ASSISTANT PROFESSOR OF ECONOMICS
MADURAI DISTRICT -625234 TAMILNADU
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
Need for EDP
1. Improve their knowledge base about entrepreneurship trends
2. Develop their skills as an entrepreneur, innovator, and leader
3. Hone the attributes necessary for running successful
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
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.
1. Motivation Campaigns
3. Actions Plans
5. Help to obtain credit
7. Recommending application to Various Organisation
8. Marketing Assistance
10. Entrepreneur Development Programme
11. Trade Fairs
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
2. Industrial Development
3. Extension Services
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.
1. Formation of Industrial Estates
2. Marketing Assistance
3. Hire Purchase and Equipment Leasing Scheme
4. Export House
5. Industrial Development in Backward Areas
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
5. Supply of Scarce Raw Materials
6. Technical Training
7. Industrial Estates
8. Turnkey Projects
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
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
TIIC, established in 1949, is the first State level Development
Financial Institution promoted for catalyzing industrial
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
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.
SIDBI set up on 2nd April 1990 under an Act of Indian
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.
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
9. Venture capital
10. Single window scheme
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
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
1. Credit linked Capital Subsidy Schemes for Technology
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
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