Role of DISTRICT INDUSTRY CENTRES in development of young enterpreneurs.
Helpful in Enterpreneurship development syllabus of Undergraduate courses.
Development of young enterprises
The document discusses India's industrial licensing policy. It provides context on how the government established a licensing system in 1951 to control industries. Licenses specify production details like products, capacity, and location. The objectives of licensing were to encourage small industries and balanced regional development. Compulsions for licensing included registration of existing units and approval for new units, expansions, and location changes. Criticisms included that licensing discouraged entrepreneurs and had conflicting objectives and lengthy procedures. The present policy requires licenses only for 5 industries and protects small industries.
The document provides an overview of Maharashtra's Package Scheme of Incentives from 2013-2018. The scheme aims to promote industrialization by providing various fiscal incentives to new and expanding industrial units based on their location and investment size. Key benefits include VAT refunds, electricity duty exemption, power tariff subsidy, interest subsidy, and stamp duty waiver. Eligible units must fall under micro, small, medium or large & mega categories and be located in designated incentive zones to qualify for the subsidies and tax breaks outlined in the scheme.
Industrial policy and package scheme of incentives 2013mianagpur
This document outlines the key details of the PSI 2013 industrial policy for Maharashtra. It covers eligible industry types, area classifications, definitions of new/existing/expansion units, eligibility criteria for mega projects, fixed asset categories, and the basket of financial incentives available to new MSME and LSI units in different areas. It also discusses annual caps on incentives, application process, and other policy initiatives around infrastructure development, clusters, and support for MSMEs.
The document summarizes the Package Scheme of Incentives 2013 (PSI 2013), a government scheme that provides incentives to new and expanding industrial units located in developing regions of India. The PSI 2013 scheme aims to promote industrial development through private and public investment and is available to industries, manufacturing, food processing, and other eligible units. The amount of incentives available depends on the area where the unit is located, with less developed areas receiving higher incentives. Eligible units must obtain an Eligibility Certificate and meet requirements regarding investment amounts, employment increases, and submitting audited financial statements to qualify for the incentives.
Financial Incentives in Industrial Policy of Maharashtra, 2013Nitin Pahilwani
The document outlines the financial incentives provided in the Industrial Policy of Maharashtra from 2013-2018. It details the eligible industrial units, which include mega/ultra mega projects, large scale projects, and medium and small enterprises. It then provides information on the various financial incentives offered, including industrial promotion subsidies, interest subsidies, electricity duty exemptions, stamp duty waivers, power tariff subsidies, and incentives for strengthening MSMEs. It concludes with monetary ceilings on the total incentives available based on the type and location of the industrial unit.
17 February – The Seventh Meeting of the Working Group on Investment Zones in Iraq, Paris, France
Session 1: Rationales for Special Economic Zones (SEZs) and Best Practices
SEZ Case Studies – Anders JÖNSSON, Policy Analyst, Global Relations Secretariat, OECD and Mike Pfister, Policy Analyst, Investment Division, Directorate for Financial and Enterprise Affairs, OECD
The document provides information about the Export Marketing Investment Assistance (EMIA) scheme run by the Department of Trade and Industry in South Africa. The EMIA scheme aims to promote exports and attract foreign direct investment by partially funding various export marketing and investment activities. Eligible applicants can receive grants to cover costs associated with exhibitions, market research, product registration, and inbound/outbound investment missions. The summary outlines the objectives, eligible criteria, documentation required, and contact details for the EMIA administrators.
The document discusses India's industrial licensing policy. It provides context on how the government established a licensing system in 1951 to control industries. Licenses specify production details like products, capacity, and location. The objectives of licensing were to encourage small industries and balanced regional development. Compulsions for licensing included registration of existing units and approval for new units, expansions, and location changes. Criticisms included that licensing discouraged entrepreneurs and had conflicting objectives and lengthy procedures. The present policy requires licenses only for 5 industries and protects small industries.
The document provides an overview of Maharashtra's Package Scheme of Incentives from 2013-2018. The scheme aims to promote industrialization by providing various fiscal incentives to new and expanding industrial units based on their location and investment size. Key benefits include VAT refunds, electricity duty exemption, power tariff subsidy, interest subsidy, and stamp duty waiver. Eligible units must fall under micro, small, medium or large & mega categories and be located in designated incentive zones to qualify for the subsidies and tax breaks outlined in the scheme.
Industrial policy and package scheme of incentives 2013mianagpur
This document outlines the key details of the PSI 2013 industrial policy for Maharashtra. It covers eligible industry types, area classifications, definitions of new/existing/expansion units, eligibility criteria for mega projects, fixed asset categories, and the basket of financial incentives available to new MSME and LSI units in different areas. It also discusses annual caps on incentives, application process, and other policy initiatives around infrastructure development, clusters, and support for MSMEs.
