2. Entrepreneurship is a key to the
national development and solution
of many problems. The process of
entrepreneurship is like planting
a new tree. An entrepreneur is
like a tree:
•A tree provides filtered air for
humans.
•Fruits for kids.
•Grass for animals.
•Home for birds and
•Wood for the farmer.
3. Entrepreneurship brings:
• A new solution to old human
problems.
• Entrepreneurship provide jobs for
skilled people.
• Entrepreneurship increase demand in
the market.
• Entrepreneurs brings competition to
produce top quality products and
services.
• It is a source of income for
government and influence society with
leadership skills.
4. Entrepreneurship is the results of
• Self-confidence
• Skills
• Desire to become rich
• Creativity
• Imagination
• Innovation
5. Entrepreneurs can change the
way we live and work. If
successful, their innovations
may improve our standard of
living, and in addition to
creating wealth with their
entrepreneurial ventures, they
also create jobs and the
conditions for a prosperous
society.
7. Innovative Entrepreneur
• Individual who has the ability to
undertake to create innovative
products according to the changing
demands of the market.
• They are always ready to take a risk
because they enjoy the excitement of
a challenge, and every challenge has
some risk associated with it.
Example:
Ratan Tata is said to be an innovative
entrepreneur, who launched the Tata
Nano car at a considerably low cost.
8. Imitating Entrepreneurs:
• These entrepreneurs are people who
follow the path shown by innovative
entrepreneurs.
• These do not make any innovations by
themselves.
• They just imitate the technology,
processes, methods pioneered by
others.
Example:
Walton B.D. has introduced its
motorbikes, refrigerators, televisions and
other electronic appliances in
Bangladesh not being the original
inventor of those products.
9. Fabien Entrepreneurs
• The dictionary meaning of the
term ‘Fabian’ is ‘a person seeking
victory by delay rather than by a
decisive battle’.
• Fabian entrepreneurs are those
individuals who do not show
initiative in visualizing and
implementing new ideas and
innovations wait for some
development which would
motivate them to initiate unless
there is an imminent threat to their
very existence.
• Fabian entrepreneurs are cautious
and skeptical in experimenting
change in their enterprises.
• Such entrepreneurs are shy, lazy
and lethargic.
10. Example:
Kodak, a company that
happened to be the market
leaders in producing analog
cameras but they did not realize
the change and the introduction
of the Digicam. For what they
lost their leadership, having lost
the leadership they have
diversified the business in
producing the Digicams instead
of producing Analog cameras.
11. Drone Entrepreneurs
• The dictionary meaning of the term
‘Drone’ is ‘A person who lives on the
labor of others’.
• Drone entrepreneurs are those individuals
who are satisfied with the existing mode
and speed of business activity and show no
inclination in gaining market leadership.
• In other words, drone entrepreneurs are
die-hard conservatives and even ready to
suffer the loss of business.
Example:
Citycell Telecom Bangladesh, in spite of
having knowledge about there market fall
they have not yet changed there business
policy.
12. Role of the Entrepreneur in Economy
Development
•Wealth Creation and Sharing
•Create Jobs
•Balanced Regional Development
•GDP and Per Capita Income
•Standard of Living
14. Government plays a very important
role in developing entrepreneurship.
Government develops industries in
rural and backward areas by giving
various facilities with the objective of
balanced regional development. The
government set programmes to help
entrepreneurs in the field of
technology, finance, market and
entrepreneurial development so that
they help to accelerate and adopt the
changes in industrial development.
Various institutions were set up by the
central and state governments in order
to fulfill this objective.
16. 1.Small Industries Development
Organization (SIDO)
SIDO was established in October 1973 now
under Ministry of Trade, Industry, and
Marketing. SIDO is an apex body at Central
level for formulating policy for the
development of Small Scale Industries in the
country, headed by the Additional Secretary &
Development Commissioner (Small Scale
Industries) under Ministry of Small Scale
Industries Govt. of India. SIDO is playing a
very constructive role in strengthening this
vital sector, which has proved to be one of the
strong pillars of the economy of the country.
SIDO also provides extended support through
Comprehensive plan for the promotion of
rural entrepreneurship.
17. 2. Management Development Institute
(MDI)
MDI is located at Gurgaon (Haryana). It
was established in 1973 and is sponsored
by Industrial Finance Corporation of
India, with objectives of improving
managerial effectiveness in the industry.
