA

VAT

For any tax/vat calculation .press F11..Company features

!Acconnting featuresInventory Features

Statutory & taxation (press)

ENABLE VALUE ADDED TAX=yes

KRTJOHAIJONG

Stock Item Creation


23/38

SET/ALTER VAT DETAILS= YES

F11

At the time of purchase we creat two ledger1> INPUT VAT @ 4%(Mention Percentage)

(Under Duties and TaxesType of Duties and Taxes=VATVAT/TAX class =Input Vat @4%)

2>PURCHASE VAT@4%(Mention Percentage)(Under Purchase a/c

Used in VAT Returns=YES)

Also at the time of sale we creat two ledger

1> UTPUT VAT@4%(Mention Percentage)(Under Duties and TaxesType of Duties and Taxes=VATVAT/TAX class =Output Vat @4%)

2>SALES VAT@4%(Mention Percentage)

Under sales a/c

Used in VAT Returns=YES

IN THE VOUCHER PRESS F12

Use Common Ledger A/C For Items Allocation=NO

ALLOW SELECTION OF VAT/TAX CLASS DURING ENTRY=Yes.


24/38

Britania-

Units-pkt

Alternat unit-Bx

Where 1BX=10pkt

Rice

Unit-Kg

Alt units qtl

where 1 qtl=100kgIn the voucher

Press F12

Use common ledger A/C for item Allocation = No.

Allow selection of VAT/Tax class During Entry=YES

EXAMPLEM/ S ASSAM ENTERPRISE DEALS WITH VARIOUS ITEMS.ITS VAT REGISTRATION NO.IS

41 30 / 432412.FOLLOWING ARE THE PURCHASE AND SALE DATA FOR FINANCIAL YEAR 20 06-200 7

.COMPUTE THE VAT PAYABLE OR REFUNDED BY THE ENTERPRISE.

PURCHASE DATA

STORE NAME ITEM RATE QTY

M/S

DATAMISION

COMPUTER HCL

HP DJ PRINTER

HP LASER PRINTER

21000

5000

10000

10 NOS.

5 NOS.

5 NOS.


25/38

M/S AKASH

ELECTRONICS

COMPAQ COMPUTER

LG MONITOR

SAMSUNG MONITOR

LG KEYBOARD

FRONTECH

KEYBOARD

25000

5000

5100

300

250

10 NOS.

10 NOS

12 NOS

12NOS.

12 NOS.

M/S GUWAHATI

STORE

LAFARGE CEMENT

STAR CEMENT

TISCON ROD

BISCON ROD

250

240

3200

3000

100 BAGS OF50

KG

DO

100 QTL

100 QTL

M/S SS

ASSOCIATION

BRITANIA

BISCUITS

NIZONE BISCUITS

JOHA RICE

IJONG RICE

LIV 52

100

90

2000

1800

60

20 BOX OF 10

PKT

DO

10 QTL

10 QTL

24 BTKS OF

200 ML

M.S RATNA

BHANDAR

GOLD

SILVER

9000

500

10 CARAT

10 CARAT

SALES

M/S ANJAN

KUMAR

HCL COMPUTER 22000 9 PCS

M/S SURESH

KUMARBRITANIA

BISCUITS

JOHA RICE

IJONG RICE

LIV 52

10

22

20

65

70 PKT

10 KG

10 KG

20BTLS


26/38

M/S SHAKEEL

AHMED

STAR CEMENT

LAFARGE CEMENT

TISCON ROD

GOLD

COMPAQ COMPUTER

NIZONE BISCUITS

IZONG RICE

250

300

3500

10000

27000

12

20

40 BGS

20 BGS

5 QTL

9 CARAT

9 NOS

15PKT

20 KG

PRAKSH SAHA LG KEY BOARD

LG MONITOR

SILVER

BRITANIA BISC

LAFERGE CMNT

TISCON ROD

350

5500

600

12

270

3300

12 NOS

9 NOS

9CARAT

90 PKTS

80 BGS

90 QTL

PRADIP JHA STAR CEMENT

BISCON ROD

260

3000

50 BAGS

90 QTL

VAT RATE:

