Institutions in aid of Entrepreneurs
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The document discusses various institutions in India that provide support to entrepreneurs. It describes institutions established by the central government like the Entrepreneurship Development Institute of India and the National Institute for Entrepreneurship and Small Business Development in 1983 to aid entrepreneurship development. It also mentions institutions established at the state level and organizations like the Small Industries Development Organization, Management Development Institute, and National Small Industries Corporation that help entrepreneurs through training, financing, and other services.
Institutions in aid of Entrepreneurs
- 1. Institutions in Aid of Entrepreneurs Presented by: Samiullah Semester III (MBA – M52) MONIRBA, University of Allahabad
- 2. Role of Government and other Institutions • In the area of creation the institutional infrastructure for entrepreneurship development, the first step of India financial institutions was the establishment of Entrepreneurship Development Institute of India (EDII) in 1983, at Ahmadabad as a resource organization at national level.
- 3. Role of Government and other Institutions continued… • The Central Government also established the National Institute for Entrepreneurship and Small Business Development (NIESBD) in the same year i:e (1983) at New Delhi • The government set up various institutions to help entrepreneurs in the field of technique, finance, market and entrepreneurial development so that they help to accelerate and adopt the changes in industrial development
- 4. Small Industries Development Organization • Est. 1954 • Functions: Formulating policy for the development of Small Scale Industries in the country. Provides extended support through Comprehensive plan for promotion of rural entrepreneurship Institutions set up by Central Government
- 5. Management development Institute(MDI) • Est. 1973 • Sponsored by: Industrial Finance Corporation Of India • Objectives • Improving managerial effectiveness in the industry • Conducts management development programs in various fields, It also includes programs for Public Sector Undertakings such as IAS, IES, BHEL and etc…
- 6. Entrepreneurship development institute of India (EDI) • Est. 1983 • Sponsored by: apex financial institutions i:e the IDBI Bank Ltd., IFCI Ltd., ICICI Bank Ltd. & (SBI) • EDI has helped set up twelve state-level exclusive entrepreneurship development centers and institutes across the country
- 7. • One of the satisfying achievements, however, was taking entrepreneurship to a large number of schools, colleges, science and technology institutions and management schools in several states by including entrepreneurship inputs in their curricula. • In the international arena EDI has earned accolades and support from the World Bank, Commonwealth Secretariat, UNIDO, ILO, British Council, Ford Foundation, European Union, ASEAN Secretariat and several other renowned agencies. Entrepreneurship development institute of India (EDI)
- 8. All India Small Scale Industries Board(AISSIB) • It's an Apex advisory body constituted to render advise to the Government on all issues pertaining to the small scale sector, with a Central Government Minister as its president and the representatives of various organization i.e. Central Government, State Government, National Small Industries Corporations, State Financial Corporation , RBI,SBI, Small Industries Board and NGOs such as Public Service Commission, Trade and Industries Members
- 9. National Institution of Entrepreneurship and Small Business Development(NIESBUD)
- 10. National Institution of Entrepreneurship and Small Business Development(NIESBUD) • Est. 1983 • The Delhi based NIESBUD is an apex body to supervise the activities of various agencies in the entrepreneurial development programs. It is a society under Government of India Societies Act of 1860.
- 11. Objectives • To accelerate the process of entrepreneurship development. • To help and support agencies in carrying out activities relating to entrepreneurship development with greater success. • To evolve standardized process of selection, training, support and sustenance to potential entrepreneurs • To provide functional forums for interaction and exchange of experience. National Institution of Entrepreneurship and Small Business Development(NIESBUD)
- 12. National Institute of Small Industries Extension Training • Est. 1960 at Hyderabad. Objectives • Directing and Coordinating syllabi for training of small entrepreneurs. • Advising managerial and technical aspects. • Organizing seminars for small entrepreneurs and managers. • Providing services regarding research and documentation.
- 13. National Small Industries Corporation Ltd. (NSIC) • Est. 1995 Objectives • Assisting the small industries in the Government purchase programs. • Provides a vast-market for the products of small industries through its marketing network. • Assists the small units in exporting their products in foreign countries.
- 14. Risk Capital and Technology Finance Corporation Ltd.(RCTFC) • Est. 1988 with an authorized capital of 15 crores Rupees Objectives • Provision of risk capital for the extension and expansion of entrepreneurial development. • Provision of Venture capital for the projects with high techniques for technology development and transfer.
- 15. Indian Investment Centre • It is an autonomous organization established by Central Government. Its main objective is to assist in promoting foreign cooperation with Indian entrepreneurs and providing necessary information to foreign entrepreneurs.
- 16. Indian Institute of Entrepreneurship(IIE) • Est. 1953. it is an autonomous organization by the Department of Small Scale Industries and Agro and Rural Industries Its main objective is to undertake research, training and consultancy activities in the field of small industry and entrepreneurship.
- 17. Role of Public Sector and Development Banks
- 18. Role of Public Sector and Development Banks • Various development banks in India have introduced “special capital” and “seed capital” schemes to provide equity of assistance new and technically skilled entrepreneurs who lack financial resources of their own. • Development Banks have been actively involved in identification and training of potential entrepreneurs.
- 19. Role of Public Sector and Development Banks Cont… The important Forms of entrepreneurial assistance are: • Identifying potential entrepreneurs • Identifying viable projects. • Assisting in preparation of project profiles • Helping in project evaluation. • Arranging practical training. • Financing the projects.
- 20. National Alliance of Young Entrepreneurs(NAYE) NAYE has sponsored number of entrepreneurial development scheme in collaboration with various public sector banks. The main objective of the scheme is to encourage young entrepreneurs to explore investment and self –employment opportunities .It arranges for their training and assists them in procuring necessary finance. In 1975 NAYE also set up a Women’s Wing to make women self- reliant and to raise their status.
- 21. Institutions set up at State Level Following are some prominent institutions established at state level • i) Small Industries Service Institute (SISI) • ii) State Financial Corporation (SFC) • iii) State Small Industries Corporation (SSIC) • iv) District Industries Centers (DIC) • v) Technical Consulting Organization Ltd. (TCO) • vi) Industrial Directorates • vii) Commercial and Cooperative Banks • viii) State Industrial Development Corporation • ix) Industrial Estates • x) State Industries Corporation
- 22. Thank you