It conducts management development
programs in various fields. It also
includes the programmes for the officers
of IAS, IES, BHEL, ONGC and many
other leading PSU’s.
18. 3.Entrepreneurship Development Institute of India (EDII)
Entrepreneurship Development Institute of India (EDII), an
autonomous and not-for-profit institute, set up in 1983, is
sponsored by apex financial institutions – the IDBI Bank
Ltd., IFCI Ltd., ICICI Bank Ltd. and the State Bank of India
(SBI). EDII has helped set up twelve state-level exclusive
entrepreneurship development centers and institutes. 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, efforts to develop
entrepreneurship by way of sharing resources and organizing
training programmes, have helped EDII earn accolades and
support from the World Bank, Commonwealth Secretariat,
UNIDO, ILO, British Council, Ford Foundation, European
Union, ASEAN Secretariat, and several other renowned
agencies. EDII has also set up Entrepreneurship Development
Centre at Cambodia, Lao PDR, Myanmar, and Vietnam and is
in the process of setting up such centers at Uzbekistan and
five African countries.
19. 4. Small Scale Industries Board (SSIB)
The Small Scale Industries Board (SSI Board) is the
apex advisory body constituted to render advice to
the Government on all issues pertaining to the small
scale sector. It determines the policies and
programmes for the development of small industries
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, Reserve Bank of India, State Bank of
India, Indian Small Industries Board, Non-
government members such as Public Service
Commission, Trade and Industries
Members.
20. 5.National Institution of Entrepreneurship and
Small Business Development (NIESBUD), New
Delhi
It was established in 1983 by the Government of
India. It is an apex body to supervise the activities of
various agencies in the entrepreneurial development
programmes. It is a society under Government of
India Society Act of 1860.
21. 6. National Institute of Small Industries
Extension Training(NISIET)
It was established in 1960 with its headquarters at
Hyderabad. The main objectives of the National
Institute of Small Industries Extension Training
are:
i. Directing and coordinating syllabi for the
training of small entrepreneurs.
ii. Advising managerial and technical aspects.
iii. Organizing seminars for small entrepreneurs
and managers.
iv. Providing services regarding research and
documentation.
22. 7. National Small Industries Corporation
Ltd. (NSIC)
The NSIC was established in 1995 by the
Central Government with the objective of
assisting the small industries in the
Government purchase programs. The
corporation provides a vast market for the
products of small industries through its
marketing network. It also assists the small
units in exporting their products in foreign
countries.
24. Entrepreneurship is an important engine of
growth in the economy and
entrepreneurship play a vital role in the
development of a country’s economy as this
is the key contributor to innovativeness,
product improvement and reduction of
unemployment. Young entrepreneurs have
been fueled due to high levels of
unemployment amongst young people and
as a way to foster employment opportunities
or to address social exclusion. Youth
entrepreneurship has gained more
importance in recent years in many
countries, with increased interest in
entrepreneurship as a way of boosting
economic competitiveness and promoting
regional development.
26. Dairy Entrepreneurship
Development Scheme
Dairy Entrepreneurship
Development Scheme aims at
helping entrepreneurs in the
field of Agriculture, pets &
animals, and social impact to
set up small dairy farms and
incentives are provided to cover
the cost of the required
equipment or establishment of
the facility.
27. Single Point Registration Scheme
(SPRS)
A great scheme for Micro and Small
Enterprises, that provides an exemption
from payment of Earnest Money Deposit
(EMD). Under this scheme, the tenders
are issued free of cost.
28. Modified Special Incentive
Package Scheme (M-SIPS)
The M-SIPS scheme provides
capital subsidy of 20% in SEZ and
25% subsidy in non-SEZ for
business units engaged in
manufacturing of electronics in the
fields of the Internet of Things,
aeronautics/aerospace & defense,
automotive, renewable energy, non-
renewable energy, technology, green
technology and nanotechnology
29. NewGen Innovation and Entrepreneurship
Development Centre (NewGen IEDC)
NewGen IEDC provides a limited one-time, non-
recurring financial assistance to entrepreneurs up
to ₹25 Lakhs in the fields of chemicals,
technology hardware, healthcare & life sciences,
aeronautics/aerospace & defense, agriculture, AI
(artificial intelligence), AR/VR (augmented +
virtual reality), automotive, telecommunication &
networking, computer vision, construction,
design, non-renewable energy, renewable energy,
green technology, fin-tech, Internet of Things,
nanotechnology, social impact, food &
Beverages, pets & animals, textiles & apparel.