The document summarizes the Package Scheme of Incentives 2013 (PSI 2013), a government scheme that provides incentives to new and expanding industrial units located in developing regions of India. The PSI 2013 scheme aims to promote industrial development through private and public investment and is available to industries, manufacturing, food processing, and other eligible units. The amount of incentives available depends on the area where the unit is located, with less developed areas receiving higher incentives. Eligible units must obtain an Eligibility Certificate and meet requirements regarding investment amounts, employment increases, and submitting audited financial statements to qualify for the incentives.
Financial Incentives in Industrial Policy of Maharashtra, 2013Nitin Pahilwani
The document outlines the financial incentives provided in the Industrial Policy of Maharashtra from 2013-2018. It details the eligible industrial units, which include mega/ultra mega projects, large scale projects, and medium and small enterprises. It then provides information on the various financial incentives offered, including industrial promotion subsidies, interest subsidies, electricity duty exemptions, stamp duty waivers, power tariff subsidies, and incentives for strengthening MSMEs. It concludes with monetary ceilings on the total incentives available based on the type and location of the industrial unit.
17 February – The Seventh Meeting of the Working Group on Investment Zones in Iraq, Paris, France
Session 1: Rationales for Special Economic Zones (SEZs) and Best Practices
SEZ Case Studies – Anders JÖNSSON, Policy Analyst, Global Relations Secretariat, OECD and Mike Pfister, Policy Analyst, Investment Division, Directorate for Financial and Enterprise Affairs, OECD
The document provides information about the Export Marketing Investment Assistance (EMIA) scheme run by the Department of Trade and Industry in South Africa. The EMIA scheme aims to promote exports and attract foreign direct investment by partially funding various export marketing and investment activities. Eligible applicants can receive grants to cover costs associated with exhibitions, market research, product registration, and inbound/outbound investment missions. The summary outlines the objectives, eligible criteria, documentation required, and contact details for the EMIA administrators.
Direct and Indirect Tax benefit For Industries with special Incentive Scheme for Industries in Maharashtra - The Maharashtra government has recently declared the new Industrial Policy -2013 (Government resolution no. PSI-2013/CT-54/IND-8) (hereinafter referred as PSI-2013) to ensure sustained industrial growth through various innovative initiatives so as to further improve the conducive industrial climate in the State and to provide global competitive edge to the industries in the State.
The document summarizes the history and development of Special Economic Zones (SEZs) in India. It discusses how SEZs evolved from Export Processing Zones and initially operated under foreign trade policy before the SEZ Act was passed in 2005. The Act established a single window clearance system and incentives like tax exemptions for both SEZ units and developers. SEZs have significantly increased India's exports, with export growth from SEZs reaching over 120% in some years. There are now 173 operational SEZs across India.
This document discusses foreign direct investment (FDI) in India. It provides background on FDI, including its introduction in India in 1991. The key advantages of FDI for India are listed as economic growth, increased employment, superior products, and investment. Some sectors that attract significant FDI are infrastructure, automotive, retail, and technology. While there are also some disadvantages like limited jobs and loss of control, the document concludes that FDI provides more benefits to India given its developing economy through job creation, revenue growth, and higher quality goods.
Bihar Industrial Area Development AuthoritySumit Suman
The Bihar Industrial Area Development Authority (BIADA) is the key agency for allotting land to industrial units in Bihar. BIADA has four regional offices and oversees 50 industrial areas across the state with 182 acres of available land. BIADA's role is to develop necessary infrastructure in industrial areas and allot land to manufacturing units to promote inclusive economic development in Bihar.
The industrial policy means the procedures, principles,policies rules and regulations which control the industrial undertaking of the country and pattern of industrialization. It explains the approach of Government in context to the development of industrial sector.
New Export Promotion Scheme RoDTEP : Implemented without Rates Announced - By...SN Panigrahi, PMP
The document discusses India's new Remission of Duties and Taxes on Exported Products (RoDTEP) scheme. The key points are:
1) RoDTEP is a new scheme to refund unrefunded taxes and duties on exported products to make them competitive globally. It replaces the MEIS scheme which was found to violate WTO rules.
2) The scheme aims to refund all taxes and duties that are not currently exempted or rebated by any other mechanism, including certain state and central levies.
3) Exporters can claim refunds under the scheme as a percentage of the export product's FOB value. However, rates under the scheme are yet to be
The industrial policy of Nepal aims to promote industrial development, create jobs, and increase incomes to contribute to the national economy. The long-term goal is to minimize poverty through sustainable industrial growth in cooperation between public, private, and cooperative sectors. Objectives include increasing exports, production, employment, and national income through competitive industries while ensuring balanced regional development using local resources. Major policies focus on export promotion, new technologies, industries using local resources, and strengthening the industrial foundation. Challenges include political instability, energy shortages, weak infrastructure, lack of skilled labor, and global competition.
