CONTRIBUTION OF THE GOVERNMENT FOR AN ENTREPRENEURSHIP

DEVELOPMENT

Entrepreneur

Joseph A. Schumpeter defines entrepreneur as The entrepreneur in an advanced economy is an individual who introduces something new in the economy a method of production not yet tested by experience in branch of manufacture concerned, a product with which consumers are not familiar, a new source of raw material or of new markets and the like.

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

Opportunity in India

Well-established legal system with independent judiciary Developed banking system and vibrant capital market Well developed accountancy, legal, actuarial and consultancy profession Surveys by leading organizations rate India among the top three investment hot spots and one of the fastest growing economies in the world

Interactions with Government

Why is the entrepreneurship development necessary

Government support for entrepreneurship development

Governments supported organisations

SMALL INDUSTRIAL DEVELOPMENT ORGANISATION (SIDO) NATIONAL INSTITUTE FOR ENTREPRENEURSHIP AND SMALL BUSINESS 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 ENTREPRENEURSHIP DEVELOPMENT BOARD(NSTEDB)

Government provides support in the following directions

Finance Information Consulting Training

The Support is provided through that programs

Business information and consulting Market promotion of goods and services produced by enterprise Loan Guarantees provision Innovations and modern technologies application Business training Support to start-up entrepreneurs

Business Information

Business and information guides, reference books and professional literature 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

Business Consulting

Legal advise Business activity analysis Development of investment and business plans Management and marketing Accounting and financial management Tax and customs regulations Innovations, new technologies and intellectual property rights protection

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

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.

Start-up Entrepreneurship Support Program

The Start-up Business Support Program is aimed at overcoming problems of lack of business skills, insufficient knowledge of marketing and financial planning, and the unavailability of business consulting and training services. The program includes both training and consulting components. In the course of the training participants discuss their business ideas. The most active participants having prospective business idea become long-term beneficiaries.

Market Promotion of Goods and Services

Implementation of ISO 9000-2001 Quality Management System and other international standards; Design and publication of:

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

Information brochures Posters and advertisements Labels Packaging with company logos