The document discusses various types of entrepreneurs and financial support available in India for entrepreneurs. It describes innovative entrepreneurs who create new products and take risks, imitating entrepreneurs who copy others' ideas, and drone entrepreneurs who are satisfied with the status quo. The government plays a key role in supporting entrepreneurship through various institutions that provide funding, training, and resources. Recent government schemes aim to promote young entrepreneurs through initiatives in dairy, manufacturing, and innovation. Entrepreneurship is important for economic development as it creates jobs and drives competition.
Small Industries Development Corporations (SIDCOs) are state-owned agencies established in Indian states to promote small-scale industries. SIDCOs aim to stimulate growth in small industries by providing infrastructure like roads, electricity, and water, as well as developing industrial estates with production sheds and facilities. They also offer technical training and help establish skills training institutes. SIDCOs undertake activities from industry installation to production start-up, such as supplying raw materials, marketing assistance, export help, and financing. Their assistance has helped develop previously backward areas and spread industry throughout states.
• 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.
The State Finance Corporations (SFCs) are established by state governments to promote small and medium enterprises. There are currently 18 SFCs across India. SFCs provide financial assistance like loans and guarantees to industrial units. They mobilize funds from various sources like share capital, bonds, and bank loans. While SFCs aim to catalyze investment and job growth, they face challenges like limited funds, high interest rates, and a lack of technical expertise. Some also show a bias toward financing larger enterprises over small businesses.
finance and institutional support for entreprenurshipSameer Chandrakar
This document discusses various aspects of financing an enterprise, including financial planning, estimating capital needs, classifying financial needs, and identifying sources of finance. It covers the importance of financial planning, factors to consider in estimating money needed, ways to classify financial needs based on use and permanence, and internal and external sources of finance. Institutional support for entrepreneurs from organizations like NSIC, SIDO, SSIB, and industrial estates is also summarized. The document provides an overview of financing considerations and support structures for new enterprises.
Industrial Development Bank of India (IDBI) was established in 1964 as a development bank to promote industry in India. It has over 3,350 ATMs and 1,853 branches across India and one overseas branch in Dubai. IDBI provides loans, banking services, and financial products to corporations and individuals with a focus on developing small industries and rural/backward areas of India. Its subsidiaries include SIDBI, IDBI Bank, and companies focused on asset management, capital markets, and insurance.
The District Industries Centre was established to promote small, village, and cottage industries at the district level. The key objectives are to accelerate industrialization, support rural industries, provide equal economic opportunities across regions, and help entrepreneurs access government schemes by streamlining procedures. DICs act as the main agency for industrial promotion, collecting industry data and statistics, providing entrepreneur guidance and training, and assisting entrepreneurs in obtaining necessary approvals and financing. They aim to promote industries under a single roof. Over 400 DICs have been established, supporting millions of jobs and businesses through credit provision and new unit establishment.
Small Industries Development Corporations (SIDCOs) are state-owned agencies established in Indian states to promote small-scale industries. SIDCOs aim to stimulate growth in small industries by providing infrastructure like roads, electricity, and water, as well as developing industrial estates with production sheds and facilities. They also offer technical training and help establish skills training institutes. SIDCOs undertake activities from industry installation to production start-up, such as supplying raw materials, marketing assistance, export help, and financing. Their assistance has helped develop previously backward areas and spread industry throughout states.
• 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.
The State Finance Corporations (SFCs) are established by state governments to promote small and medium enterprises. There are currently 18 SFCs across India. SFCs provide financial assistance like loans and guarantees to industrial units. They mobilize funds from various sources like share capital, bonds, and bank loans. While SFCs aim to catalyze investment and job growth, they face challenges like limited funds, high interest rates, and a lack of technical expertise. Some also show a bias toward financing larger enterprises over small businesses.
finance and institutional support for entreprenurshipSameer Chandrakar
This document discusses various aspects of financing an enterprise, including financial planning, estimating capital needs, classifying financial needs, and identifying sources of finance. It covers the importance of financial planning, factors to consider in estimating money needed, ways to classify financial needs based on use and permanence, and internal and external sources of finance. Institutional support for entrepreneurs from organizations like NSIC, SIDO, SSIB, and industrial estates is also summarized. The document provides an overview of financing considerations and support structures for new enterprises.
