Entrepreneurial development focuses on enhancing the skills, knowledge, and mindset of individuals to start and manage businesses effectively. Training plays a vital role in this process by improving creativity, risk-taking ability, decision-making, and managerial competence. The main objectives of entrepreneurial training include developing self-confidence, innovation, and problem-solving skills. Various methods such as lectures, workshops, simulations, and case studies are used. The training process benefits participants by increasing their entrepreneurial capacity, improving productivity, and promoting self-employment. Entrepreneurship Development Programs (EDPs) in emerging markets are crucial for fostering innovation, supporting startups, and driving sustainable economic growth and employment opportunities.

1. ENTREPRENEURIAL
DEVELOPMENT
UNIT III

2. Syllabus
Entrepreneurial development training –
importance of training, objectives of training -
methods of training, benefits of training
process–entrepreneurship development
program in emerging markets.

3. ENTREPRENEURIAL DEVELOPMENT TRAINING
EDT refers to the process of enhancing the
knowledge, capabilities, and mindset of
individuals to help them identify, start, and
manage a business successfully.

4. Scope
• Develop Business Ideas
• Conduct Feasibility Studies
• Understand Legal Procedures
• Manage Business Operations
• Evaluate Risks and Opportunities

5. Need
• Most First-Generation Entrepreneurs Lack
Exposure and Guidance
• Training Bridges the Knowledge Gap
• Helps Reduce Fear of Failure
• Promotes Entrepreneurial Culture in the
Country

6. Target Beneficiaries
• Aspiring Entrepreneurs (Students, Job Seekers)
• Women and Minority Groups
• Rural Youth
• Existing MSME Owners

7. Key Institutions Offering EDT in India
• NIESBUD (National Institute for Entrepreneurship
and Small Business Development)
• MSME Development Institutes
• RSETIs (Rural Self Employment Training Institutes)
• EDII (Entrepreneurship Development Institute of
India)
• State Industrial Development Corporations (SIDCs)

8. IMPORTANCE OF TRAINING
• Encourages Self-Employment
• Fosters Economic Development
• Builds Confidence and Risk-Taking Ability
• Promotes Innovation
• Enhances Operational Efficiency

9. OBJECTIVES OF ENTREPRENEURIAL
TRAINING
• Development of Entrepreneurial Skills
• Creation of Entrepreneurial Awareness
• Motivation for Business Ownership
• Knowledge of Business Processes
• Support for Sustainable Enterprise

10. METHODS OF ENTREPRENEURIAL TRAINING
• Classroom Lectures
• Case Study Method
• Simulation Exercises
• Business Games
• Role Play and Group Discussions
• Industrial Visits
• Project Work and Business Plan Preparation
• Mentoring and Coaching
• Online Modules and E-Learning

12. BENEFITS OF ENTREPRENEURIAL TRAINING PROCESS
• Improved Decision-Making
• Greater Innovation and Creativity
• Increased Employment Opportunities
• Access to Finance and Support Networks
• Personal and Professional Growth

13. EDPs IN EMERGING MARKETS
Entrepreneurship Development Programmes
(EDPs) are structured and time-bound training
interventions aimed at developing
entrepreneurial capabilities among
individuals.

14. Need for EDPs in Emerging Economies
a) Addressing High Youth Unemployment
b) Bridging the Urban–Rural Development
Divide
c) Promoting Innovation and Technology
Adoption
d) Ensuring Inclusive Economic Participation

15. Types of EDPs
a) General EDPs
b) Women-Specific EDPs
c) Sector-Specific EDPs
d) Rural EDPs

16. Characteristics of EDPs
• Time-Bound with Defined Modules
• Emphasis on Practical Learning
• Pre- and Post-Training Evaluation
• Follow-Up Support
• Target Group Customization
• Entrepreneurial Motivation Building
• Linkages with Financial Institutions
• Access to Incubation and Infrastructure

17. MAJOR SCHEMES AND INITIATIVES IN INDIA SUPPORTING ENTREPRENEURSHIP
• Startup India
Provides tax benefits, funding, and regulatory
support to promote innovation and startup growth.
• MUDRA Yojana (Micro Units Development and
Refinance Agency)
Offers collateral-free microloans to small
businesses, supporting entrepreneurship in rural
and semi-urban areas.

18. • Atal Innovation Mission (AIM)
Promotes innovation through incubators, tinkering
labs, and startup support across India.
• Skill India / Pradhan Mantri Kaushal Vikas Yojana
(PMKVY)
Trains youth in vocational and entrepreneurial skills to
enhance employability and self-employment.
• TREAD Scheme for Women
Supports women entrepreneurs with training, credit,
and marketing via NGO-led initiatives.

19. Impact of EDPs in Emerging Markets
• Inclusive Economic Growth
• Employment Generation
• Regional Development
• Innovation and Local Problem Solving
• Contribution to GDP