institutions in aid of entrepreneurship development

Entrepreneurship Development

Institutions in Aid of Entrepreneurship Development - The dynamics of Entrepreneurial Development and Management – Vasanth Desai

Institutions in Aid of Entrepreneurship Development

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Introduction

Since 1950, study for entrepreneurial development in India to accelerate the process of industrialization.

The study showed that entrepreneurs are born and can be made their skills sharpened , quality of an enterprise improved and generated in a good manner

Identify the people and train them through properly organized programmes undertaking risk bearing innovative activities for raising the growth rate in agriculture, in industry as well as service sector.

Thus EDP became a new concept for harnessing the vast untapped human resources


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Today discussion in the following topics

Management Development Institute (MDI)

The National Institute for Entrepreneurship and small business development

Role of National Alliance of Young Entrepreneurs (NAYE)

Entrepreneurship Development Institute of India (EDII)

Institutes for entrepreneurship development - (STEPS)

MBA 0933 Institutions in Aid of Entrepreneurship Development

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Management Development Institute (MDI)http://www.ifciltd.com/SubsidiariesAssociates/ManagementDevelopmentInstitute/tabid/118/Default.aspx


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Management Development Institute (MDI)

MDI conducts management development programmes in various disciplines

Indian Economic services

Indian Administrative services

Oil and Natural Gas Corporation

Bharat Aluminum company limited

Export Credit Guarantee Corporation of India

Bureau of Indian Standards

Hindustan Zinc Limited

Hindustan Machine tools Limited

Indian Drugs and Pharmaceuticals Limited


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The National Institute for Entrepreneurship and small business development (NIESBUD)

The Delhi based The National Institute for Entrepreneurship and small business development (NIESBUD)

The Institute registered as a Society under Government of India Societies Act XXI of 1860 started function from 6th July 1983

The need for a national organization to serve as an apex body to coordinate the training programmes of various centers and organization in the country,

To train a larger number of trainers and motivators in entrepreneurship development, to prepare model syllabuses of training for various target groups and target areas etc.,


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Objectives of NIESBUD

To accelerate the process of Entrepreneurship Development ensuring its impact throughout the country.

To support institutions in carrying out activities related to ED with greater success .

To provide vital information support to trainers promoters and entrepreneurs by organizing document and research work.

To provide functional forums for interaction and exchange of experiences helpful for policy formulation and modification at various levels.


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Activities of NIESBUD

To serve as an apex National level Institute

To organize and conduct training programmes

To evolve model syllabi for training various target groups

To function as an technical agency under the scheme of fund for regeneration of traditional industries

To coordinate the training activities of various organizations

To affiliate the institutes and organizations conducting entrepreneurship training


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Activities of NIESBUD

To identify train and assist potential entrepreneurs

To hold examinations and tests and confer certificates and diplomas on the trainers as well as trainees

To undertake documentation and research in the field of entrepreneurship and small business development

To conduct workshop, seminars and conference etc for promotion and development of entrepreneurship.

To provide forum for interaction and exchange of view with agencies engaged in various aspects of entrepreneurship.

To assist in setting up of regional and state level training institutes for entrepreneurship and small business development.


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Entrepreneurship Development Institute of India (EDII)

The Entrepreneurship Development Institute of India (EDI), an autonomous body and not-for-profit institution, set up in 1983, is sponsored by apex financial institutions, namely the IDBI Bank Ltd, IFCI Ltd. ICICI Ltd and State Bank of India (SBI).

The Institute is registered under the Societies Registration Act 1860 and the Public Trust Act 1950.

The Government of Gujarat pledged twenty-three acres of land on which stands the majestic and sprawling EDI campus


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Objectives of the EDII

Augment(supplement ) the supply of the trained entrepreneurs through training

Generate a multiplier effect on opportunities for self employment.

Improve managerial capabilities of small scale industries.

Contribute to dispersal of business ownership and thus expand the social base of Indian entrepreneurial class.

Participate in institutional building efforts

Promote micro enterprises at the rural level.

Inculcate the sprit of entrepreneurship among the youth


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EDII – Training programmes

Entrepreneurship in Education

Micro finance and micro enterprise development

Performance and growth of existing entrepreneurs

Performance improvement of ED institutions and ED programmes.


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Role of National Alliance of Young Entrepreneurs (NAYE)

Indian Industries Association (IIA) was conceived in 1985 as National Alliance of Young Entrepreneurs (NAYE) for the promotion and development of small and medium scale industries. NAYE (National Alliance of young Entrepreneur) was renamed as Indian industries Association (IIA) in 1992.

IIA is an apex body of small and medium enterprises having more than 5000 member units through 30 Chapters is working for the development of SMEs since 1985.

IIAs representation in important Committees/Boards at national/State levels are Small Scale Industries Board (SSI Board) at National Level

IIA is involved in various activities to achieve this objective such as providing feedback to the Government on policies & programmes, conducting seminars/workshops/trade fairs/conventions/studies on industrial development, providing consultancy services to SMEs and helping individual entrepreneurs in solving their problems.

Science And Technology Entrepreneurship

Parks(STEPS)


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As part of the program for supporting the setting up of 15 STEPs jointly with other institutions, IDBI over the years has assisted seven STEPs, * Birla institute of technology (BIT)- RANCHI * National entrepreneurs chemical park (NECP)* Regional engineering college – TRICHI* Harcourt butler technological institute (HBTI) – KANPUR* Sri-jayachamarajendra college of engineering (SJCE) - MYSORE* Guru nanak engineering college- LUDHIANA* Maulana azad college of technology – BHOPAL


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BIT- STEP – Automatic wire length measurement system.

NECP – Preparation of project profiles of selected imported drugs.

TREC- STEP – Hi-tech plants for nuclear applications.

HBTI – STEP – Fiber reinforced concrete and plastic components.

SJCE – STEP – Technology of liquid level pump controller


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ROLE OF DEVELOPMENT BANKS

Special capital- To provide assistance to new and technically skilled entrepreneurs who lacks financial resources.

Seed capital - The initial capital used to start a business.


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SIDBI

“Small Industries Development Bank of India”

It is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises in India. Set up on April 2, 1990 through an act of parliament.


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What are the objectives of SIDBI?

(i) Initiating steps for technological up gradation and modernization of existing units;(ii) Expanding the channels for marketing the products of the small scale sector; and(iii) Promotion of employment-oriented industries, especially in semi- urban areas to create more employ ment opportunities and thereby checking migration of population to urban areas. 20

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The major functions of SIDBI are given below:(i) It refinances loans and advances provided by the existing lending institutions to the small-scale units.(ii) It discounts and rediscounts bills arising from sale of machinery to and manufactured by small-scale industrial units.(iii) It extends seed capital/soft loan assistance under National Equity Fund, Mahila Udyam Nidhi and Mahila Vikas Nidhi and seed capital schemes.(iv) It grants direct assistance and refinance loans extended by primary lending institutions for financing exports of products manufactured by small-scale units.(v) It provides services like factoring, leasing, etc. to small units.(vi) It extends financial support to State Small Industries Corporations for providing scarce raw materials to and marketing the products of the small-scale units.(vii) It provides financial support to National Small Industries Corporation for providing; leasing, hire pur chase and marketing help to the small-scale units.

institutions in aid of entrepreneurship development

Documents

field of entrepreneurship

national institute

apex national level

apex financial institutions

training various target

conduct training programmes

national organization

various levels