ICT Role in 21st Century Education & its Challenges.pptx
IME - UNIT -4.pptx
1. UNIT IV
Role of Central Government and State
Government in promoting Entrepreneurship -
Introduction to various incentives, subsidies and
grants - Export Oriented Units - Fiscal and Tax
concessions available . Role of following
agencies in the Entrepreneurship Development -
District Industries Centers (DIC), Small Industries
Service Institute (SISI), Entrepreneurship
Development Institute of India (EDII), National
Institute of Entrepreneurship & Small Business
Development (NIESBUD), National
Entrepreneurship Development Board (NEDB).
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11. Why Need For Incentives and
Subsidies
• To Generate More Employment and Remove
Unemployment
• To Promote Entrepreneurship
• To Remove Regional Disparities in
Development
• To Provide Competitive Strength, Survival,
and Growth
12. Export Oriented Units
• Introduced in 1981, the scheme aims to increase exports from
India, to thereby increase foreign exchange earnings and create
employment.
• This scheme also complements other schemes such as Free
Trade Zone (FTZ) and Export Processing Zone EPZ in India.
• The provisions of Chapter 6 of the Foreign Trade Policy and its
procedures are applicable to EOU, as well as to Electronics
Hardware Technology Parks (EHTPs), Software Technology
Parks (STPs) and Bio-Technology Parks (BTPs).
• In common parlance, EOU/STP/EHTP/BTP are together called
the EOU scheme. Units registered under the EOU scheme are
required to export 100% of their products unless they sell a
portion of it to Domestic Tariff Area (DTA).
13. • Benefits of Export Oriented Units
• They can procure raw materials and capital goods
through domestic sources or import without paying
any duty on the purchase
• They can claim reimbursement on GST amounts they
pay
• In case they have paid duty on the purchase of fuel
from domestic oil companies, they can claim a refund
on the same
• EOUs are allowed to claim an input tax credit on goods
and services
• EOUs enjoy priority-basis clearance facilities
• EOUs are not required to obtain the industrial licensing
which is required for manufacturing items that are
reserved for the SSI sector
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15. • The various promotional agencies set up by the central
government include:-
• 1. Small industries development organization ( SIDO )
• 2. Management development institution ( MDI )
• 3. Entrepreneurship development institute of India ( EDI )
• 4. All India small scale industries board ( AISSIB )
• 5. National Institution of Entrepreneurship and small business
development ( NIESBUD )
• 6. National Institute of Small Industries Extension Training
• 7. National Small Industries Corporation Limited ( NSIC )
16. Institutions for Entrepreneurial
Development
• District Industries Centre (DIC) –
• State Small Industries Corporation (SSIC) –
• Small Industries Development Corporation (SIDCO) –
• Industrial and Technical Consultancy Organization of
• Tamilnadu (ITCOT) –
• National Alliance of Young Entrepreneurship (NAYE) –
Commercial Banks –
• New Entrepreneurial Development Agency (NEDA) –
• District Industries Centre –(DIC)
• Indian Investment Centre.(IIC)
