Entrepreneurship Development Programme (EDP)

B COM 2ND SEM
KSAWU SYLLABUS
WOMEN ENTREPRENEURSHIP
ROLE OF FINANCIAL INSTITUTIONS IN
SUPPORT OF WOMEN
ENTREPRENEURIAL ACTIVITIES
EDP
Smt. Uma Minajigi Reur
Head, Dept. of Commerce &
Management
Smt. V G Degree College for Women,
Kalaburagi

B.COM SYLLABUS SECOND SEMESTER
2.6: WOMEN ENTREPRENEURSHIP
Objectives: To acquaint students with the concepts of women entrepreneurship and to familiarize
the entrepreneurial development process. Pedagogy: Classroom lecture, Assignments and Field Visit.
Unit 1: Introduction: Concept, meaning and definition of Women entrepreneur and Women
entrepreneurship, Characteristics and Types of entrepreneurs, Functions of Women entrepreneur,
evolution of Women Entrepreneurship in India, Entrepreneurial skills and competency requirements
for women entrepreneur, Role of Women entrepreneurship in economic development. (15 Hours)
Unit 2: Opportunities and challenges faced by women entrepreneurs: Challenges faced by Women
entrepreneurs, Opportunities for an entrepreneurial career, measure to improve women
entrepreneurship, factors influencing the women entrepreneurship, entrepreneurial motivation
concept. (10 Hours)
Unit 3: Role of financial institution in support of women entrepreneurial activities: SIDBI, DIC, CEDOK,
RUDSETI, SFC, EDII, KVIC, (objectives and functions), Long term and Short term financing. Women
empowerment through Entrepreneurship Development Programmes. (15 Hours)
Unit 4: Government Schemes and Institutional support to Promote Women Entrepreneur: Trade
Related Entrepreneurship Assistance and Development (TREAD) scheme for Women, AWAKE,
NAYE, Mahila Coir Yojana, Mahila Udyam Nidhi, Stand-up India, Annapurna Scheme, Stree Shakti
Package For Women Entrepreneurs, Bharatiya Mahila Bank Business Loan, Dena Shakti Scheme,
Udyogini Scheme, Cent Kalyani Scheme, Mahila Udyam Nidhi Scheme, Mudra Yojana Scheme For
Women, Orient Mahila Vikas Yojana Scheme, etc. (20 Hours)
Unit 5: Project Identification and Formulation: Meaning of project, project identification, project
selection, project formulation: meaning, significance, contents, formulation steps, Planning
Commission’s Guidelines for formulating a Project report, Specimen of a project report. (10 Hours)

Unit 3:
Role of financial institutions in support of women
entrepreneurial activities:
1. Small Industries Development Bank of India (SIDBI)
2. District Industries Centre (DIC)
3. Centre for Entrepreneurship Development of Karnataka (CEDOK)
4. Rural Development and Self Employment Training Institute (RUDSETI)
5. State Financial Corporation (SFC)
6. Entrepreneurship Development Institute of India (EDII)
7. The Khadi and Village Industries Commission (KVIC)
8. Long term and short term financing.
9. Women Empowerment through Entrepreneurial Development Programmes.

ENTREPRENEURSHIP
DEVELOPMENT PROGRAMME
(EDP)

ENTREPRENEURSHIP DEVELOPMENT
PROGRAMME (EDP)
EDP – Introduction to Entrepreneurship Development
Programme
Entrepreneurship Development Programme is primarily meant for
developing those first generation entrepreneurs who on their own
cannot become successful entrepreneurs. It covers three major
variables- location, target group and enterprise.
Any of these can become the focus or starting point for initiating and
implementing an EDP.

PROGRAMME (EDP)
Entrepreneurship development programme is a programme meant to
develop entrepreneurial abilities among the people. The concept of
entrepreneurship development programme involves equipping a person
with the required skills and knowledge needed for starting and running the
enterprise.
EDP is an effective way to develop entrepreneurs which can help in
accelerating the pace of socio-economic development, balanced regional
growth, and exploitation of locally available resources. It takes care of all
the constraints and therefore it is proved to be one of the most effective
tools for developing new entrepreneurs.
EDPs are planned programmes developed to identify, inculcate,
cultivate, develop, and polish the capabilities and skills as the prerequisites
of a person to become an entrepreneur. The EDPs focus on training,
education, reorientation and creation of conducive and healthy
environment for the growth of entrepreneurship.

PROGRAMME (EDP)
These programmes broadly envisage a three tiered approach, developing
achievement motivation and sharpening of entrepreneurial traits and
behaviour, project planning and development and guidance on industrial
opportunities, incentives and facilities and rules and regulations, and
developing managerial and operational capabilities.
Various techniques and approaches have been developed and adopted to
achieve these objectives keeping in view the target groups and or to target
areas.

