The document summarizes various institutions and programs that support entrepreneurship in India. It discusses financial institutions like IDBI and SIDBI that provide funding. It also outlines technical institutions like DICs and SISIs that offer guidance. Further, it describes training programs from organizations such as SISI and NABARD. Finally, it details several government of India initiatives to promote innovation and entrepreneurship including Startup India, Make in India, Digital India, and Pradhan Mantri Kaushal Vikas Yojana.
2. Introduction
The central and state governments supports entrepreneurial activities
in various ways.
Services like financing, technical guidance, equipment support,
training, marketing and providing subsidy and grants are supported by
several institutions.
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3. Financial Institutions
Industrial Development Bank of India (IDBI)
Industrial Finance Corporation of India (IFCI)
Small Industries Development Bank of India
(SIDBI)
National Small Industries Corporation Ltd
(NSIC)
These institutions
provide financial
support to
promote and
develop small
industries and
entrepreneurs.
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4. State Small Industries Corporation (SSIC)
Regional Rural Banks (RRBs)
State Financial Corporations (SFCs)
State Industrial Development Corporations (SIDCs)
Cooperative Banks and Gramin Banks
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5. Institutions for Technical Guidance
District Industries Centres (DICs)
Technical Consultancy
Organisations (TCOs)
Small Industries Service
Institutes (SISIs)
State Small Industries
Development Corporations
(SSIDCs)
Industrial Development
Corporation (IDC)
Small Industries Development
Organisation (SIDO)
These institutions are set up to help
entrepreneurs seek technical
guidance and support for small scale
industries
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6. Institutions for Training
Small Industries
Service Institute
(SISI)
National Bank for
Agriculture and Rural
Development
(NABARD)
Council for
Advancement of
Peoples Action and
Rural Technology
(CAPART)
District Industries
Centre (DIC)
These institutes are
set-up one in each
state to provide
consultancy and
training to small and
prospective
entrepreneurs
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7. Support for Innovation and Entrepreneurship
provided by Government of India
Several initiatives and policies have been undertaken by the Government of India
to support innovation and entrepreneurship.
Job creation is one of the biggest challenge India faces. With the Indian
demographic, we have a lot of potential to innovate, raise entrepreneurs and
create jobs for the benefit of our nation.
On the other hand, realizing the importance of women entrepreneurship,
Government of India has ensured that all policies are providing equal
opportunity for women. Women are given equal importance and support across
several sectors.
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8. Startup India
Launched in Jan 2016 with a motive to support aspiring entrepreneurs
Promotes entrepreneurship by mentoring, nurturing and facilitating startups
‘Fund of Funds’ help startups acquire access to funding
Provides opportunity for startups to innovate and excel without any barriers
Provides a comprehensive four-week free online learning program
Has set up research parks, incubators and startup centres across the country
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website
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9. Make in India
The Make in India initiative was launched in September 2014.
This was started to replace outdated and obstructive structure with transparent and user-friendly
systems
It was an invitation to potential partners and investors around the world to create opportunities in
Indian manufacturing sector.
This has led to new confidence in India’s capabilities among potential partners abroad, businesses
within the country and citizens.
This has helped get investments, promote innovation, develop skills, protect intellectual property
and build best-in-class manufacturing infrastructure.
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website
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10. Digital India
This initiative was launched in July 2015 to modernize the Indian economy and transform into
digitally empowered society
Focuses on making high speed internet available across the country
Improves citizen participation in digital and financial space and supports ease of business
Make India’s cyberspace more safe and secure.
Provides digital resources and services available in all India languages
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website
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11. Pradhan Mantri
Kaushal Vikas Yojana
Launched in July 2015 is an initiative of the Ministry of Skill Development & Entrepreneurship
(MSDE)
Focuses on training the youth in industry-relevant skills and provide certification
Assessment and raining fees is borne by the Government
Individuals with prior learning experience or skills will also be assessed and certified under
Recognition of Prior Learning (RPL)
Enhances opportunities in securing a better livelihood and employability
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website
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12. Few of the other initiatives
Atal Innovation Mission (AIM)
Stand-Up India
Trade-related Entrepreneurship Assistance and Development (TREAD)
Department of Science and Technology (DST)
Biotechnology Industry Research Assistance Council (BIRAC)
Support to Training and Employment Programme for Women (STEP)
Science for Equity Empowerment and Development (SEED)
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