Shankaraiah N;Govt Polices Doc,

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Shankaraiah N;Govt Polices Doc,

  1. 1. Shankaraiah N. PAK-9120 Savithramma PAK-9119 Suchith kumar K M. PAK-9121 Yoshodhara B. PAK-9122 GOVERNMENT SCHEMES AND POLICY FOR ENTREPRENEURSHIP DEVELOPMENT Providing basic infrastructure, creating synergies between industries, upgrading of existing skills, focused marketing, using information and communication technology for building micro-enterprises etc. are integral parts of the new strategy. There are three government polices they are 1. New Industrial Policy 1991 2. New Small Enterprise Policy 1991 3. Export and Import Policy to Horticulture and Agriculture Sectors 1. New Industrial Policy 1991 Objectives • Development of the capital market. • Spread industrialization to backward areas through appropriate intensive institutions and infrastructural investment. • Dismantling of regulatory system. • Encouragement of entrepreneurship. 2. New Small Enterprise Policy 1991 The main thrust of New Small Enterprise Policy 1991 was to import more vitality and growth impetus to the sector to enable it to contribute its mite fully to the economy, particularly in terms of growth of output, employment and exports.
  2. 2. Some salient futures • Inclusion of industry-related services and business enterprises, irrespective of their location, as small scale industries. • Introduction of a scheme to integrated infrastructural development. • Market promotion of small scale industries products through cooperative / public sector institution. • Set up of Technology Development Cell in the Small Industries Development Organization. • Accord priority to Small and Tiny sector in the allocation of indigenous raw materials. • Setting up of an Export Development Centre in the Small Industries Development Organization (SIDO). • Widen the scope of the National Equity Fund (NEF), enlarge the single window scheme 2. Export and Import Policy to Horticulture and Agriculture Sectors (EXIM) Activities • Setting up Special Economic Zones (SEZs) • Aligning EXIM producers with WTO norms • Employment oriented measures • Diversification of markets • Marketing export more competitive Financial assistance for Entrepreneurs  Technical scheme: Technically qualified or experienced professionals-up to 7.50 lakhs.
  3. 3.  Special capital scheme: Soft loan assistance up to Rs.4 lakhs is available on soft term loan for technically qualified or experienced persons.  Seed Capital Scheme: An assistance towards equity on soft terms up to Rs. 15 lakhs along with term loan for technically qualified or experienced persons.  Composite Loan Scheme: Equipment finance and capital for artisans and rural industries.  Disabled Entrepreneurs: Hundred percent finance up to Rs.50,000 for disabled Entrepreneurs.  Modernization: for replacement / renovation of equipment for successful units which are in existence up to Rs.90 lakhs.

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