PROGRAMME (EDP)
Small Industries Extension and Training Institute (SIET 1974),
now National Institute of Small Industry Extension Training
(NISIET), Hyderabad defined EDP as “an attempt to develop a
person as entrepreneur through structural training. The main
purpose of such entrepreneurship development programme is to
widen the base of entrepreneurship by development achievement
motivation and entrepreneurial skills among the less privileged
sections of the society.”

PROGRAMME (EDP)
According to N. P. Singh (1985), “Entrepreneurship Development Programme
is designed to help an individual in strengthening his entrepreneurial motive
and in acquiring skills and capabilities necessary for playing his
entrepreneurial role effectively. It is necessary to promote this understanding
of motives and their impact on entrepreneurial values and behaviour for this
purpose.” Now, we can easily define EDP as a planned effort to identify,
inculcate, develop, and polish the capabilities and skills as the prerequisites of
a person to become and behave as an entrepreneur.

PROGRAMME (EDP)
Till now, 12 State Governments have established state-level Centre for
Entrepreneurship Development (CED) or Institute of Entrepreneurship
Development (lED) to develop entrepreneurship by conducting EDPs.
Today, the EDP in India has proliferated to such a magnitude that it has
emerged as a national movement. It is worth mentioning that India operates
the oldest and largest programmes for entrepreneurship development in any
developing country.
The impact of India’s EDP movement is borne by the fact that the
Indian model of entrepreneurship development is being adopted by some of
the developing countries of Asia and Africa. Programmes similar to India’s
EDPs are conducted in other countries also, for example, ‘Junior
Achievement Programme’ based on the principle of ‘catch them young’ in
USA and ‘Young Enterprises’ in the U. K.

PROGRAMME (EDP)
Entrepreneurship Development Programme –
Objectives
Entrepreneurship Development Programme (EDP) in India has many objectives.
(1) Develop and strengthen their entrepreneurial quality/motivation;
(2) Analyse environment related to small industry and small business;
(3) Select project/product;
(4) Formulate projects;
(5) Understand the process and procedure of setting up of small enterprise;
(6) Know and influence the source of help/support needed for launching the
enterprise;

PROGRAMME (EDP)
(7) Acquire the basic management skills;
(8) Know the pros and cons of being an entrepreneur; and
(9) Acquaint and appreciate the needed social responsibility/entrepreneurial
disciplines.
Further some of the other important objectives of entrepreneurial training
are:
(i) To let the entrepreneur set or reset the objectives of his business and work
individually and along with his group for their realisation.
(ii) To prepare him for accepting totally unforeseen risks of business after such
training.
(iii) To enable him to take strategic decisions

PROGRAMME (EDP)
(iv) To enable him to build an integrated team to fulfill the demands of
tomorrow.
(v) To communicate fast, clearly and effectively
(vi) To develop a broad vision to see the business as a whole and to integrate
his function with it.
(vii) To enable him to relate his product and industry to the total
environment, to find what is significant in it and to take it into account in his
decisions and actions.
(viii) To enable him to cope with and coordinate all relevant paper work,
most of which is statutorily obligatory.
(ix) To make him accept industrial democracy, that is, accepting workers as
partners in enterprise; and
(x) To strengthen his integrity, honesty, and compliance with law, the key to
success in the long run.

PROGRAMME (EDP)
Entrepreneurship Development Programme – Features
The basic features of Entrepreneurship Development Programme have
gone through several modifications overtime as:
(a) Identification and careful selection of entrepreneurs for training;
(b) Developing the entrepreneurial capabilities of the trainee;
(c) Equipping the trainee with the basic managerial understanding and
strategies;
(d) Ensuring a viable industrial project for each potential entrepreneur;

PROGRAMME (EDP)
Entrepreneurship Development Programme – Course Contents and
Curriculum of EDPs
The course contents of an EDP should be formulated as per the objectives of
the EDPs.
It should consist of the following:
1. General Approach to Entrepreneurship:
The participants should be given exposure about the conceptual framework of
entrepreneurship role, expectation, Entrepreneurial environment etc.
Innovative behaviour related issues should be focused to enlighten the
entrepreneurs about their future challenges and prospects. Besides,
development agencies should try to design appropriate strategies enabling the
potential entrepreneur to tackle different risk inherent in an innovation activity.