AGRICULTURE PRODUCT=EXEMPTSILVER/GOLD= 1%CONSTRUCTION MATERIALS=12.5%ELECTRONICS GOODS=40%OTHER ITEMS=4%


27/38

PROBLEM ON CENTRAL SALE TAX(CST)

Doeacc society Guwahati purchase the following items from SONY SYSTEM LTd,New DelhiSL No ITEM RATE(Rs) QTL01 Sony Handycam 35000.00 10pcs02 Sony dvd player 12000.00 15pcs03 Sony tv 16000.00 15pcs04 Sony Cd 250.00 10bx of 10 pcs

The rate of CST for above item =3%

DOEACC society Guwahati sold the following item to Doeacc Kolkata(West Bengal)

SL No ITEM RATE(Rs) QTL01 Sony Handycam 37000 4pcs02 Sony dvd player 15000 3pcs03 Sony tv 17500 6pcs04 Sony Cd 350 5 bx of 10pcs


Doeacc society Guwahati sold the following item to Doeacc Tezpur

SL No ITEM RATE(Rs) QTL01 Sony Handycam 37000 5pcs02 Sony dvd player 15000 4pcs03 Sony tv 17500 7pcs04 Sony Cd 350 5 bx of 10 pcs


Process

Before ledger Press F11(&Process of as written in VAT Calculation)Enable value Added Tax-YESSET/Alter VAT DetailsYES

LEDGER INPUT CST(Under Duties And Taxes)PURCHASE CST(Under Purchase a/c)

OUTPUT CST-(Under Duties And Taxes)

SALES CST (Sales a/c)

TYPE OF DUTY?TAX=CST

DEFAULT VAT?TAX CLASS=Inter State sales

PERCENTAGE ON CALCULATION(EX..5%,3%,4%)

On Total SalesIN PURCHASE CST->

Used in VAT returns Yes-Inter sate purchases


28/38

UNIT1.CONCEPT AND NATURE OF ENTREPRENEURSHIP

A.DEFINITION. B..NATURE OR CHARACTERISTICS OF ENREPRENEUR.C.FUNCTIONS OFENTREPRENEURSHIP.D.CLASSIFICATION OF ENTREPRENEURS

E.QUALITIES OF AN ENTREPRENEURS

UNIT2.PROMOTION OF A BUSINESS

A.DEFINITION OF PROMOTION AND PROMOTER B.STAGES OF PROMOTIONC.KINDS OF PROMOTERS D.ASPECTS OF PROMOTIONPROCEDURAL ASPECTS..AND

..LEGAL ASPECTS.

UNIT3.ENTREPRENEURSHIP DEVELOPMENT PROGRAMME

A.MEANINGS OF EDP.B.OBJECTIVES OF EDP C. STEPS FOR STARTING SMALL

SCALE INDUSTRIES.D.SUPPORT INSTITUTIONS AND ROLE OF GOVERNMENT IN

SUPPORTING ENTREPRENEURSHIP

ENTREPRENEURSHIP DEVELOPMENT(06 hrs)

SYLLABUS


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Entrepreneurship can be defined by describing what entrepreneurs do. For example:

"Entrepreneurs use personal initiative, and engage in calculated risk-taking, to create new

business ventures by r aising resources to apply innovative new ideas that solve problems, meet

challenges, or satisfy the needs of a clearly defined market."The entrepreneur is often

associated with a person who star ts his own ;new and small business .

Who Are Entr epr eneu rs?

An entrepreneur may be referred to such a single person or agroup who promote a new

enterprise by collecting various factors of production and bearing the risk arising out of such

venture.

Definitions of ent re pr eneu r

An ent repreneur is an individual who takes moderat e r isks and brings innovation.

An entrepreneur is a person who has possession of a new enterprise, venture or idea and

assumes significant accountability for the inherent risks and the outcome. An entrepreneur is

"one who undertakes an enterprise, especially a contractor, acting as intermediately between

capital and labour ."

The followings are the characterist ics of an ent rep reneur.

