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Assignment no.1

On

HMT=565

(Govt. Institutions for Entrepreneurial development. Their subsidies,

policies, systems and procedures.)

Submitted To: Submitted By:-

Mr. Rohan Sir Arun Pathania

Roll No.-RV8901AO4

MBA(TOURISM & Hospitality



Entrepreneur

For the practice of starting a new organization, see Entrepreneurship An entrepreneur is a

person who has possession of a new enterprise, venture or idea and is accountable for the

inherent risks and the outcome. The term was originally a loanword from French and was first

defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term

applied to a person who is willing to launch a new venture or enterprise and accept full

responsibility for the outcome. Jean-Baptiste Say, a French economist, is believed to have coined

the word "entrepreneur" in the 19th century - he defined an entrepreneur as "one who undertakes

an enterprise, especially a contractor, acting as intermediatory between capital and labour.

Leadership attributes

The entrepreneur leads the firm or organisation and also demonstrates leadership qualities by

selecting managerial staff. Management skill and strong team building abilities are essential

leadership attributes for successful entrepreneurs. Scholar Robert. B. Reich considers leadership,

management ability, and team-building as essential qualities of an entrepreneur. This concept has

its origins in the work of Richard Cantillon in his Essai sur la Nature du Commerce en (1755)

and Jean-Baptiste Say (1803 or 1834) in his Treatise on Political Economy.

Entrepreneurs emerge from the population on demand, and become leaders because they

perceive opportunities available and are well-positioned to take advantage of them. An

entrepreneur may perceive that they are among the few to recognize or be able to solve a

problem. Joseph Schumpeter saw the entrepreneur as innovators and popularized the uses of the

phrase creative destruction to describe his view of the role of entrepreneurs in changing business

norms. Creative destruction encompasses changes entrepreneurial activity makes every time a

new process, product or company enters the market.

Influences, personality traits, and characteristics

The most significant influence on an individual's decision to become an entrepreneur is

workplace peers and the social composition of the workplace. Entrepreneurs also often possess

innate traits such as extroversion and a propensity for risk-taking. According to Schumpeter, an



entrepreneur characteristically innovates, introduces new technologies, increases efficiency,

productivity, or generates new products or services. An entrepreneur acts as a catalyst for

economic change and research indicates that entrepreneurs are highly creative individuals who

imagine new solutions by generating opportunities for profit or reward.

There is a complexity and lack of cohesion between research studies that explore the

characteristics and personality traits of, and influences on, the entrepreneur. Most studies,

however, agree that there are certain entrepreneurial traits and environmental influences that tend

to be consistent. Although certain entrepreneurial traits are required, entrepreneurial behaviours

are dynamic and influenced by environmental factors. Shane and VenKataraman (2000) argue

the entrepreneur is solely concerned with opportunity recognition and exploitation; however, the

opportunity that is recognized depends on the type of entrepreneur which Ucbasaran et al. (2001)argue there are many different types dependent on their business and personal circumstances.

Psychological studies show that the psychological propensities for male and female

entrepreneurs are more similar than different. Perceived gender differences may be due more to

gender stereotyping. There is a growing body of work that shows that entrepreneurial behavior is

dependent on social and economic factors. For example, countries which have healthy and

diversified labor markets or stronger safety nets show a more favorable ratio of opportunity

driven rather than necessity-driven women entrepreneurs. Empirical studies suggest that women

entrepreneurs possess strong negotiating skills and consensus-forming abilities.

New research regarding the qualities required for successful entrepreneurship is ongoing, with

work from the Kauffman Institute forming the statistical basis for much of it.

Types of entrepreneurs

Social entrepreneur

A Social entrepreneur is motivated by a desire to help, improve and transform social,

environmental, educational and economic conditions. Key traits and characteristics of highly

effective social entrepreneurs include ambition and a lack of acceptance of the status quo or

accepting the world "as it is". The social entrepreneur is driven by an emotional desire to address



some of the big social and economic conditions in the world, for example, poverty and

educational deprivation, rather than by the desire for profit. Social entrepreneurs seek to develop

innovative solutions to global problems that can be copied by others to enact change.