The document outlines India's new industrial policy introduced in 1991. It aimed to liberalize India's economy by removing restrictions on private businesses. Specifically, the key changes included abolishing industrial licensing for most industries, reducing public sector reservations and allowing greater private sector participation, liberalizing foreign investment policies, and abolishing parts of the MRTP Act to reduce red tape. The objectives were to unleash private investment, boost industrialization, and integrate India's economy globally by making it more competitive.
E-Governance in the offices of Director General for Foreign Trade (DGFT)Nalin Adhikari
The document discusses the computerization of the Director General for Foreign Trade (DGFT) offices in India. DGFT is responsible for implementing the country's Export-Import policy and promoting foreign trade. It underwent two phases of computerization to reduce physical interfaces, increase transparency, and process electronic applications within 24 hours. This included developing software for import/export licensing, monitoring, and an online importer/exporter code system. The objectives were to enable e-filing of applications, digital approvals, and provide licensing information across DGFT offices for analysis and dissemination. This started India's e-governance initiatives in DGFT.
The document summarizes India's Foreign Trade Policy for 2009-2014. It discusses the objectives of promoting exports and generating employment. Key aspects covered are:
- Strategies to simplify procedures, reduce costs and develop India as a manufacturing and trading hub.
- Promotional measures like Market Development Assistance, Market Access Initiative, and focus product schemes.
- Institutional setup including various government bodies and public sector undertakings involved in foreign trade.
- Announcements made in the 2009 policy like expansion of focus markets and products, higher export targets and incentives for sectors like gems, marine products, pharmaceuticals etc.
Maharashtra Industrial Policy 2013
The fresh policy for Industrial Investment in Maharashtra.
You can recover upto 70 % of your total investment with Incentives for Industries with high : Capital Investment, Tax, CST and Vat Payment, Energy or Electricity and water consumption.
Transport and Marketing Assistance (TMA) : An Incentive Scheme for Agricultu...SN Panigrahi, PMP
As a part of implementation action plan of Agriculture Export Policy, 2018, which the Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved in December 2018, with an aim to double the shipments to $60 billion by 2022 and integrating Indian farmers and agricultural products to the global value chain, the government now announced the scheme for providing Financial Assistance for Transport and Marketing of Agriculture Products to boost Exports of such commodities to certain countries in Europe and North America
The commerce ministry has laid out a detailed procedure for claiming benefits under the Transport and Marketing Assistance (TMA) scheme, which aims at boosting agricultural exports
This document provides information about investment promotion policies and criteria in Thailand. It outlines 6 key policies for investment promotion, including enhancing tax incentives, promoting quality standards, repealing export requirements, special promotion for low-income regions, minimum capital requirements, and priorities for certain industries and activities. It also lists 5 criteria for determining if a project qualifies for promotion, such as value added, debt-equity ratios, use of modern machinery, environmental protection systems, and feasibility studies for large investments. Concession projects and state enterprise privatizations have additional criteria based on Cabinet decisions.
The document outlines India's industrial policies since independence. Key policies include the Industrial Policy Resolution of 1948 which accepted a mixed economy with government monopoly in select industries. The 1956 policy emphasized heavy industries and expanding the public sector. The 1973 policy gave preference to small and medium enterprises. The 1980 policy promoted competition and 1991 policy deregulated industry, allowed private sector flexibility, and reduced licensing/controls.
Zinnov Management Consulting provides an insightful comparison between Special Economic Zones (SEZ) and Software Technology Parks (STP) in the current Indian Landscape
The document discusses the Atmanirbhar Bharat Abhiyan or Self-Reliant India Mission launched by the Indian government. It includes an economic stimulus package of Rs. 20 lakh crore to achieve self-reliance. The package aims to boost infrastructure, systems, democracy and demand in India. It will be implemented through 5 tranches focusing on businesses, farmers, agriculture, structural reforms, and government initiatives. The total package is equivalent to 10% of India's GDP and aims to convert the COVID-19 crisis into an opportunity.
New industrial policy 1991 with Recent Developmentstapabratag
The document discusses India's industrial policy reforms since 1991. It aimed to deregulate industries, reduce government controls, and encourage private sector growth and foreign investment. Some key reforms included delicensing many industries, allowing greater foreign direct investment, and reducing the role of public sector enterprises through disinvestment. The reforms helped growth but the bureaucracy sometimes resisted deregulation. Foreign investors still found some policies confusing. Imbalances in industrial development and regional growth also occurred.