1 . In n ova to r: An entrepreneur is the person who innovates new things such as new

methods of production, new marketing techniques, new sources of raw materials, new

methods of working etc. So entrepr eneur to do something new which was not done

earlier.

2. Procuring factors of production : An entrepreneur procures various factors of

production for manufacturing a product or bringing out a service. He makes

arrangements for land, labour, capital, raw materials etc. required for setting up a

production process in motion.

CONCEPT AND NATURE OF ENTREPRENEURSHIP

Definition

Nature or Characteristics of Entrepreneur


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3. Skil lfu l person : An ent repreneur has to arr ange various factors of production and co-

ordinate the activities of various employees. He should be a skillful person so that he is

able to synchronies var ious activities of the association.

4 . Decis ion maker: An entrepreneur has to take decisions with regard to the

establishment of business, its management and co-ordination of various resources.

Every activity of the business requires decision making. Entrepr eneur is the per son who

should take decisions by assessing various pros and cons so that no problem ar ise later

on.

5 . Pla n m ak er : Planning is one of the important functions of an entrepreneur. He

formulates the basic plan of the organization. With the help of planning, other functions

like organization, co-coordinating,controlling are undertaken.

.

FUNCTIONS OF AN ENTREPRENEUR

Principal function

Principal function

1.Discovery of an id ea :A person or a group of persons having entrepr eneurship and business

acumen conceiv idea of ventur ing an organization .such idea may relate to the formation of new

business unit ,diversification of an existing unit ,relationsation of an enterprise e tc.

2.Planning :Planning is the first step in the direction of setting up of an enterprise .The

entr epreneur prepares a scheme of proposed project in a formal systematic approach.

3.Organising: An entrepreneur co-ordinates, complies ,assembles and supervises land ,labour

and capital during the initial stage and at the performance stage, for optimum utilization of

recourses.

4. Decision m ak ing.: An ent repreneur as a decision maker takes various decision regarding

the following:

Principa l function s

1.Discovery of an idea

2.Planning

3.Organizing

4.Decision making

5.Management

6.Innovation

7Risk beraing 8.Uncertanity

bearing

Seconda r y Fun ctions

1.Diversification of

production

2.Expansion programme

3.Employer employee

relations

4.Tackling labour

problems

5.Co-ordinat ion with

Othe r function s

1.Management of

resources

2.Dealing with public

and bureaucracy

3.Acquiring factor y unit

4.Engineering

5.New product

6.Parallel opportunities

7. Marketing

Nature or Characteristics of Entrepreneur


31/38

a. Ascerta ining the objective of the en terprise.

b.Final decision regarding procurement of machinery,materials,men,money and market.

c. Decision regarding appropriate technology, new equipments,etc

d. Decision on marketing product.

5.Management: An entr epreneur needs to manage not only the working of the venture but also

managing the day to day problems of the enterprise.It includes future expansion, growth andpolicies of the organization.

6.Innovation: Innovation may occur in any one of the following five forms.

Market ing of a new product

New technology in production.

Creation of new market.

Discovery of new and better mater ials

Creation of monopoly or breaking up monopoly.

7. Risk b ear ing: An entr epreneur undertakes the responsibilities for loss that may arise due to

unforeseen contingencies in future . He guarantees interest to creditors, wages to labour and

rent to the landlord and the total risk can not be insured.

8. Uncertainty bearings: Entrepreneur bears uncertainty and it refers to the uncertain trends

of market ,trade credit etc, which by nature can not be insured.

CLASSIFICATION OF ENTERPRENEURS

1.INNOVATING ENTREPRENEURS

These entrep reneur s are generally aggressive in experimentat ion who exhibit shrewdness in

putting attractive possibilities into practice .this type of entrepreneurs new goods ,new devices

,new method of production, open new markets and reorganize the enterpr ises.

2.IMITATING ENTREPRENEURS

These entrepreneurs adopt the methods techniques already successfully executed by

innovating entrepr eneurs. They are ready to follow whatever useful appears. They are ready to

follow whatever useful appears. They are also an important class of entrepreneurs with a

difference that they do not innovate the changes themselves, they just imitate t he techniques

and technologies developed by other s.