30. Atal Incubation Centers
(AIC)
AIC is a scheme for entities
like higher educational
institutions, R&D institutes,
corporate sector, alternative
investment funds registered
with SEBI, business
accelerators, group of
individuals, and individuals
who can apply to establish an
AIC and get grant-in-aid of
₹10 Cr for a maximum of five
years.
32. 1. Stree Shakti Package For Women
Entrepreneurs
This scheme is offered by most of the SBI
branches to women who have 50% share in
the ownership of a firm or business and
have taken part in the state agencies run
Entrepreneurship Development
Programmes (EDP).
The scheme also offers a discounted rate of
interest by 0.50% in case the amount of
loan is more than ₹2 lakhs.
33. 2. Bharatiya Mahila Bank Business Loan
This loan is a support system for budding women
entrepreneurs looking to start new ventures in the
fields of the retail sector, loan against property,
MICRO loans, and SME loans.
The maximum loan amount under this loan goes up
to ₹20 crores in case of manufacturing industries
and also a concession is available to the extent of
0.25% on the interest rate and interest rates usually
range from 10.15% and higher.
Additionally, under the Credit Guarantee Fund
Trust for Micro and Small Enterprises (CGTMSE),
there is no requirement of collateral security for a
loan of up to ₹1 crore.
34. 3. Dena Shakti Scheme
This scheme is provided by Dena
bank to those women entrepreneurs
in the fields of agriculture,
manufacturing, micro-credit, retail
stores, or small enterprises; who are
in need of financial assistance. The
interest rate is also decreased by
0.25% along with the maximum
loan amount being ₹20 lakhs for
retail trade; education and housing
whereas ₹50,000 under the
microcredit.
35. 4. Udyogini Scheme
This scheme is offered by Punjab and
Sind Bank so as to provide women
entrepreneurs involved in Agriculture,
retail and small business enterprises to
get loans for business at flexible terms
and concessional interest rates. The
maximum amount of loan under this
scheme for women between the age
brackets of 18-45 years is ₹1 lakhs but
your family income is also taken into
consideration and is set at ₹45,000 per
annum for SC/ST women.
36. 5. Cent Kalyani Scheme
The scheme is offered by the Central Bank
of India with the aim of supporting women
in starting a new venture or expanding or
modifying an existing enterprise. This loan
can be availed by women who are involved
in village and cottage industries, micro,
small and medium enterprises, self-
employed women, agriculture and allied
activities, retail trade, and government-
sponsored programs.
This scheme requires no collateral security
or guarantor and charges no processing
fees. And the maximum amount that can
be granted under the scheme is Rs. 100
lakhs
37. 6. Mahila Udyam Nidhi Scheme
This scheme is launched by Punjab National
Bank and aims at supporting the women
entrepreneurs involved in the small scale
industries by granting them soft loans that
can be repaid over a period of 10 years.
Under this scheme there are different plans
for beauty parlors, day care centers, purchase
of auto rickshaws, two-wheelers, cars, etc.
the maximum amount granted under this
scheme is ₹10 lakhs and the interest depends
upon the market rates.
38. 7. Mudra Yojana Scheme For Women
This scheme has been launched by the Govt. of India
for individual women wanting to start small new
enterprises and businesses like beauty parlors, tailoring
units, tuition centers, etc. as well as a group of women
wanting to start a venture together. The loan doesn’t
require any collateral security and can be availed as per
3 schemes –
i. Shishu – loan amount is limited to ₹50,000 and can
be availed by those businesses that are in their initial
stages.
ii. Kishor – loan amount ranges between ₹50,000 and
₹5 lakhs and can be availed by those who have a well-
established enterprise.
iii. Tarun – loan amount is ₹10 lakhs and can be
availed by those businesses that are well established
but require further funds for the purpose of expansion
39. 8. Orient Mahila Vikas Yojana
Scheme
This scheme is provided by Oriental
Bank of Commerce to those women who
hold a 51% share capital individually or
jointly in a proprietary concern. No
collateral security is required for loans of
₹10 lakhs up to ₹25 lakhs in case of
small-scale industries and the period of
repayment is 7 years.