District Industries Centers (DICs) were established in 1978 to promote small industries at the district level by providing various services under one roof, including assistance for startups, training, financing, marketing, and implementing government schemes. DICs identify entrepreneurs, recommend loans and subsidies, provide import/export guidance, training programs, and employment opportunities. They are managed by state governments and work to promote rural development and reduce regional imbalances. [/SUMMARY]
This document discusses entrepreneurial support systems for micro, small and medium enterprises (MSMEs) in India. It outlines how enterprises are classified based on investment levels, and describes various policy initiatives, financial support schemes, and the role of District Industries Centers in promoting MSMEs. Concessions, incentives, and export promotion facilities aim to generate employment, disperse industries across areas, and earn foreign exchange through supporting small businesses.
Micro, Medium and Small Enterprises
It is helpful for enterpreneurs and persons having interest in economy and want to gain knowledge regarding society.
You can contact me directly for any type of assistance
Direct and Indirect Tax benefit For Industries with special Incentive Scheme for Industries in Maharashtra - The Maharashtra government has recently declared the new Industrial Policy -2013 (Government resolution no. PSI-2013/CT-54/IND-8) (hereinafter referred as PSI-2013) to ensure sustained industrial growth through various innovative initiatives so as to further improve the conducive industrial climate in the State and to provide global competitive edge to the industries in the State.
The document summarizes the history and development of Special Economic Zones (SEZs) in India. It discusses how SEZs evolved from Export Processing Zones and initially operated under foreign trade policy before the SEZ Act was passed in 2005. The Act established a single window clearance system and incentives like tax exemptions for both SEZ units and developers. SEZs have significantly increased India's exports, with export growth from SEZs reaching over 120% in some years. There are now 173 operational SEZs across India.
This document discusses foreign direct investment (FDI) in India. It provides background on FDI, including its introduction in India in 1991. The key advantages of FDI for India are listed as economic growth, increased employment, superior products, and investment. Some sectors that attract significant FDI are infrastructure, automotive, retail, and technology. While there are also some disadvantages like limited jobs and loss of control, the document concludes that FDI provides more benefits to India given its developing economy through job creation, revenue growth, and higher quality goods.
Bihar Industrial Area Development AuthoritySumit Suman
The Bihar Industrial Area Development Authority (BIADA) is the key agency for allotting land to industrial units in Bihar. BIADA has four regional offices and oversees 50 industrial areas across the state with 182 acres of available land. BIADA's role is to develop necessary infrastructure in industrial areas and allot land to manufacturing units to promote inclusive economic development in Bihar.
The industrial policy means the procedures, principles,policies rules and regulations which control the industrial undertaking of the country and pattern of industrialization. It explains the approach of Government in context to the development of industrial sector.
New Export Promotion Scheme RoDTEP : Implemented without Rates Announced - By...SN Panigrahi, PMP
The document discusses India's new Remission of Duties and Taxes on Exported Products (RoDTEP) scheme. The key points are:
1) RoDTEP is a new scheme to refund unrefunded taxes and duties on exported products to make them competitive globally. It replaces the MEIS scheme which was found to violate WTO rules.
2) The scheme aims to refund all taxes and duties that are not currently exempted or rebated by any other mechanism, including certain state and central levies.
3) Exporters can claim refunds under the scheme as a percentage of the export product's FOB value. However, rates under the scheme are yet to be
The industrial policy of Nepal aims to promote industrial development, create jobs, and increase incomes to contribute to the national economy. The long-term goal is to minimize poverty through sustainable industrial growth in cooperation between public, private, and cooperative sectors. Objectives include increasing exports, production, employment, and national income through competitive industries while ensuring balanced regional development using local resources. Major policies focus on export promotion, new technologies, industries using local resources, and strengthening the industrial foundation. Challenges include political instability, energy shortages, weak infrastructure, lack of skilled labor, and global competition.
The document outlines India's new industrial policy introduced in 1991. It aimed to liberalize India's economy by removing restrictions on private businesses. Specifically, the key changes included abolishing industrial licensing for most industries, reducing public sector reservations and allowing greater private sector participation, liberalizing foreign investment policies, and abolishing parts of the MRTP Act to reduce red tape. The objectives were to unleash private investment, boost industrialization, and integrate India's economy globally by making it more competitive.
E-Governance in the offices of Director General for Foreign Trade (DGFT)Nalin Adhikari
The document discusses the computerization of the Director General for Foreign Trade (DGFT) offices in India. DGFT is responsible for implementing the country's Export-Import policy and promoting foreign trade. It underwent two phases of computerization to reduce physical interfaces, increase transparency, and process electronic applications within 24 hours. This included developing software for import/export licensing, monitoring, and an online importer/exporter code system. The objectives were to enable e-filing of applications, digital approvals, and provide licensing information across DGFT offices for analysis and dissemination. This started India's e-governance initiatives in DGFT.
The document summarizes India's Foreign Trade Policy for 2009-2014. It discusses the objectives of promoting exports and generating employment. Key aspects covered are:
- Strategies to simplify procedures, reduce costs and develop India as a manufacturing and trading hub.
- Promotional measures like Market Development Assistance, Market Access Initiative, and focus product schemes.
