contribution of the government for
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CONTRIBUTION OFTHEGOVERNMENT FOR
ANENTREPRENEURSHIPDEVELOPMENT
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Entrepreneur
Joseph A. Schumpeter defines entrepreneur as
The entrepreneur in an advanced economy is anindividual who introduces something new in the
economy a method of production not yettested by experience in branch of manufactureconcerned, a product with which consumers arenot familiar, a new source of raw material or of
new markets and the like.
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Opportunity in India
Stable democratic environment over 55 years of
independence
Large and growing market
World class scientific, technical and managerial
manpower
Cost-effective and highly skilled labor
Abundance of natural resources
Large English speaking population
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Well-established legal system with independent judiciary
Developed banking system and vibrant capital market
Well developed accountancy, legal, actuarial andconsultancy profession
Surveys by leading organizations rate India among thetop three investment hot spots and one of the fastest
growing economies in the world
Opportunity in India
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Interactions with
Government
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Why is the
entrepreneurshipdevelopment necessary
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Government support for
entrepreneurshipdevelopment
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Governments supportedorganisations
SMALL INDUSTRIAL DEVELOPMENT ORGANISATION (SIDO)
NATIONAL INSTITUTE FOR ENTREPRENEURSHIP AND SMALLBUSINESS DEVELOPMENT (NIESBUD)
ENTREPRENEURSHIP DEVELOPMENT INSTITUTE OF INDIA(EDI)
TECHNICAL CONSULTANCY ORGANISATION (TCOs) STATE LEVEL INSTITUTION
SMALL INDUSTRIES CORPORATIONS
STATE FINANCIAL CORPORATION (SFCs)
STATE INDUSTRIAL DEVELOPMENT CORPORATIONS (SIDCs)
KHADI AND VILLAGE INDUSTRIAL DEVELOPMENT SCHEME(KBIC)
SMALL INDUSTRIAL DEVELOPMENT BANK OF INDIA(SIDBI)
THE NATIONAL SCIENCE AND TECHNOLOGY ENTREPRENEURSHIPDEVELOPMENT BOARD(NSTEDB)
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Government provides support in thefollowing directions
Finance
Information
Consulting Training
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The Support is provided through thatprograms
Business information and consulting
Market promotion of goods andservices produced by enterprise
Loan Guarantees provision
Innovations and modern
technologies application Business training
Support to start-up entrepreneurs
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Business Information
Business and information guides,reference books and professionalliterature
Supplier and customer information Equipment and work stations Innovations and new technologies Business related legal acts Possible sources of financing opportunities Intellectual property rights protection Other, as requested
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Business Consulting
Legal advise Business activity analysis Development of investment and business
plans Management and marketingAccounting and financial management Tax and customs regulations
Innovations, new technologies andintellectual property rights protection
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Business Training
Clarifications on the tax and customs
Management
Marketing
Labour legislation
Business law
Sales techniques and skills
Human resource management
Time management
Customer services
Financial management
Business ethics, as well others as requested
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Financial Support
The Loan Guarantees Provision Program is
directed to the solution of the problem of
pledge and the expansion of the credit
opportunities in the remote regions through
provision of loan guarantees to SMEs.
St t E t hi
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Start-up EntrepreneurshipSupport Program
The Start-up Business Support Program is aimedat overcoming problems of lack of business skills,insufficient knowledge of marketing and financial
planning, and the unavailability of businessconsulting and training services. The programincludes both training and consultingcomponents. In the course of the training
participants discuss their business ideas. Themost active participants having prospectivebusiness idea become long-term beneficiaries.
M k t P ti
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Market Promotionof Goods and Services
Implementation of ISO 9000-2001 QualityManagement
System and other international standards; Design and publication of:
Information brochures Posters and advertisements Labels Packaging with company logos
Design and creation of web sites Participation in exhibitions Other, as requested
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