PROGRAMME (EDP)
These risks are as follows:
(i) Technical risks – the risk of not knowing enough about the technical
processes, materials etc.
(ii) Economic Risks – the risk of market fluctuations and changes in relation to
raw materials etc.
(iii) Social Risks – the risk inherent in the development of new relationship.
(iv) Environmental Risks – risk which result from environmental changes in
the manager’s work as an outcome of the new activity.
Moreover, prospective entrepreneurs should be given a detailed information
with regard to facilities generally provided by the government and other
agencies involved in promotion of entrepreneurship.

PROGRAMME (EDP)
2. Motivational Training:
Motivational training inputs are meant for developing the motivation of
potential entrepreneurs and their enterprise building skills. Besides,
motivational inputs also include psychological games, tests, goal setting
exercises, role play etc.
The motivational inputs will be aimed at increasing the participants,
understanding of the entrepreneurial personality and entrepreneurial
behaviour and bring about through self-study, changes in self-concept, value,
skills thereby leading to positive entrepreneurial behaviour.
The major motivational inputs may be given in the beginning of the training
programme on full time basis though the learning effected through them will
be reinforced and used throughout the training programme. The
understanding of the entrepreneurial personality and behaviour will be
supplemented through interface with one or two successful as well as not so
successful entrepreneurs.

PROGRAMME (EDP)
3. Developing Management Skills:
Prospective entrepreneurs should be given exposure in different types of
management problems. It would sharpen their management skills. The
management problems take different forms and the management patterns are
peculiar to the situation. So, training for exposing managerial skills will be
arranged in keeping the situational requirements. However, managerial aspects
should include production planning, labour laws, cost analysis, financial
accounting, selling arrangements, taxation laws etc.

PROGRAMME (EDP)
4. Training for Project Management:
Project inputs are required to help the potential entrepreneurs to develop
their project ideas into bankable projects. They should be given acquaintance
with the industrial opportunities in the area and also necessary guidance on
product selection. Necessary knowledge about project feasibility, viability and
implementation should also be given to the potential entrepreneurs.
Under project preparation, technical feasibility includes selection of
technology, availability of raw materials, selection of location and site,
availability of plant and machinery, infrastructure facilities, roads, transport,
power, manpower/personnel requirement.
Similarly, market analysis, level of competition, capital cost, working capital
requirement, estimated cost of production, projected sales volume, profitability
estimates, expected rate of return, projected cash flows and break even analysis
are different aspects that have to be incorporated in assessing the commercial
viability of the project.

PROGRAMME (EDP)
5. Structural Arrangement:
Training inputs also aim at familiarising the participants about the proposed
structural arrangement for the business or industrial unit. They should be
given adequate familiarisation about government policy regarding
development of industries, especially with regard to small scale industries,
registration and licensing procedures, forms of organisation like proprietary,
partnership, private company and Joint Stock Company, institutional setup
etc.

PROGRAMME (EDP)
6. Support System:
In most of the cases, participants are generally first generation
entrepreneurs and they do not know about the government and institutional
support system. Support system may also be used as motivational inputs to
encourage the participants about their future prospects. They should be
familiarised with the incentives/concessions available, tax-incentives, tax
holiday, backward/zero industries districts concessions, soft loan scheme,
special schemes for technicians etc.
This should be followed by acquainting them with procedure for
approaching government departments and agencies, applying for and
obtaining these concessions from them.

PROGRAMME (EDP)
7. Factory Visits/In-Plant Training:
Practical exposure is also necessary. Depending upon their products the
potential entrepreneurs may feel the need to gain more knowledge about the
production process etc. by visiting some of the similar units in production.
For this purpose, factory visits may have to be arranged.
Similarly, entrepreneurs who select relatively sophisticated products will
be expected to have a good idea of the product and the process facilities
should be arranged for in-plant training or prototype development on
exceptional basis.

PROGRAMME (EDP)
Entrepreneurship Development Programme – Need
Entrepreneurship Development Programme is very much essential for the
first generation entrepreneurs because proper training and guidance will help
them to get success. It is promoted to help alleviate the unemployment problem,
to overcome the problem of stagnation and to increase the competitiveness and
growth of business and industries.
The thrust of entrepreneurship development programme is to motivate
people to accept entrepreneurship as a career. Training and successful
entrepreneurs becomes ideal for other.

PROGRAMME (EDP)
Following are the various needs for EDPs:
(i) Eliminates Poverty and Unemployment:
(ii) Balanced Regional Development and Growth:
(iii) Prevents Industrial Slums:
(iv) Harnessing Locally Available Resources:
(v) Defuses Social Tension:
vi) Capital Formation:
(vii) Improvement in per Capita Income:
(viii) Facilitating Overall Development:

Entrepreneurship Development Programme (EDP)

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