3.FABIAN ENTREPRENEURS

Fabian entrepreneurs are characterized by caution and skepticism in practicing any change.

They are neither interested in innovating or imitating others. They go on using traditional

methods of production .They are averse to any change and shy and lazy.

4.DRONE ENTREPRENEURS


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These entrepr eneurs are characterized by rigid and or thodox way of pursuing the t hings .They

are not pr epared to follow anything new. They want to continue with the same outmoded

techniques even they are r unning losses.

Being an entrepreneur is about more than just starting a business or two, it is about having

att itude and the dr ive to succeed in business. All successful Entrepreneurs have a similar way of

thinking and posses several key personal qualities that make them so successful in business.

Successful entrepreneurs like the ambitious Richard Branson have an inner drive to succeed

and grow their business, rather than having a Harvard Business degree or t echnical knowledge

in a par ticular field.

All successful entrepreneurs have the following qualities:

Inner Drive to Succeed Entrepreneur s are driven to succeed and expand their business. They

see the bigger picture and are often very ambitious. Entrepreneurs set massive goals for

themselves and stay committed to achieving them regardless of the obstacles that get in the

way.

Strong Belief in themselves Successful entrepreneurs have a healthy opinion of themselves

and often have a st rong and asser tive personality. They are focused and determined to achieve

their goals and believe completely in their ability to achieve them. Their self optimism can often

been seen by others as flamboyance or arrogance but entrepreneurs are just too focused to

spend too much time thinking about un-construct ive criticism.

Sear ch for New Ideas and Innovation All entr epreneur s have a passionate desire to do things

better and to improve their products or service. They are constantly looking for ways to

improve. They're creat ive, innovative and r esourceful.

Openness to Change If something is not working for them they simply change. Entrepreneurs

know the importance of keeping on top of their industry and the only way to being number one

is to evolve and change with the times. They're up to date with the latest technology or service

techniques and are always ready to change if they see a new opportunity arise.

Competitive by Nature Successful entrepreneurs thrive on competition. The only way to reach

their goals and live up to their self imposed high standar ds is to compete with other successful

businesses.

Highly Motivated and Energetic Entrepreneurs are always on the move, full of energy and

highly motivated. They are driven to succeed and have an abundance of self motivation. The

high standards and ambition of many entrepr eneurs demand that they have to be motivated!

Qualities of an Entrepreneur


33/38

Acceptin g of Const ru ctive Crit icism an d Rejection Innovative entrepreneurs are often at the

forefront of their industry so t hey hear t he words "it can't be done" quite a bit. They readjust

their path if the criticism is constructive and useful to their overall plan, otherwise they will

simply disregard the comments as pessimism. Also, the best entrepreneur s know that rejection

and obstacles are a par t of any leading business and they deal with them appr opriately.

UNIT 2

DEFINITION OF PROMOTION

The promotion of every business requires a process to be followed. A number of formalities

have to be completed before a unit can come into existence. The length of process and the

number of formalities vary with the type of organization and scale of operations. It is easy to

start sole tr ade and partner ship concerns but a joint stock company requires lengthy process.

According to L.H .Haney, :Promotion may be defined as the process of organistion and

planning the finance of a business enterpr ise under t he corporate form

DEFINITION OF PROMOTERS

A promoter s conceives an idea for setting up a par ticular business at a given place and per forms

various formalities required for starting a company. A promoter may be an individual ,firm,

association of persons or a company. A promoter may be an individual ,firm, association of

persons or a company. The persons who assist the promoter in complting various legal

formalities are professional people like cunsels, solicitors ,Accountants etc.and not p romoters.

STAGES OF PROMOTION

1.DISCOVERY OF AN IDEA: The first stage in a company promotion is the conception of an

idea. The idea may be to exploit a new ar ea of natural resources or more p rofitable ventures in

an existing line of business. He develops an idea with the help of technical exper ts in t hat field.

2DETAILED INVESTIGATION: At t he second stage various factors relating to that business are

studied from a practical point of view. The promoters will estimate total demand for the

product. There may be certain concerns already in that type of business and so he will

determine his share of demand. After determining the prospective demand for goods he will

think of arranging finances for the ventur e.