- Institutional setup including various government bodies and public sector undertakings involved in foreign trade.
- Announcements made in the 2009 policy like expansion of focus markets and products, higher export targets and incentives for sectors like gems, marine products, pharmaceuticals etc.
Maharashtra Industrial Policy 2013
The fresh policy for Industrial Investment in Maharashtra.
You can recover upto 70 % of your total investment with Incentives for Industries with high : Capital Investment, Tax, CST and Vat Payment, Energy or Electricity and water consumption.
Transport and Marketing Assistance (TMA) : An Incentive Scheme for Agricultu...SN Panigrahi, PMP
As a part of implementation action plan of Agriculture Export Policy, 2018, which the Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved in December 2018, with an aim to double the shipments to $60 billion by 2022 and integrating Indian farmers and agricultural products to the global value chain, the government now announced the scheme for providing Financial Assistance for Transport and Marketing of Agriculture Products to boost Exports of such commodities to certain countries in Europe and North America
The commerce ministry has laid out a detailed procedure for claiming benefits under the Transport and Marketing Assistance (TMA) scheme, which aims at boosting agricultural exports
This document provides information about investment promotion policies and criteria in Thailand. It outlines 6 key policies for investment promotion, including enhancing tax incentives, promoting quality standards, repealing export requirements, special promotion for low-income regions, minimum capital requirements, and priorities for certain industries and activities. It also lists 5 criteria for determining if a project qualifies for promotion, such as value added, debt-equity ratios, use of modern machinery, environmental protection systems, and feasibility studies for large investments. Concession projects and state enterprise privatizations have additional criteria based on Cabinet decisions.
The document outlines India's industrial policies since independence. Key policies include the Industrial Policy Resolution of 1948 which accepted a mixed economy with government monopoly in select industries. The 1956 policy emphasized heavy industries and expanding the public sector. The 1973 policy gave preference to small and medium enterprises. The 1980 policy promoted competition and 1991 policy deregulated industry, allowed private sector flexibility, and reduced licensing/controls.
Zinnov Management Consulting provides an insightful comparison between Special Economic Zones (SEZ) and Software Technology Parks (STP) in the current Indian Landscape
The document discusses the Atmanirbhar Bharat Abhiyan or Self-Reliant India Mission launched by the Indian government. It includes an economic stimulus package of Rs. 20 lakh crore to achieve self-reliance. The package aims to boost infrastructure, systems, democracy and demand in India. It will be implemented through 5 tranches focusing on businesses, farmers, agriculture, structural reforms, and government initiatives. The total package is equivalent to 10% of India's GDP and aims to convert the COVID-19 crisis into an opportunity.
New industrial policy 1991 with Recent Developmentstapabratag
The document discusses India's industrial policy reforms since 1991. It aimed to deregulate industries, reduce government controls, and encourage private sector growth and foreign investment. Some key reforms included delicensing many industries, allowing greater foreign direct investment, and reducing the role of public sector enterprises through disinvestment. The reforms helped growth but the bureaucracy sometimes resisted deregulation. Foreign investors still found some policies confusing. Imbalances in industrial development and regional growth also occurred.
District Industries Centers (DICs) were established in 1978 to promote small industries at the district level by providing various services under one roof, including assistance for startups, training, financing, marketing, and implementing government schemes. DICs identify entrepreneurs, recommend loans and subsidies, provide import/export guidance, training programs, and employment opportunities. They are managed by state governments and work to promote rural development and reduce regional imbalances. [/SUMMARY]
This document discusses entrepreneurial support systems for micro, small and medium enterprises (MSMEs) in India. It outlines how enterprises are classified based on investment levels, and describes various policy initiatives, financial support schemes, and the role of District Industries Centers in promoting MSMEs. Concessions, incentives, and export promotion facilities aim to generate employment, disperse industries across areas, and earn foreign exchange through supporting small businesses.
Micro, Medium and Small Enterprises
It is helpful for enterpreneurs and persons having interest in economy and want to gain knowledge regarding society.
You can contact me directly for any type of assistance
MSME Summit - R&D and IPR Support Schemes - Part - 6Resurgent India
MSME Summit - R&D and IPR Support Schemes - Part - 6
. R&D Funding scheme provides funds to institutions/ organizations in the area of research and development, for technical collaboration, etc.
Government policies for development and promotion of small scale industries in India
State Finance Corporations
Small Industries Development Bank of India
Entrepreneurship Development Institute of India
Khadi and Village Industries Corporation
The District Industries Centre (DIC) program was started in 1978 by the central government to provide support for small, cottage, and village industries in each district. The DIC serves as a single point of contact for entrepreneurs to access necessary services and facilities like feasibility studies, credit, equipment, raw materials, and industrial clusters. The objectives of the DIC include accelerating industrialization, promoting rural industries, achieving economic equality across regions, and providing information on government schemes. The DIC organizes training, provides SSI registration, helps entrepreneurs access subsidies and assistance, and acts as a liaison between entrepreneurs and banks. The state government provides various incentives for new industries like investment subsidies, entry tax exemptions, stamp duty concessions,
Role Of Agencies assisting EntrepreneurshipAnubha Rastogi
Various agencies in India including DICs, NSICs, EDII, NIESBUD,NEDB and more are functioning to promote entrepreneurship. Several new initiatives have also been taken by the Government of India to promote the culture of entrepreneurship.
