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Prac 11

The document outlines various government agencies in India that provide support for setting up a business, including MSME, SIDBI, DIC, NSIC, Startup India, and KVIC. These agencies offer financial assistance, training, and regulatory support to entrepreneurs. By leveraging these resources, individuals can effectively reduce startup costs and promote sustainable business development.

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8 views

Prac 11

The document outlines various government agencies in India that provide support for setting up a business, including MSME, SIDBI, DIC, NSIC, Startup India, and KVIC. These agencies offer financial assistance, training, and regulatory support to entrepreneurs. By leveraging these resources, individuals can effectively reduce startup costs and promote sustainable business development.

Uploaded by

arqamqazi549
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Name: Hafsah Siddique​ ​ ​ ​ ​ ​ ​ Class: CO6I-B

Enrollment Number: 1234567890​ ​ ​ ​ ​ ​ Subject: EDE


Practical 11
Aim: Compile the information from government agencies that will help you set up your business
enterprise.

Compiled Government Agency Information for Setting Up a Business


Enterprise

To support entrepreneurship and economic growth, the Government of India has established
several agencies and departments that provide financial aid, training, infrastructure, and
regulatory support to individuals wishing to start their own businesses. Below is a summary of
the most impactful government agencies:

1. MSME – Ministry of Micro, Small and Medium Enterprises

●​ Role: Main agency promoting small-scale industries in India.


●​ Services:
○​ Financial assistance through schemes like PMEGP (Prime Minister’s
Employment Generation Programme).
○​ Skill development programs.
○​ Udyam Registration for business recognition.
●​ Website: https://msme.gov.in​

2. SIDBI – Small Industries Development Bank of India

●​ Role: Provides direct and indirect financial assistance to MSMEs.​

●​ Support:
○​ Project financing, equipment purchase loans, and working capital support.
○​ Special schemes for startups and women entrepreneurs.
●​ Website: https://www.sidbi.in​
3. DIC – District Industries Centre

●​ Role: Local government body that supports small-scale industries at the district level.
●​ Support:
○​ Assists in availing subsidies, registering businesses, and applying for loans.
○​ Guidance on land acquisition, licenses, and project planning.​

4. NSIC – National Small Industries Corporation

●​ Role: Promotes and supports the growth of small enterprises.


●​ Services:
○​ Raw material assistance.
○​ Credit support and marketing help.
○​ Technology upgradation support.
●​ Website: https://www.nsic.co.in​

5. Startup India (DPIIT Initiative)

●​ Role: Promotes and supports innovation-driven startups.


●​ Benefits:
○​ Tax exemptions for 3 years.​

○​ Self-certification for compliance.​

○​ Access to funding via the Fund of Funds scheme.​

●​ Website: https://www.startupindia.gov.in​

6. KVIC – Khadi and Village Industries Commission


●​ Role: Encourages village industries and traditional crafts through financial and marketing
assistance.​

●​ Key Scheme: PMEGP (Prime Minister's Employment Generation Programme) for setting
up micro enterprises.​

●​ Website: https://www.kvic.gov.in

Conclusion

Government agencies in India offer strong support for new and small business ventures through a
mix of funding, infrastructure, training, and regulatory assistance. By approaching the right
agency based on the business type and location, entrepreneurs can access schemes that reduce
the burden of startup costs and ensure sustainable development.

Marks Obtained Out Of Signature

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