1. SMEs are an important sector that create jobs, maintain traditional skills, and serve local demand with low capital requirements. However, SMEs now face increased competition from large corporations, more brand-conscious customers, and greater access to information. 2. Developing entrepreneurial skills in students is important but faculties in technical institutions place more emphasis on theoretical knowledge than practical skills or exposure to entrepreneurs. 3. A successful entrepreneurship development program includes pre-operational, operational, and post-operational stages to identify opportunities, validate projects, set up business operations, and build ongoing management competencies.

2. 
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Highly Knowledgeable with great vision and
dynamism
Knowledge regarding the different incentive
schemes offered to SME and producers.
Understand the rules, regulations and law of the
land in starting/running the unit.
Aware of the entrepreneurial values and
competencies for successful entrepreneurship.
Acquainted with technical and managerial skills.
Trained to identify and seize opportunities.

3. Major shift in product and process technology.
 Changes in preference from the customer
segment .
SMEs serve as the seedbed of entrepreneurship
due to
 It creates more employment opportunities with
comparatively low capital investment
 SME units is generally local resource/demand
 Location flexibility , resulting in horizontal
growth and removal of regional imbalance
 This sector gives quick returns and has a shorter
gestation period
 These units help to maintain/retain traditional
skills and handicrafts .


4. Increased Competition
 Penetration of branded consumers products
 Deep penetration of media
 Quality consciousness
 Preference of brand products
 Wider choice of brand/products and services
 Limited scope for quality price trade off
 Increase in purchase power
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5. 
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Ability to grasp opportunities which offer economic
advantage .
Ability to analyze/diagnose the problems of an
enterprise and devise remedial measures at the right
time .
Ability to work out economics of production/service
and evolve competitive strategies .
Ability to give fillip to ancillarization
Technical & analytical capabilities helpful in
preventing accidental breakdown problems.
Ability to forecast the changes in technology and
respond accordingly .
Ability towards self-propelled performance .
Ability to effectively transfer technology from
laboratories to industries

6. 
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The number of students selecting selfemployment as career option is low .
Entrepreneurial characteristics of the student
is on higher side .
Entrepreneurial characteristic of the student
opting for self- employment is higher than
the students opting for wage employment.
Entrepreneurial capability of the students
opting for self employment is on the higher
side than students opting for wage
employment .

7. 
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The knowledge of faculty is on higher degree
with respect to the rest of factors input
Faculty input for developing the personality
of the student as the engineer is a second
preference
The learning attitude /receptive mind of the
faculty is the third preference.
The industrial exposure and entrepreneurial
awareness of the faculty comes as the least
important factor among all .

8. 
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Input by technical institution with the help of
capable manpower/machine and equipments
Knowledge :- By Theory
Skill :- By Practical application
Understanding :- By open ended Problem
&
By interaction with entrepreneurs/field
practitioners and exposure to the real
problem of the industries .

9. 
Pre-operational Drill
:-
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Operational Drill :-
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Identification of
Entrepreneur
Individual’s decision to
choose selfemployment as career
Opportunity recognition
Product identification
Self-confidence
Techno-commercial
aspect of a unit

10. 
Post operational Drill
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Functional &
Structural parameters
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Vetting of techno –
economical viability
of unit
Vetting of project
report from financial
institution
Technology
sustainability of unit
Land/shed allotment
for the unit
Resource generation
for the unit
Technical Know-how
for the unit
Rules & Regulation of
the land

11. 
Competence
Building for
decision-making
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Leadership qualities
Decision-making
ability
Labour
management skills
Finance
management skills
Sales, marketing &
purchase
management skills
Shop-floor
management skills