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Entrepreneurship devlopment

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Entrepreneurship devlopment

  1. 1. N.DHINAKARAN ASSISTANT PROFESSOR OF ECONOMICS VIVEKANANDA COLLEGE TIRUVEDAKAM WEST MADURAI DISTRICT -625234 TAMILNADU
  2. 2. Meaning: Entrepreneurship development programme is a structured training program that can help you hone the abilities required for successful setting up a business and kick-starting your entrepreneurial journey. Need for EDP 1. Improve their knowledge base about entrepreneurship trends and opportunities 2. Develop their skills as an entrepreneur, innovator, and leader 3. Hone the attributes necessary for running successful entrepreneurial ventures
  3. 3. Meaning: A Project report which provides all the necessary details of the unit proposed to be established either for the manufacture of a product or for rendering a service. it is nothing but a blur print of all those activities that an entrepreneur proposes to engage in. Contents of the Project Report 1. General Information 2. Project Description 3. Market Potential 4. Capital Costs and Sources of Finance 5. Assessment of Working Capital Requirements 6. Financial Consideration 7. Economic and Social Considerations
  4. 4.  The establishment of DIC in 1978 was a landmark in the development of small and cottage industries in India.  DIC in the headquarters of the each district in India.  DIC was set up to provide under single roof all the services and support required by small and village entrepreneurs.
  5. 5. 1. Motivation Campaigns 2. Surveys 3. Actions Plans 4. Registration 5. Help to obtain credit 6. Guidance 7. Recommending application to Various Organisation 8. Marketing Assistance 9. Training 10. Entrepreneur Development Programme 11. Trade Fairs
  6. 6.  SIDO is the apex body and established in 1973.  SIDO is the nodal agency for formulating, co-ordinating and monitoring the policies and programmes for promotion and development of small scale industries. Functions of SIDO 1. Coordination 2. Industrial Development 3. Extension Services
  7. 7.  The State Industries Development Corporations are set up in various status under the Companies Act 1956 to cater to the primary development needs of tiny,small,and Village industries in the state.  In Tamilnadu the SIDCO was set up in 1970, for promotion and development of small – scale industries in the state.
  8. 8. 1. Formation of Industrial Estates 2. Marketing Assistance 3. Hire Purchase and Equipment Leasing Scheme 4. Export House 5. Industrial Development in Backward Areas
  9. 9.  The NSIC was set up in 1955, to promote and foster the growth of small – scale industries in the country. Functions of NSIC: 1. Supply of Machines on Hire Purchase 2. Government Stores Purchase Programme 3. Marketing Assistance 4. Exports 5. Supply of Scarce Raw Materials 6. Technical Training 7. Industrial Estates 8. Turnkey Projects
  10. 10.  The Promoters of ITCOT are IDBI, ICICI, IFC,SIPCOT, THC, SIDCO and commercial banks. Functions of ITCOT: 1. Core Consultancy Services 2. Energy Consultation Services 3. IT Consultancy
  11. 11.  The State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) was formed in the year 1971, to promote industrial growth in the State and to advance term loans to medium and large industries Functions of SIPCOT 1. Development of industrial complexes/parks/industrial estate with basic infrastructure facilities. 2. Establishing sector-specific Special Economic Zones (SEZs) 3. Implementation of Special infrastructure Projects
  12. 12.  TIIC, established in 1949, is the first State level Development Financial Institution promoted for catalyzing industrial development. Functions of TIIC  TIIC provides financial assistance for purchase of land, machinery and construction of buildings  The purpose could be for setting up new units / expansion / modernization / diversification of existing industries. Assistance is extended to both manufacturing and eligible service sector industries.  It focuses on extension of assistance to Micro, Small, and Medium enterprises, which account for 90% of the total assistance. Further about 40% of the total assistance is availed by first generation entrepreneurs.
  13. 13.  SIDBI set up on 2nd April 1990 under an Act of Indian Parliament,  It acts as the Principal Financial Institution for Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector as well as for co-ordination of functions of institutions engaged in similar activities.
  14. 14. 1. Refinance to SSI 2. SIDBI offers assistance to exports 3. Non finance services 4. Seed capital and also soft loan Assistance 5. Non finance services 6. Hire purchase financing 7. Assistance to other financial institutions 8. Modernization 9. Venture capital 10. Single window scheme
  15. 15. Meaning: The term “ incentives” mean stimuli for action. The stimuli motivates entrepreneurs to start and run small – scale units. The government offers various incentives to entrepreneurs to set up small scale units and run them efficiently. Objectives of Incentives:  To encourage entrepreneurs to take up industrial ventures  To ensures the competitive strength of the units  To attain balanced regional development
  16. 16. Meaning: A Subsidy mean is a government payment or grant to a private enterprise or institution for the good of the public. In India, subsidy by the government to attract industries to backward regions, to develop certain specific category of industries and also to give employment to women workers.
  17. 17. 1. Credit linked Capital Subsidy Schemes for Technology Upgradation 2. Market Development Assistance Schemes for MSME’s 3. Quality Upgradation through incentives 4. Financial Assistance for Bar Code 5. Food Processing Industry 6. Leather Industry 7. Coir industry 8. Subsidy for Backward Areas 9. Transportation Subsidy
  18. 18. THANK YOU

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