40. 9.Annapurna Scheme
The Annapurna Scheme aims at providing
food security to meet the requirement of those
Senior Citizens who though eligible have
remained uncovered under the National Old
Age Pension Scheme (NOAPS). Under
the Annapurna Scheme, 10 Kg. of food grains
per month are to be provided 'free of cost' to the
Beneficiary.
42. 1. Prime Minister Employment
Generation Programme
The scheme provides a subsidy for
entrepreneurs. It has been implemented
by Khadi and Village Industries
Commission (KVIC) through identified
banks, only for new projects.
Nature of assistance: Subsidy varies
from 15% to 35%, with 5% to 10%
beneficiaries’ contribution, and the
balance through banks as term loan and
working capital loan
Who can apply: Aspiring entrepreneurs,
Self Help Groups (SHGs), etc.,
43. 2. Janashri Bima Yojana for Khadi
Artisans
It is group insurance for khadi
artisans formulated by KVIC with
LIC
Nature of assistance: Insurance
cover to khadi artisans for natural
death due to accident and loss of both
eyes and both limbs, plus a
scholarship up to 12th standard for
two children
Who can apply: Khadi spinners and
weavers aged between 18 years and
59 years, and below and marginally
above the poverty line
44. 3. Market Development Assistance
Under this scheme, financial assistance are
provided for khadi institutions to improve
outlets and production processes besides
giving incentive to customers
Nature of assistance: 20% of production
cost for khadi cotton, woolen silk and poly
vastra against the approved production target
Who can apply: Khadi institutions of A+, A,
B and C categories
45. 4. Rejuvenation, Modernisation
and Technology Upgradation of
Coir Industry (REMOT)
The credit linked subsidy for setting
up of coir units with project cost
plus one cycle of working capital
(up to 25% of the project cost and
not to be considered for subsidy)
Nature of assistance: 55% bank
loan, 40% margin money (subsidy)
as government grant, 5% beneficiary
contribution
Who can apply: Individuals, SHGs,
NGO, etc.
46. 5. Centrally Sponsored Schemes (CSS) of
Export Market Promotion
The CSS is provided for the overall
development of coir industry; to support the
modernisation of export-oriented units to
popularise coir products in global markets, and
to participate in international fairs, seminars,
etc.
Nature of assistance: Up to Rs 2 lakh for
participating in fairs and 25% of production
cost with a ceiling of Rs 15,000 for publicity
material
Who can apply: Any coir MSME, any coir
exporter MSME with Free-on-Board (FoB)
turnover below Rs 2 crore and registered with
Coir Board
47. 6. Skill Upgradation & Quality
Improvement And 19 Mahila Coir
Yojana
Skill training to develop the coir
industry, and the provision of spinning
equipment to women to empower them
Nature of assistance: Two months of
training with Rs 750 per month
stipend, a one-time subsidy of 75%,
cost of motorized traditional rates, with
a ceiling
Who can apply: Any coir MSME, any
coir exporter MSME
48. 7. Development of Production
Infrastructure
Provides modern infrastructure for
production units leading to improved
productivity, quality and employment
opportunities
Nature of assistance: 25% cost of
equipment with a maximum ceiling of
Rs 9 lakh and up to Rs 2 lakh for
modernization/renovation
Who can apply: New coir processing
units registered with Coir Board
49. 8. Welfare Measures Scheme (Coir
Workers)
Accident insurance providing financial
compensation for the disabled/nominee
Nature of assistance:
Accident death: Rs 50,000;
Permanent total disability: Rs 50,000;
Permanent partial disability: Rs 25 000;
Provision for finger cut: as applicable
Who can apply: Coir workers aged
above 18 years
50. 9. Programme for Promotion of Village
Industry Cluster - Rural Industry Service
Centre (RISC) for Khadi and Village
Industry
To provide infrastructure support and services
for local units to upgrade production capacity
and skills, and market promotion
Nature of assistance: Maximum of Rs 25
lakh with 25% self-contribution, in three
equal installments
Who can apply: Farmers, entrepreneurs,
NGOs, SHGs, etc.,