The document discusses several tax benefits and incentives available to small scale industries (SSI) in India. Some key tax benefits include tax holidays for new businesses, higher depreciation limits for machinery, and deductions for research spending. Major incentives provided by the government include reserving certain industries exclusively for SSIs, preference in government purchases, price preferences, priority for raw materials, and excise duty exemptions. Financial assistance is also provided through priority sector lending, credit guarantee schemes, and equity funding.
The document discusses various institutions that provide support to industries in Karnataka, including the Karnataka Industrial Areas Development Board (KIADB), Karnataka Small Scale Industries Development Corporation (KSSIDC), Karnataka State Industrial Investment and Development Corporation (KSIMC), National Small Industries Corporation (NSIC), District Industries Centres (DICs), and Small Industries Development Bank of India (SIDBI). It provides details on the functions and services provided by these institutions such as acquiring land for industrial areas, providing infrastructure, term loans, refinancing, entrepreneurship training, and more.
STARTUP INDIA learning and imoportant.pptxRakhulKumaar
1. The Startup India initiative was launched in 2016 by the Government of India to foster entrepreneurship and innovation. It aims to build a strong startup ecosystem in the country.
2. Various schemes under Startup India cover key sectors like science and technology, agriculture, energy, textiles etc. and provide benefits like funding, tax exemptions, market access and regulatory reforms.
3. The document outlines the budgets allocated to different ministries for their startup schemes in 2024-25 and summarizes the objectives, eligibility and benefits of representative schemes under each ministry.
Small Industries Development Bank of India SIDBI Milan Dhaduk
SIDBI was established in 1989 to promote and finance small scale industries. It provides direct financing, refinancing, bill financing, and international financing. It also offers promotional services like entrepreneurship training. SIDBI operates schemes to support technology upgrades, provide venture capital and equity funding, and offers seed money for new entrepreneurs through DICs. It aims to empower small and medium enterprises through financial and developmental assistance.
Govt. policy programmes for entrepreneurship developmentMita Meher
The document summarizes several key government programs and policies in India to support entrepreneurship development, including:
1. The Prime Minister's Employment Generation Programme (PMEGP) which provides assistance for establishing micro-enterprises.
2. Market Development Assistance Scheme which helps small/micro manufacturers and exporters participate in international trade fairs and export products.
3. A scheme to provide financial assistance to training institutions for entrepreneurship programs.
4. Rajiv Gandhi Udyami Mitra Yojana which provides handholding support to new entrepreneurs who have completed training programs.
5. Credit Link Capital Subsidy Scheme which aims to facilitate technology upgrades for micro and small enterprises through capital subsidies
The document discusses various government institutions that provide support to small scale industries (SSIs) in India. It outlines central level institutions like the Small Scale Industries Board and the Small Industry Development Organization that provide advisory, technical, and financial assistance. It also discusses state level organizations like State Industrial Development Corporations and District Industries Centres that promote SSIs. National institutions like National Small Industries Corporation and Small Industries Development Bank of India provide financing, marketing, and technology support. The overall aim is to encourage entrepreneurship and strengthen the SSI sector in India.
SIDCO stands for Small Industries Development Corporation, which are state-owned agencies established in India to promote small-scale industries. This document discusses the role of SIDCO, which includes providing raw materials to small industries, marketing products through tenders and advance payments, discounting bills to provide cash flow, maintaining an export marketing division and website, operating skill development centers, and promoting women entrepreneurs through dedicated industrial estates. SIDCO aims to support the growth of small industries through infrastructure, assistance, and access to materials, markets, financing, and training.
Presentation on the institutional support to entrepreneurs. The financial institutions, its classification, IFCI, LIC, UTI, industrial development, extension, SISI, SSIB, DIC.
• The 'District Industries Centre' (DICs) programme was started by the central government in 1978 with the objective of providing a focal point for promoting small, tiny, cottage and village industries in a particular area and to make available to them all necessary services and facilities at one place.
• The District Industries Centre is the institution at the District level, which provides all the services and support facilities to the entrepreneur for setting up Micro, Small and Medium Enterprises. This included identification of suitable schemes, preparation of feasibility reports, arrangements for credit facilities, machinery and equipments, provision of raw materials and development of industrial clusters etc.
• Established in 1940
• Vision is to be primary driving force of commercially sustainable industrial development .