3ASSEMBLING THE REQUIREMENTS: After making sure that the proposition is practical and

profitable, the promoter proceeds to assemble the requirements. He persuades some more

PROMOTION OF A BUSINESS


34/38

persons t o join hands with him by becoming directors or founder members. If he has invented

something new, he should get it registered in his name.He may also acquire some patent r ights.

4FINANCING THE PROPOSITION: The promoter decides about the capital structure of the

company. The requirements of finances are estimated first.Then the sources from which this

money will come are determined .How much share capital will be issued ,the type of sharwe to

be issued ,and nature of the loans, whether debentures or borrowings from financial

institu tions for a longer t ime per iod all are finalished.

KINDS OF PROMOTERS

The promoters may be following types :

1 .Professional Promoters: These are the persons who specialize in promotion of companies.

They hand over the companies to share holders when the business starts.

2.Occasional p rom oter s: These promoters take interest in floating some companies. They are

not in promotion work on a r egular basis but ta ke up the promotion of some company and thengo to their earlier pr ofession. For instance, Engineers , lawyers etc.may float some companies .

3.Financial Promot ers. Some financial institution or financiers may take up the promotion of a

company. They generally take up this work when financial environment is favourable at the

time.

4.Man aging Agent As a Prom ote rs :In India, managing agents played an importing role in

promoting new companies and then got their Managing Agency right.

ASPECTS OF PROMOTION:

Promotional aspects may be divided into two categories:

1.Procedural decisions relating to planning and organizing a business (entrepreneurial

decisions}

2.Legal Aspects.

Procedur al Aspects

Business activities were limited and simple before industrial revolution. Goods were generally

produced for local markets. The arranging of various factors of production was nat a difficult

proposition.The procurement of various requirements,i.e,capital,raw materials,labour,etc.and

disposal of finished goods were all local issues. The industr ial revolution in the west change the

methods of production .The arranging of production on a large scale required procurement of

various factors of production on similar scale. Moreover, competition for the sale of goods has

become another impor tan t factor. the complexit6ies of business have increased manifold.

The main aspects generally confronted by business enterprise at the t ime of establishment

are


35/38

1.Product Analysis 2.Marketing Products.3.Financial Planning 4.Size of business Unit 5.Internal

organization 6.location of the unit. 7.Plant layout. 8.Launching an enter prise.

Legal Aspects .

Legal aspects of promotion deals with the formalities required for setting up abusiness .A join

stock company requires a number of legal formalities before it can be set up.It has to deal with

the following aspects:

A. Registration or Incorporation

B. Capital Subscription.

C. Commencement of Business.

Steps for incorpor ating a compa ny. ..

A. Application For Approval of Name.

B. Preparat ion of Memorandum of Association (MOA)

C. Preparat ion of Art icles of Association (AOA)D. Preparation of Other Documents.

E. Payment of Fees.

F. Incorporation Certificate

UNIT 3:

MEANING OF EDP

Entrepreneur ial development programmed is developed to help a per son in strengthening his

Entrepreneurial motive and in acquiring skills and capabilities necessary for playing his

Entrepreneurial role effectively.it is necessary to promote enterpreneurials understanding of

motives, motivation pattern ,their impact on behavior.

Object ive of EDPs

Develop and strength their entr epreneur ial quality.

Analysis environmental set up re lating to small indust ry and small business.

Select pr oduct

Formulate project for the product

Know pros and cons in becoming an entrepreneur s

Develop a broad vision about the business.

Pha ses of EDPs

1) Pre- training Phase

a) Selection of entrepreneurs

b) Arrangement of infrastr ucture

Entrepreneurship Development PROGRAMME


36/38

c) Tie-up of guest faculty for the training purpose. Like that

2) Training Phase

a) Purpose of training is to develop need for achievement

b) Role play as like entrep reneur

3) Post-training Phases

a) Follow- up

b) Review the pre- training work

c) Review the pr ocess of training programmes and

d) Review past tr aining approach

Steps to be taken Agency to be contacted

1. Product selection and preparation of Projectreport.

District Industries Centre/ Small Industries serviceInstitutes/ Technical consultancy agencies like CERI forspecified products.

