This presentation is about Entrepreneurship and small business in India, which includes why entrepreneurship in motivated in India, basic factors, need, and sources of motivation i.e how government is taking an initiative to motivate them, which will lead to overall growth of individual and economy.
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Why entrepreneurship is motivated in india?
1. Why Entrepreneurship is Motivated
in India?
Presented by-
Gaurav Mahajan
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2. Who is an entrepreneur??
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3. Entrepreneur
An entrepreneur is defined as “person in effective control of
commercial undertaking; one who undertakes a business or an
enterprise”.
Entrepreneur is an innovative person who maximizes his profits by
following new strategies or venturing into new products or services.
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4. Entrepreneurship
Entrepreneurship is the act of being an entrepreneur, who starts any
economic activity for being self-employed.
Entrepreneurship is the “process of the entrepreneur”. It is an attempt to
create value through recognition of business opportunity. It is basically
communicative and management functions to mobilize financial and
material resources.
The entrepreneurial activity is governed by varying combination of socio-
economic, psychological, cultural and other factors: Caste/religion, Family
background, Level of education, Level of perception, Occupational
background, Migratory character, Entry into entrepreneurship, Nature of
enterprise, Investment capacity and Ambition/moderation.
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5. Need of Entrepreneurship
Increases national production
Balanced area development
To generate employment
Economic growth
Encourage self employment
Entrepreneurial awareness
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6. WHAT ENTREPRENEURS DO?
EMPLOYMENT & INCOME GENERATION
ENTERPRISES
ENTREPRENEURS
Taxes/Govt.
Revenues
Poverty
Alleviation
Higher Productivity &
Innovations
Output &
Exports
Wealth
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7. What causes economic growth?
Economic growth is effect, entrepreneur is the cause.
Entrepreneurs explore opportunities.
Convert ideas into viable business proposition and
provide new products and services to the society by
bringing together and combining various factors of
production.
They change life style of the people.
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8. Entrepreneur as an Economic Pioneer
Introduction of new goods and products
Introduction of new processes and methods of production
Opening up of new markets
Opening up of new sources of supply
Industrial re-organization
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9. Support for Entrepreneurship … Why?
Seed pipeline of future enterprises,
Create a risk-taking culture,
Long-term economic development,
Employment creation…
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10. Factors Of Motivation :
Confidence
Environment
Money
Technical Skills
Customer Satisfaction
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11. Why Entrepreneurship Is Motivated..???
It Provides Employment.
It Promotes Capital Formation Of Country.
It Promotes The Countries Export Traders.
Bring Light Towards Backward Areas.
Proper Utilisation Of Resources.
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12. Role of Indian Government in motivating
“entrepreneurship”
Indian Government plays every important role for the development and
motivation of entrepreneurs as well entrepreneurship
It motivates by giving rebate on taxes
Providing subsidies
Opening industrial parks
Making registration process easy to establish new company
Conducting entrepreneurial training
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14. Government has recognized the important role of entrepreneurs in the
industrial development of the country especially through the small scale
industries (SSIs).
SSIs are essential for Indian economy in terms of employment generation,
foreign exchange earnings, its share in industrial output, and contribution to
national income.
The government of India and state governments provides a number of
special facilities and incentives.
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15. All India Institutions
Small Scale Industries Board
Ministry of Small Scale Industries
Small Industry Development Organisation (SIDO)
National Small Industries Corporation (NSIC) Limited
The Khadi and Village Industries Commission (KVIC)
Coir Board
Training Institutes
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16. State Level Institutions
State Industrial Development Corporations (SIDCs)
State Directorate of Industries (SDIs)
District Industries Centres (DICs)
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17. Fund-Based Institutions
Fund-Based Institutions
Small Industries Development Bank of India (SIDBI)
Commercial Banks
State Financial Corporations (SFCs)
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