Social entrepreneurs act within a market aiming to create social value through the improvement

of goods and services offered to the community. Their main aim is to help offer a better service

improving the community as a whole and are predominately run as nonprofit schemes. Zahra et

al. (2009: 519) said that ³social entrepreneurs make significant and diverse contributions to their

communities and societies, adopting business models to offer creative solutions to complex and

persistent social problems´.

Serial entrepreneur

A serial entrepreneur is one who continuously comes up with new ideas and starts new

businesses. In the media, the serial entrepreneur is represented as possessing a higher propensity

for risk, innovation and achievement. Serial entrepreneurs are more likely to experience repeated

entrepreneurial success. They are more likely to take risks and recover from business failure.

Lifestyle entrepreneur

A lifestyle entrepreneur places passion before profit when launching a business in order to

combine personal interests and talent with the ability to earn a living. Many entrepreneurs may

be primarily motivated by the intention to make their business profitable in order to sell to

shareholders. In contrast, a lifestyle entrepreneur intentially chooses a business model intended

to develop and grow their business in order to make a long-term, sustainable and viable living

working in a field where they have a particular interest, passion, talent, knowledge or high

degree of expertise. A lifestyle entrepreneur may decide to become self-employed in order to

achieve greater personal freedom, more family time and more time working on projects or

business goals that inspire them. A lifestyle entrepreneur may combine a hobby with a profession

or they may specifically decide not to expand their business in order to remain in control of their

venture. Common goals held by the lifestyle entrepreneur include earning a living doing

something that they love, earning a living in a way that facilitates self-employment, achieving a

good work/life balance and owning a business without shareholders. Many lifestyle



entrepreneurs are very dedicated to their business and may work within the creative industries or

tourism industry, where a passion before profit approach to entrepreneurship often prevails.

While many entrepreneurs may launch their business with a clear exit strategy, a lifestyle

entrepreneur may deliberately and consciously choose to keep their venture fully within their

own control. Lifestyle entrepreneurship is becoming increasing popular as technology provides

small business owners with the digital platforms needed to reach a large global market.

The government of India plans to launch a toll-free helpline for small and medium businesses,

which would offer assistance on issues like taxation, finance, laws, marketing and other relevant

topics. This was disclosed by Dinesh Rai, Secretary, Ministry of Micro, Small and Medium

Enterprises (MSMEs), Government of India, at a conference on Information, Communication

and Technology (ICT) for Small and Medium Enterprises (SMEs), organised by the Internet andMobile Association of India (IAMAI) and IndiaMART.com on July 10.

Reiterating the government's commitment to SMEs, Rai said, "The toll-free helpline is part of

our resolve to assist SMEs in day-to-day operations, finance, marketing, legal, banking and

taxation domains." Rai also underlined a plan to run a National Skill and Development Centre

(NSDC) to create a robust entrepreneurial ecosystem in India.

The conference was attended by 500 well known entrepreneurs and professionals from various

industries. Distinguished personalities like Dinesh Agarwal, Founder and CEO of

IndiaMART.com, Dinesh Rai, Secretary, Ministry of Micro, Small and Medium Enterprises

(MSMEs), Government of India, Rajiv Sodhi, Director, Emerging Geographies, Microsoft India,

Gurmukh Singh, Head Business Marketing, Intel South Asia, Harish Bahl, Founder & Chief

Executive Officer, Smile Interactive Technologies Group, were among those present.

Painting a bullish picture about India's future, Gurmukh Singh, Head, Business Marketing, Intel,

South Asia, exhorted the SME sector to be ready when exponential growth in India's online

universe throws up big possibilities. "By 2012, India will get 511 million internet users and small

businesses should be ready for it. Intel is already offering solutions and assistance which SMEs

can make use of even today," Singh said. Ramraj Pai, Director, SME Ratings, CRISIL, seconded

Singh and favoured SMEs embracing a credibility-driven approach which can differentiate their

businesses.