• Industrial development Corporations are companies or agencies in India which were established at various times under the policy of Government of India for the promotion of small - scale industries.
• A Central Industrial Finance corporation was set up under the industrial Finance corporations Act, 1948 in order to provide medium and long term credit to industrial undertakings which fall outside normal activities of commercial banks.
• The State governments expressed their desire that similar corporations be set up in states to supplement the work of the Industrial financial corporation. State governments also expressed that the State corporations be established under a special statue in order to make it possible to incorporate in the constitutions necessary provisions in regard to majority control by the government, guaranteed by the State government in regard to the payment principal. In order to implement the views Expressed by the State governments the State Financial Corporation bill was introduced in the Parliament.
• Small Industries Development Bank of India (SIDBI), set up on April 2, 1990 under an Act of Indian Parliament, is the Principal Financial Institution for the Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector and for Co-ordination of the functions of the institutions engaged in similar activities.
• It was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India.
• The purpose is to provide refinance facilities and short term lending to industries. Its headquarters is in Lucknow.
• Former Deputy Managing Director is Shri N.K. Maini. Dr. Kshatrapati Shivaji is the new Chairman and Managing Director of the organisation.
Msme overview for finance, subsidy & project related support contact - 9861...Radha Krishna Sahoo
India's GDP in 2008-09 was $1.10 trillion with per capita GDP of $830. The majority of employment was in agriculture and services. MSMEs made up a large portion of the economy, with 26.1 million enterprises employing 59.7 million people. Government policies aimed to support MSMEs through credit schemes, technology development, and reducing regulations over time to boost competitiveness.
SIDBI and MSFC play important roles in providing financial services to support small and medium enterprises in India. SIDBI was established by the government in 1989 as the apex institution to oversee financing for small and medium industries. It provides loans, refinancing, import/export support, and development programs. MSFC was established in 1962 and supports industries in Maharashtra, Goa, and Daman and Diu by providing term loans for assets, expansion, and modernization of small and medium businesses. Both organizations aim to promote industry and economic development in India.
The Small Industries Development Bank of India (SIDBI) was established in 1989 as the principal financial institution for promoting, financing and developing small industries in India. SIDBI's mission is to empower micro, small and medium enterprises to make them strong, vibrant and globally competitive. Its key objectives are financing, promotion, development and coordination of small industries. SIDBI offers various direct financing, refinancing, bills financing and international financing schemes as well as promotional and developmental activities like entrepreneurship training to support small businesses.
Everything you need to know about MSME - Micro Small and Medium Enterprise. Its Organisational structure, schemes, training programmes, or setting up an Enterprise.
Similar to Enterpreneurship development assignment on role of district industry centres (20)
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
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How MJ Global Leads the Packaging Industry.pdfMJ Global
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2. TOPIC : ROLE OF DISTRICT INDUSTRY CENTRES IN THE
DEVELOPMENT OF YOUNG ENTREPRENEURS
3. DISTRICT INDUSTRY CENTRE
• Overview : In pursuance of the IndustrialPolicy-1977, a programme for setting up District Industries
Centres (DICs) was launchedby the Government of India, to be operational from1st May 1978. The
programme providedfor setting up a DIC in each district of the country, in a phased manned in order to
make the district headquartersa focal pointfor the developmentof small-scale and cottage industries,
to shift the emphasis from cities and state capitalsto the district headquartersand to provide under a
single root, all services and support needed by small and village entrepreneurs. Accordingly the
Government oflndia issued guidelinesto the State Government for setting up DIC in each district of the
state.
4. • The main objects of the DIC programme are firstly to make availablevariousassistance and clearance
required under one roof and secondly to promote rural industries.
• Followingare the schemes under District Industries Centre (DIC):
• Prime Minister’sEmploymentGenerationProgram (PMEGP)
• Seed Money Scheme
• DIC Loan Scheme
• EntrepreneurshipDevelopmentTrainingProgram
• District Award Schemes
5. THE AIM OF DISTRICT INDUSTRIES CENTRE
• In each district one agency to deal with all requirements of small and
villageIndustries. This is called “District Industries Centre”, The District
Industries Centres have undertakenvariousprogrammes for investment
promotionat the grass root level such as organizingseminars workshops,
extending support for trade fairsand exhibitionsorganized by various
Industry’sassociations. All the services and support required for MSME units
under was the single roof of the District Industries Centre.
• The Centre has aseparatewing to look after the special needs of cottage and house-hold
industries as district from small industries.
6. DICS PERFORM VARIOUS FUNCTIONS:
• 1. Identification of Entrepreneurs: DIC’sdevelop new entrepreneurs by
conducting entrepreneurial motivation programmes throughoutthedistrict
particularly under SEEUY scheme. DICs also take association of SIS’s and
TCOs for conducting EDPs.
