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CONTRIBUTION OFTHEGOVERNMENT FOR

ANENTREPRENEURSHIPDEVELOPMENT

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Entrepreneur

Joseph A. Schumpeter defines entrepreneur as

The entrepreneur in an advanced economy is anindividual who introduces something new in the

economy a method of production not yettested by experience in branch of manufactureconcerned, a product with which consumers arenot familiar, a new source of raw material or of

new markets and the like.

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Opportunity in India

Stable democratic environment over 55 years of

independence

Large and growing market

World class scientific, technical and managerial

manpower

Cost-effective and highly skilled labor

Abundance of natural resources

Large English speaking population

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Well-established legal system with independent judiciary

Developed banking system and vibrant capital market

Well developed accountancy, legal, actuarial andconsultancy profession

Surveys by leading organizations rate India among thetop three investment hot spots and one of the fastest

growing economies in the world

Opportunity in India

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Interactions with

Government

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Why is the

entrepreneurshipdevelopment necessary

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Government support for

entrepreneurshipdevelopment

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Governments supportedorganisations

SMALL INDUSTRIAL DEVELOPMENT ORGANISATION (SIDO)

NATIONAL INSTITUTE FOR ENTREPRENEURSHIP AND SMALLBUSINESS DEVELOPMENT (NIESBUD)

ENTREPRENEURSHIP DEVELOPMENT INSTITUTE OF INDIA(EDI)

TECHNICAL CONSULTANCY ORGANISATION (TCOs) STATE LEVEL INSTITUTION

SMALL INDUSTRIES CORPORATIONS

STATE FINANCIAL CORPORATION (SFCs)

STATE INDUSTRIAL DEVELOPMENT CORPORATIONS (SIDCs)

KHADI AND VILLAGE INDUSTRIAL DEVELOPMENT SCHEME(KBIC)

SMALL INDUSTRIAL DEVELOPMENT BANK OF INDIA(SIDBI)

THE NATIONAL SCIENCE AND TECHNOLOGY ENTREPRENEURSHIPDEVELOPMENT BOARD(NSTEDB)

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Government provides support in thefollowing directions

Finance

Information

Consulting Training

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The Support is provided through thatprograms

Business information and consulting

Market promotion of goods andservices produced by enterprise

Loan Guarantees provision

Innovations and modern

technologies application Business training

Support to start-up entrepreneurs

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Business Information

Business and information guides,reference books and professionalliterature

Supplier and customer information Equipment and work stations Innovations and new technologies Business related legal acts Possible sources of financing opportunities Intellectual property rights protection Other, as requested

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Business Consulting

Legal advise Business activity analysis Development of investment and business

plans Management and marketingAccounting and financial management Tax and customs regulations

Innovations, new technologies andintellectual property rights protection

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Business Training

Clarifications on the tax and customs

Management

Marketing

Labour legislation

Business law

Sales techniques and skills

Human resource management

Time management

Customer services

Financial management

Business ethics, as well others as requested

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Financial Support

The Loan Guarantees Provision Program is

directed to the solution of the problem of

pledge and the expansion of the credit

opportunities in the remote regions through

provision of loan guarantees to SMEs.

St t E t hi

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Start-up EntrepreneurshipSupport Program

The Start-up Business Support Program is aimedat overcoming problems of lack of business skills,insufficient knowledge of marketing and financial

planning, and the unavailability of businessconsulting and training services. The programincludes both training and consultingcomponents. In the course of the training

participants discuss their business ideas. Themost active participants having prospectivebusiness idea become long-term beneficiaries.

M k t P ti

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Market Promotionof Goods and Services

Implementation of ISO 9000-2001 QualityManagement

System and other international standards; Design and publication of:

Information brochures Posters and advertisements Labels Packaging with company logos

Design and creation of web sites Participation in exhibitions Other, as requested

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