SBA Loans for Your Startup

Find money today for your new business with this review of the SBA's top three loan programs.

Despite what you might see on late-night infomercials or some websites, none of the SBA's loan programs involve free money, government grants or no-interest loans. In fact, the SBA doesn't

even lend funds directly to entrepreneurs--you'll need to strike up a relationship with a loan

officer at your local bank, credit union or nonprofit financial intermediary to access the

programs.

But once you do, there's an array of resources aimed at getting you the capital you need to start

or expand your small business. Last year, more than $50 million in SBA loans were being

provided per day to U.S. small businesses. For this month's column, I thought I'd review the

latest descriptions and eligibility criteria for the SBA's three most popular loan programs.

7(a) Loan Program

The 7(a) is the SBA's most popular loan program. As a small-business owner, you can get up to

$750,000 from your local 7(a) lender, backed by a partial guarantee from the SBA. Note that the

SBA is not lending you any money directly. What they are doing is making it less risky for a

local lender to provide you with financing. 7(a) loans are typically used for working capital, asset

purchases and leasehold improvements. All the owners of a business who hold an ownership

stake of 20 percent or more are required to personally guarantee the loan.

Once your lender decides that 7(a) money is what you need, you'll probably start hearing the

names of the different 7(a) programs. For example if you're borrowing less than $150,000, you

may be headed toward the Lowdoc program, which was created in 1993 to reduce burdensome

paperwork. A Lowdoc loan application is a one-page form; your application is on one side and

the lender's request to the SBA for the guaranty for your loan is on the other. The SBA responds

to Lowdoc applications within 36 hours.

The SBA Express is a program for lenders with a good SBA-lending track record. It's aimed at

getting money--in this case, as much as $250,000--quickly into the hands of entrepreneurs. Based



on the success of the SBA Express program, the SBA initiated Community Express, specifically

designed to improve access to capital for low- and moderate-income entrepreneurs and to

provide both pre- and post-loan technical assistance.

Eligibility: The eligibility criteria for the 7(a) program are the broadest of all the SBA loan

programs, but they're still quite restrictive for startups and businesses related to financial

services. See this page on the SBA's website for a list of the types of business that are eligible. In

general, all SBA programs are targeted at small companies (that is, businesses with less than $7

million in tangible net worth and less than $2.5 million in net income), but typically most banks

won't lend to startup businesses that don't have two to three years' worth of financial statements

and some owner's equity in the business. Some banks will allow you to use money from relatives

as part of your equity, but you're required to formalize these loans with a repayment plan that'ssubordinate to the bank debt.

504 Loan Program

The 504 loan program is intended to supply funds for asset purchases, such as land or equipment.

Typically, the asset purchase is funded by a loan from a bank or other lender in your area, along

with a second loan from a certified development company (CDC) that's funded with an SBA

guarantee for up to 40 percent of the value of the asset--which is generally a loan of up to $1million--and a contribution of 10 percent from the equity of the borrower. This financing

structure helps the primary lender--the bank--reduce its exposure by relying on the CDC and the

SBA to shoulder much of the risk.

Eligibility: Like the 7(a) program, the 504 program is restricted to small businesses with less

than $7 million in tangible net worth and less than $2.5 million in net income. However, since

funds from 504 loans can't be used for working capital or inventory, consolidating or repaying

debt, or refinancing, this program tends to exclude most service businesses that need to purchase

land or equipment. Personal guarantees are also required for 504 loans.



7(m) Microloan Program

The Microloan program is presently under budgetary review, and the political winds aren't

currently blowing in its favor. The program is intended to provide "small" loans of up to $35,000

that can be used for a broad range of purposes to start and grow a business. Unlike the 7(a)

program, the funds to be loaned don't come from banks; rather, they come directly from the SBA

(now you know why it's unpopular with the folks in charge of the budget) and are administered

to business owners via nonprofit community-based intermediaries. To find the name of an

intermediary micro-lender in your area, visit this page of the SBA's website.