2. ProvisionalRegistration: Entrepreneurs can get provisionalregistration
with DICs which enable them to take all necessary steps to bring the unit into
existence. The entrepreneur can get assistancefromtermlending institutions
only after getting provisionalregistration. Theprovisionalregistration is
awarded for two years initially and can be renewed every year but only for two
times.
7. • 3. Permanent Registration:When the entrepreneur completes all formalities
required to commence the productionlike selection of site, power connection,
installingmachinery etc theycan applyto DIC for permanent registration.It is
onlyafter gettingthe permanent registration thatthe entrepreneur can applyfor
supplyof rawmaterials on concessional rates.Permanentregistrationis
essential to avail all types of benefits extended bythe government from time to
time.
•
4. Purchases of Fixed Assets:The DIC’s recommend loan applicationsofthe
prospective entrepreneur to various concerned financialand developmentalinstitutions e.g. NSIC, SISI etc. for the purchase
of fixed assets.It also
recommend to the commercial banks for meeting the working capital
requirement ofSSI to run day-to -day operations.
8. 5. Clearances from Various Departments: DIC takes the initiativeto get
clearances from various departmentswhich is essential to start a unit. It even
takes follow up measures to get speedy power connection.
6. Assistance to Village Artisans and Handicrafts:In spite of inherenttalent
and ability, villageartisans are not better off because they lack financial
strength to strive in the competitivemarket. DIC in support with different lead
banks and nationalizedbanks extends financialsupport to those artisans.
9. • 7. Incentives and Subsidies:DIC helps SMEs and rural artisans to subsidies
granted bygovernment under various schemes.This boost up the moral as well
as the financial capacityof the units to take further developmental activities.
The different types ofsubsidies are power subsidy,interest subsidyfor k
engineers and subsidyunder IRDP etc. from various institutions.
8. Interest Free Sales Tax Loan:SIDCO provides interestfree sales tax loan
up to a maximum limit of 8per cent of the total fixed assets for SSI units set up
in rural areas.But the sanction order forthe same is to be issued byDIC. The
DIC recommends the case of SME to NationalSmall IndustriesCorporation
Limited for registrationforGovernment purchase programme.
10. • 9. Assistance ofImport and Export:Government is providingvarious types
of incentives forimport and export of specific goods and services. These
benefits can be availed byanyimporter or exporter providedthe same is routed
through the concerned DIC. Export and import license is also issued to the
importer or exporter onlyon the basis of recommendationofDIC.
10. Fairs and Exhibitions:The DIC inspires and facilitates the SSI units to
participate in various fairs and exhibitions which are organized bytheGovernment ofIndia and other organizations to give
publicityto industrial
products.DICs provide free space to SMEs for the displayoftheir products and
provide financial assistance for the purpose.
11. • 11. TrainingProgrammes: DIC organizes trainingprograms to rural
entrepreneurs and also assists other institutions or organizationimparting
training to train the small entrepreneurs.
12. Self-employment for Unemployed EducatedYouth: The DICs have
launched a scheme to assist the educatedunemployed youth by providing them
facilities for self-employment. The youth should be in the age group of 18 to 35
years with minimum qualification of Metric or Middle with I.T.I. in
engineering or Technical Trade.Technocratsand women are given preference.
12. ROLE OF DIC FOR THE PROMOTION OF SMALL SCALE AND
COTTAGE INDUSTRIES
• DIC provides the information on sources of machinery and equipment.
Promotes new industrial growth centers, electronic industries etc.,
Conducts multiple training programsto encouragethe entrepreneurs.
Gives assistance to entrepreneursunder StateIncentives scheme and funding assistancethrough self-
employment schemes.
It allots raw materials to the concerned industries at districtlevel.
DIC gives the information about marketing and its assistanceon participatingtrade fairs/buyers-sellers
meet and so on.
Guidance regardingImport and Exports of specific goods and services.
13. Improves the managerialcapacity by organizing variousseminars, workshops etc.
It clears the problems relatedto SSI Registration/Bankloan/Marketingof productionetc.
Single window assistance through SIDA and District Industries Centers.
Products standardization
Promotion of products under Non-conventionalEnergy Sources.
Design and product development for handicrafts.
14. CONCLUSION
• In India, District IndustrialCenter performs an importantrole in Entrepreneur development.DICs
Provide complete
assistance and support to entrepreneurs to start and developthe industries. This government program
is yieldingbetterresults when compared with the past programmes in terms of generating self-
employment. This process will
cause to reduce the regional imbalanceamong developedand developingareas of the country. The
DICs should take
much more efforts to give advices and also help the entrepreneurs to start, run and developthe
industries effectively
15. •
District Industries Centers (DICs) providefull assistance to the entrepreneurs who are going to start the
business on their own and in their regionalplaces. These centers provide service and support to
small entrepreneurs under a single roof at both pre and post investments.