2. Obtaining provisional or permanent registrationDistrict Industries centre/ Department of Industries andCommerce

3. For obtaining developed plots for constructionof a factory for obtaining shed in IndustrialEstates or ownership/ rental basis

District Industries Centres.

4. If agricultural land is to be used for industrialpurpose and permission from Thasildar toconcluded lease deed

Small Scale Industries Development Corporation

5. Obtaining licenses for the plan et.cRespective Corporation/ Municipality Punchayat, where theunit is to set up.

6. No objection certificate from pollution Respective State pollution control Boards.7. Registrat ion under the Factories Act Chief Inspector of factories and Boilers

8. Finance Commercial Banks/ IndustrialCooperative Bank

State finance Corporations for term loans

9. Registration for sales tax State Commercial Tax Office

10. Water Supply Water supply and sewage Board

11. Power Connection State Electricity Board

12. Processing congrolled raw material Joint Director (SSI)

13. For imported raw materials/ machinery andcomponents

The Joint Chief Controller of Imports and Exports

14. Obtaining machinery on hire /purchaseNational Small Industries Corporation (NSIC) RegionalOffices.

15. Foreign CollaborationThe foreign Investment promotion board, Ministry ofIndustrial Development, Govt. of India

16. ISI Certificate Bureau of Indian Standards Institution, New Delhi

17. Patent Right The Controller of Patent and Designs

18. Registration of Trade Marks Registrar of Trade Marks

19. Marketing Assistance

Internal Marketing

Export Marketing

Respective State Small Industries Marketing Corporation

Export Promotion Council /CellTrade Development authorityState Trading CorporationExport Credit Guarantee Corporation and Export Inspectionagency.

20. Testing, Training and other extension facilitiesSmall Industries Service Institutes and Regional TestingLaboratories

21. Product Development Assistance Project and product development

Steps for Starting small scale Industries


37/38

Commercial banks

IDBI

IFCI

ICICI

LIC

UTI

SFCs

SIDBI

EXIM BANK

Support Institutions

NSIC

SIDO

SSIB

SSIDC

SISIs

DICS

INDUSTRIAL ESTATES

1 . Ce nt r e for In n ova tion , In cu ba tio n&

Entr epr eneur ship (CIIE) - IIM

Ahmedabad

Set up in 2001

Since inception CIIE has 15-odd innovations grow out of the

incubation centr e in varied technologies

FINANCIAL INSTITUTIONS: Some Examples

Entrepreneurial Initiatives in India- Top Incubation Center


38/38

2. Society for Innovat ion and Entrepreneurship (SINE)-I IT Bombay

Set up in 2004

It currently has 16 companies under its incubation programme

3. Cell for Tech Innovation, Development & entr epreneu rship support- IIT

Chennai

Set up in 2000

Organises national level competitions, Breakthrough (general

business plan competition) and Genesis (social entrepreneurship

plan competition)

4 . Socie ty fo r Innova t ion and Deve lopment (SID) - IISc, Ban galor e

o Set up in 2006

o The investigator is given a seed capital for Rs 20 lakh a year fortwo years as soft loan for the approved plan

5. The SP Jain Centre for Entrepreneurship Development- SPJIMR

o 16-week 'Start Your Own Business' programme-a public programme heldevery six months .

6. Technology Business Incubator (TBI) -BITS Pilan i

o In association with DST, BITS has established Technology Business

Incubator in t he area of embedded systems and VLSI design back in 2004

o So far, TBI has helped spawn t en companies.

7. Technology Incubation and Entrepreneurial Training Society (TIETS) IIT

Kharagpur

o Set up in 2005, So far, the institute has been able to incubate two companies

through

Concipio over the last t hree years . Besides, an in house panel has helped11-12 ventures take wing

8 . Nirma Labs, Nirma Un iver sity, Ahmedabad

Established in 2004 , Nirma Labs used to pr ide itself in a three-step model forstudents who were interested to start their own businesses-training,incubation and funding