Eligibility: The Microloan program is startup friendly. All new businesses are eligible to apply.

Although the maximum loan amount is $35,000, the average loan is approximately $10,000. The

only catch is that Microloan borrowers typically have to enroll in technical assistance classes

administered by the micro-lender intermediaries. For some entrepreneurs, this is a very helpful

resource that provides cost-effective business training. Others, however, perceive it as a waste of

time, although it's a necessary pre-condition to getting a Microloan.

Although I promised reviews of just the three top SBA loan programs, I didn't want to fail to

mention two other special purpose loan programs targeted at serving particular types of

businesses. The Export Working Capital Program provides short-term working capital to small,export businesses, and the DELTA program provides both financial and technical assistance to

help businesses dependent on defense installations transition to civilian markets. You can log on

to the SBA's website to learn more about these two programs.

The long and short of it is, if you need small-business loan capital, there's probably an SBA

program out there for you.

Business Training Program: Scholarship for Women Entrepreneurs

Business Training Program: Scholarship for Women Entrepreneurs ± The 10,000 Women

Business Training Program is a 150-hour curriculum that IESE Business School and the

University of Asia and the Pacific had co-develop.



The certificate course aims to target Filipino women entrepreneurs who want to grow their

businesses. The Business Training Program will offer three 50-hour modular courses spread out

over three months. The program provides classroom instruction, field learning and mentoring

interventions to the selected women entrepreneurs.

Qualification

Applications for the scholarship to participate in the BTP that is funded by the Goldman Sachs

Charitable Fund are open to women entrepreneurs who have the following qualifications:

* Have acquired, at least, two years of tertiary education or an equivalent training

* Have a sufficient level of Mathematical and English communication and comprehension skills

* Have at least 5 years of experience managing her own business or enterprise

* Possess leadership qualities

* Have high motivations to grow her business

* Committed to attend and finish the program as well as assist in the development of the program

* Have proof of financial need or inability to afford the cost of attending the Business Training

Program

* Applicant¶s enterprise must have high growth possibilities or the potentials to scale up

Procedure for Application

Fill out an Application Form and submit it together with the documents to support the above

qualifications. Only short-listed applicants will be called for panel interview.



Bharti Entrepreneur of the Year Award : 2009

The past century (20th century) and the present one (the 21th century) have witnessed emergence

of a plethora of new industries because of government¶s policy of globalization and

liberalization. In this scenario of fierce competition, the challenges faced by entrepreneurs are far greater than what they were earlier. Today¶s entrepreneurs need to be well equipped with

adequate knowledge, competence and information to withstand this competition. As is known,

success of an enterprise depends to a large extent on the ability of its promoter, and hence the

task of developing entrepreneurs has never been given more importance before. Creating well-

rounded entrepreneurs through Entrepreneurship Development Programmes (EDPs) has been a

proven strategy. In India, four national entrepreneurship development institutions, twelve state-

level organizations and a number of NGOs are involved in creating entrepreneurs through

training interventions. However, the impact of the µjob oriented mindset¶ is so strong in the

society that many people still do not prefer to opt for this career option and look for a secured

job. Therefore, the need of the day is to convince people, in general, and youth, in particular, by

presenting the successful cases of first-generation, impact making entrepreneurs created through

entrepreneurship training.

Entrepreneurship Development Institute of India (EDI), a pioneer institute engaged in

promoting the µEntrepreneurship¶ concept in other developing countries, has taken an initiative

in this direction by presenting µEntrepreneur of the Year Award¶ (National) to EDP-trained

entrepreneurs. The award, sponsored by the Bharti Enterprises and announced under the banner

of Bharti Centre for Entrepreneurial Initiatives, established at EDI, comprises a cash prize of

rupees one lakh, a trophy and a citation. Till date, seven entrepreneurs have been felicitated with

this honour. EDI, now, announces, Bharti Entrepreneur of the Year Award (National)-2009,

the seventh in the series.

