1 institutional support for entrp development

INSTITUTIONAL EFFORTS AND ROLE OF GOVERNMENT IN DEVELOPING

ENTERPRENUERSHIP

After Independence it was found that most of the industrial growth was limited to a few areas and confined to few top business houses .

Government decided to encourage entrepreneurial activities and ventures through various incentives in both industrially backward and rural areas.

Various agencies and institutions were engaged in entrepreneurship development activity . Main thrust of these was to provide technological , financial , market and morale support to the potential s of entrepreneurs, who act as catalyst agents of change .

NATIONAL INSTITUTE FOR ENTREPRENEURSHIP AND SMALL BUSINESS DEVELOPMENT

1)Highest body 2)Entrusted the task of coordinating the activities of different agencies engaged in the task of entrepreneurship development.3)Confines it’s training activities to such areas where no organisation is coming forward for organising programmes and which is totally new.4)Aims at creating conducive environment for emergence of entrepreneurship.

FUNCTIONS OF THIS ORGANISATION:

Evolving effective training strategies and methodology. Formulating scientific selection procedure. Developing training aids, manuals and other tools. Facilitating and supporting agencies engaged in entrepreneurship development . Conducting such programmes which are not undertaken by other agencies. Maximising their benefits and accelerating the process of entrepreneurship development. Organising all those activities that help develop entrepreneurial culture in society.

ENTREPRENEURSHIP DEVELOPMENT INSTITUTE OF INDIA

It is a national institute set up by Public Financial Institutions and Government of Gujrat. It promotes research , training and institution building activities by encouraging active participation of backward areas and special target groups in entrepreneurship.

IT CONSISTS OF FOLLOWING STEPS:

Selecting potential entrepreneurs. Achievement motivation training . Product selection and project report prepration. Business management training. Practical training and work experience. Post training support and follow up.

Various state governments in association with all India financial institutions have promoted various technical consultancy organisations to provide technical consultancy and training to prospective entrepreneurs . These organisation provide a comprehensive package of services to potential entreprenuers .

TECHNICAL CONSULTANCY ORGANISATION

MAIN FUNCTIONS OF SUCH ORGANISATION:

Finding out industrial potential . Undertaking feasibility studies and preparing project profiles. Undertaking techno economic survey. Conducting marketing research. Locating prospective entrepreneurs and imparting technical and managerial training. Helping entrepreneurs in updating and uprating.

It aims to provide assistance to entrepreneurs right from starting of their enterprise to successful management of same.

It is an autonomous , non profit centre promoted and supported by the Government of India . It aims at promoting mutually beneficial joint venture between Indian and Foreign entrepreneurs. It provides relevant information to the foreign investors , desirous of making investment in our country . It promotes collaborations between Indian and foreign entrepreneurs.

INDIAN INVESTMENT CENTRE

Besides these there are several other important institutions providing assistance for entrepreneurial development at national and state level , these are:

AT NATIONAL LEVEL

1. Small Industries Development Corporations2. Industrial Development Bank Of India3. Industrial Finance Corporation of India4. Small Industries Development Bank of India5. Khadi and Village Industries Centre6. National Institute of Small Industries Extension

Training7. Science and Technology Entrepreneurs Park

AT STATE LEVEL

1. Small Industries Service Institute2.Distinct Industries Centre 3. State Finance Centre4. State Small Industries Corporation 5. State Industries Promotion Corporation6. Management Institutes And Voluntary

Organisation