insutitutional support to entrepreneurs

8/8/2019 Insutitutional Support to Entrepreneurs

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FINANCING OF PROJECTS-

INSTITUTIONAL SUPPORTS



ROLES PLAYED BY

AGENCIES

ENTREPREN

EURAL

DEVELOPME

NT

PROMOTIONAL

SUPPORTIVE

REGULAT

ORY



PROMOTIONAL ROLE Both government and non-

governmental agencies play a role.

They motivate, guide and encourage

the budding entrepreneurs.The objective is to encourage people

to start business of their own and take

independent decisions.Potential entrepreneurs are identified

by proper research.



Types of promotional roles:

Awareness creation program

Program on creation of newentrepreneurs

Program for currententrepreneurs



SUPPORTIVE ROLE

In industrial estates tax concession is given inorder to motivate entrepreneurs.

Industries such as SIPCOT (State industries

promotion council of Tamil Nadu) play a role. The institutes give loans at a concessional rate

interest and support the entrepreneurs.



REGULATORY SUPPORT

This is required in order tocontrol the entrepreneurs and

ensure that the government rulesand regulations are adhered to.

Proper and simple rules will

enable the emergence of manyentrepreneurs.



CLASSIFICATION OF SUPPORTIVE

INSTITUTIONS

SUPPORTIVEINSTITUTIONS

Promotion & developmentSIPCOT, DIC , SIDO

Financial Support

IDBI, ICICI, SIDBI



DISTRICT INDUSTRIES CENTERS

(DIC)



DISTRICT INDUSTRIES CENTER

Started in the year 1978 to provide

integrated administrative framework atthe district level for promotion of smallscale industries in rural areas.

They are the implementing arm of the

various schemes offered by the Centraland State Government from time to time.

At present there are 422 DICs operating in431 districts of our country.



The organizational structure of DICS

consists of General Manager,Functional Managers and ProjectManagers to provide technical

services in the areas relevant to theneeds of the district concerned. Thesuccess of DICs depend largely on the

General Managers.



FUNCTIONS OF DIC

Identifying potential entrepreneurs byconducting motivational campaigns

throughout the districts specially inPanchayat union head quarters.

Provisional and permanentregistration under SSI and issue of the

certificate.To prepare and keep model project

profiles for reference of the

entrepreneurs.



To guide entrepreneurs in mattersrelating to selecting the mostappropriate machinery andequipment, sources of it supply andprocedure for importing machineries.

To provide guidance for appropriateloan amount and documentation.

To assist entrepreneurs for availingland and shed equipment and tools,furniture and fixtures.



To appraise the worth of the project-

proposals received fromentrepreneurs.

To help the entrepreneurs in

obtaining requiredlicenses/permits/clearance.



NATIONAL SMALL INDUSTRIES

CORPORATION (NSIC)



NSIC was set up in 1955 in New Delhi topromote, aid and facilitate the growth ofsmall scale industries in the country.

OBJECTIVES OF NSIC:

Simulation and support- Financial,

marketing and technological support.Sustenance: Raw material supply and

human resource.

Growth: Strategic alliance with institutions,international and awareness programs.

insutitutional support to entrepreneurs

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