Eligibility

y An EDP-trained entrepreneur emerging from preferably a non-business family and

possessing experience of three successful years in business is eligible.

y Any Institution or NGO, conducting Entrepreneurship Development Programmes can

also nominate its trained entrepreneurs who have three years of experience in business.



Selection Process

A jury consisting of eminent professionals and educationists would shortlist the eligible

candidates. The short listed candidates would be invited at the EDI Campus, Ahmedabad for

personal interaction with the jury.

The personal interaction would explore the vision, roadmap and strategies conceived by the

candidate to tackle rough times in business and also the future directions. The winner for the

Award will be selected after the personal interaction and informed accordingly.

Trendsetters« OUR WINNER S IN THE PAST

Mr. R.S. Khadwalia of Indo Farm Equipment Ltd., Chandigarh has an inspiring success story,

which began with his participation in an EDI conducted EDP in the year 1984. Subsequently, he

started a small business dealing in tractor spare-parts with an investment of just Rs. 25,000 and

today, he is a high-flying achiever with a turnover of more than Rs. 100 crore, and owns a tractor

manufacturing company.

Mr. NCV Rangacharya, from Hyderabad, in his quest for the extraordinary, enrolled as a trainee

in the one-month EDP, sponsored by the IDBI, SBI and DST. Today, his company CADSYS

Technologies Pvt. Ltd., has an investment over Rs. 6 crore and is ISO 9002 certified. It is one of

the leading firms in Computer Aided Design and GIS in the country.

Mr. Bhavin Turakhia, the proud owner of DIRECTi, thrives on innovation, creativity and sheer

quest for excellence. EDI trained, Mr. Turakhia started his company in 1998 with a meagre

investment of Rs. 25,000 and today with a team strength of 120 and a base in more than 230

countries, his company DIRECTi is a pioneer in web services industry in India and is one of the

largest players in this space worldwide.

With motivation reigning high, Mr. Mitesh Talati set up Shree Santram Engineering Works, in

1993. He did so after completion of his training at Centre for Entrepreneurship Development,

Gujarat. It was his spirit to succeed that made him stand tall against all odds such as; lack of

finance, labourers, etc. Today his unit has reached a turnover of Rs. 10 crores from a mere one



lakh in the first year.

Mr. Ashit Doshi, Managing Director, Doshion Ltd., is a young and dynamic entrepreneur with

extra-ordinary passion of achieving the impossible. Mr. Doshi took the reins of almost a dead

organization way back in 1993 and carved out a path for himself and his small company.

Doshion Ltd., the µone-stop water management solution provider¶, attained a turnover of Rs. 240

crore in the year 2006-07 and registered 100% growth.

Bharti Centre For Entrepreneurial Initiatives

EDI and Bharti Foundation have together established µBharti Centre for Entrepreneurial

Initiatives¶ at EDI with an objective to promote entrepreneurship through a host of activities in

education, research, and training by sensitising society at large and youth, in particular, to make

them entrepreneurial.

ABOUT BHARTI FOUNDATION

At Bharti Enterprises, there is absolute belief in education being the most important tool for

social and economic development in India. Thus, Bharti Foundation was set up in 2000 as the

philanthropic arm of the Bharti Group of Companies to bridge the existing education divide and

make quality education accessible to underprivileged children in rural India. The Foundation

aims to help underprivileged children and young people of our country realize their potential.

The Bharti Centre for Entrepreneurial Initiatives, set up in a joint initiative with the

Entrepreneurship Development Institute of India (EDI) promotes, develops and facilitates

entrepreneurship and works towards encouraging entrepreneurship among young individuals.

The Bharti Entrepreneur Award honours first generation entrepreneurs and emphasizes the

importance of structured training in the area of entrepreneurship.

Centre for Research in Entrepreneurship Education and Development

Research and Development



Undertakes research in education, innovations in training methodology, impact of

industrial policies, rural entrepreneurship and innovative credit delivery system in the

field of entrepreneurship

Dissemination of valuable research findings to the academic fraternity at large

through 'The Journal of Entrepreneurship'.

The Centre has been vested with the responsibility of serving as a bridge between academia and

training and consultancy in the field of 'Entrepreneurship'. Applied research and consultancy

needs to be effectively supported by solid theoretical insights, if the entrepreneurship movement

is to be institutionalized throughout the globe. The Centre encourages inquiries into education,

innovations in training methodology, impact of industrial policies, rural entrepreneurship and

innovative credit delivery system in the field of Entrepreneurship. Several research projects

believed to be crucial to the growth of small & medium enterprises have been initiated by the

Centre.

One of the major objectives of the Centre is to catalyse the process of building network of

researchers and institutions in the sphere of entrepreneurship. 'The Journal of Entrepreneurship',

a reputed academic publication of the Centre, has established its credibility and identity among

scholars in India and abroad as a unique forum to disseminate their valuable research findings,

both theoretical and empirical to the academic fraternity at large.



The Mission

An acknowledged national resource institution, EDI is committed to entrepreneurship education,

training and research. The institute strives to provide innovative training techniques, competent

faculty support, consultancy and quality teaching & training material.

EDI has been spearheading entrepreneurship movement throughout the nation with a belief that

entrepreneurs need not necessarily be born, but can be developed through well-conceived and

well-directed activities.

In consonance with this belief, EDI aims at :

y creating a multiplier effect on opportunities for self-employment,

y augmenting the supply of competent entrepreneurs through training,

y augmenting the supply of entrepreneur trainer-motivators,

y participating in institution building efforts,

y inculcating the spirit of 'Entrepreneurship' in youth,

y promoting micro enterprises at rural level,

Further, the Centre, through its short term research fellowship programmes, encourages young

researchers to make use of the intellectual and other resources at the Centre in their pursuit to

extend the frontiers of knowledge of entrepreneurship.

CREED envisages to promote collaborative research endeavours with institutions and individuals

outside the Centre. It organises a national seminar biennially, where scholars from across the

country come together to share their views on issues related to entrepreneurship that are o

contemporary relevance and interest. It regularly conducts biennial conferences on advances and

trends in entrepreneurial research aimed to provide a forum to researchers, educationists and

professionals to share their research findings and experiences in the field of entrepreneurship.

Against the backdrop that there is a dearth of professionals who could take up research based

activities in organisations involved in entrepreneurship development, the institute organised the

first ever two-week training programme on research methodology which was very well received .



y developing and disseminating new knowledge and insights in entrepreneurial theory and

practice through research,

y facilitating corporate excellence through creating entrepreneurs (entrepreneurial

managers),

y improving managerial capabilities of small scale industries,

y sensitizing the support system to facilitate potential and existing entrepreneurs establish

and manage their enterprises,

y Collaborating with similar organizations in India and other developing countries to

accomplish the above objectives.

The institute's basic strategy to realize its mission has been to concentrate on some broad areas to

achieve its objectives. The areas so selected have to satisfy the twin criteria of social relevanceand the institute's capability.

Entrepreneurship Courses in India

Entrepreneurship as a career option has emerged due to the cut-throat competition and lack of

opportunities in the formal sectors. Individuals with a dream to do something on their own are

even leaving their secure jobs to pursue a business venture. There are several institutes that offer

entrepreneurship courses in India. It is always considered to be a better idea to join a formaltraining before setting your foot forward as an entrepreneur.

Qualifications

The details of entrepreneurship courses conducted in India are:

y Advanced Diploma in Enterprise Management, Duration: 6 months, Eligibility:

Graduation, preferably with work experience of 5 - 10 years.

y Certificate Course in Export Marketing, Duration: 4 months, Eligibility: Graduation

y Certificate Course in International Business Language, Duration: 5 months , Eligibility:

Graduation.

y Certificate Course in International Trade Logistic, Duration: 4 months, Eligibility:

Graduation.



y Diploma/Certificate Courses in Entrepreneurship, Duration: 6 months- 1 year, Eligibility:

Graduation/ Diploma/10+2 with 3 yr. Exp.

y Diploma in Entrepreneurship, Duration: 9 months, Eligibility: Graduation

y Diploma in Planning and Entrepreneurship, Duration: 2 years, Eligibility: 10+2, awaiting

results

y Executive Masters in International Trade, Duration: 1 year, Eligibility: Graduation

y Executive MBA+M.Com/PGDBA, Duration:2 years, Eligibility: Graduation, appearing

for final exam.

y Executive Postgraduate Program, Duration: 3 years, Eligibility: Graduation (55%)

y Executive Postgraduate Diploma in Management, Duration: 3 years, Eligibility:

Bachelor's/Master's degree with 5 years exp.

y Fellow Program in Management (Doctoral Level), Eligibility: B.E. M.E. P.G

y BA (General-Human Resource Development Marketing, Operations Research and

Finance), Duration: 2 years 6 months, Eligibility: Graduation

y PG Diploma in International Business/Entrepreneurship/Small Business and Management

of Services

y PG Diploma in Management of Small and Medium Enterprises, Duration: 1 year,

Eligibility: Graduation

y PGDBA, Duration: 2 years, Eligibility: Graduation

y PGDBM, Duration: 2 years, Eligibility: Graduate

y Postgraduate Diploma in Entrepreneurship Management (PGDEM), Duration: 9 months,

Eligibility: middle level executive

y PGDEM, Duration: 6 months, Eligibility: Graduation

Some of the reputed and prestigious institutes offer entrepreneurship courses in India. One can

come across both degree and diploma programs on entrepreneurship.

Short term certificate courses are also quite popular among the students.

y IIM, Ahmedabad, Bangalore & Kolkata

y All India Management Association Center for Management Education, New Delhi

y Indian Institute of Foreign Trade (IIFT), New Delhi

y Entrepreneurship Development Institute of India, Gujarat



y FICCI, New Delhi

y Small Industries Service Institute, New Delhi

y National Science and Technology Entrepreneurship Development, New Delhi

y National Institute for Entrepreneurship and Small Business Development (NIESBUD),

New Delhi

y Xavier Labour Relations Institute (XLRI), Jharkhand

y Xavier Institute of Management (XIM), Orissa

y Management Development Institute, Haryana

y Indian Institute of Information Technology and Management (IIITM), Madhya Pradesh

y Symbiosis Center for Management, Maharashtra

y Jamia Millia Islamia, New Delhi.

Benefits

These Institutes not only identify prospective entrepreneurs but provide them with a thorough

knowledge and appropriate approach towards the subject, consequently producing industrious

entrepreneurs.

Scopes in India

The scope for entrepreneurship is limitless here in India. Entrepreneurship can be divided into

three areas of work -

y Providing Service

y Selling Goods

y Manufacturing Goods

The first activity involves the least monetary investment and risk. The other two require higher

investments, but a good foresight can make these ventures extremely successful

. Scopes Abroad

People who like to dream big can expand their business ventures beyond the boundaries of India.

An understanding of international economy and business methods are required in this case.



Bibliography

http://www.ediindia.org/Entrecore6dtl.asp

Bharti Centre for Entrepreneurial Initiatives

http://www.ediindia.org/CREED.asp

http://www.ediindia.org/Mission.asp

http://www.dare.co.in/news/others/government-of-india-plans-sme-helpline.htm

http://www.entrepreneur.com/money/financing/startupfina

ncingcolumnistasheeshadvani/article79254.html

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