Industrial Development Bank of India (IDBI) was established in 1964 as a development bank to promote industry in India. It has over 3,350 ATMs and 1,853 branches across India and one overseas branch in Dubai. IDBI provides loans, banking services, and financial products to corporations and individuals with a focus on developing small industries and rural/backward areas of India. Its subsidiaries include SIDBI, IDBI Bank, and companies focused on asset management, capital markets, and insurance.
The District Industries Centre was established to promote small, village, and cottage industries at the district level. The key objectives are to accelerate industrialization, support rural industries, provide equal economic opportunities across regions, and help entrepreneurs access government schemes by streamlining procedures. DICs act as the main agency for industrial promotion, collecting industry data and statistics, providing entrepreneur guidance and training, and assisting entrepreneurs in obtaining necessary approvals and financing. They aim to promote industries under a single roof. Over 400 DICs have been established, supporting millions of jobs and businesses through credit provision and new unit establishment.
The document summarizes State Financial Corporations (SFCs) in India. SFCs were established by state governments in 1951 to provide financial assistance to small and medium industries. Their main functions are to provide loans, guarantees, and underwriting to eligible small and medium industries. SFCs are governed by boards of directors and obtain capital from sources such as share capital, bonds, debentures, public deposits, and state government borrowings. While SFCs aim to promote regional industrial development, they have been criticized for issues like inadequate assistance, delays in loan approvals, and a lack of technical expertise. Currently there are 18 SFCs operating in India.
An entrepreneurial culture consists of a group suppressing individual interests to achieve group success, as this will advance their own interests. Key aspects of an entrepreneurial culture include being people-focused, valuing innovation and change, attention to basics, hands-on management, integrity, freedom to grow and fail, commitment, and emphasis on the future. Ways to foster an entrepreneurial culture include increasing awareness of opportunities, intensifying enterprise education, establishing role models, and incentivizing business succession and training.
Role of financial institutions for funding enterpriseAIT
The document discusses various types of specialized financial institutions in India including development banks, all-India development banks, small industries development banks, and investment institutions. It provides details on the objectives and roles of institutions like IDBI, SIDBI, ICICI, LIC, UTI, and GIC in promoting industries, small businesses, insurance, and investments in India.
The Industrial Finance Corporation of India (IFCI) was established in 1948 as the first development financial institution in India to provide long-term financing to industrial sectors. IFCI's authorized capital was initially Rs. 10 crores but was later raised to Rs. 20 crores. IFCI engages in direct financing, incidental activities, and promotional activities to support industries, including providing rupee and foreign currency loans, loan guarantees, technical assistance, and merchant banking services. IFCI obtains its resources from sources such as the Reserve Bank of India, share capital, retained earnings, bond issues, government loans, and international sources.
Ppt on Small Industries Development Bank of IndiaSatakshi Kaushik
1) Small Industries Development Bank of India (SIDBI) is a financial institution established in 1990 to aid the growth and development of micro, small and medium enterprises in India.
2) SIDBI aims to promote, finance, and develop small businesses through financing, promotion, development, and coordination activities. It provides loans for equipment, working capital, and work sheds.
3) SIDBI's mission is to facilitate and strengthen credit flow to small businesses and address financial and developmental gaps. Its vision is to be a single window for meeting small business needs and to enhance shareholder wealth through technology.
This document lists various entrepreneurship support programs offered by major commercial banks in India, including the Small Industries Development Bank of India (SIDBI), Housing Development Finance Corporation (HDFC), Industrial Credit and Investment Corporation of India (ICICI), Industrial Development Bank of India (IDBI), Allahabad Bank, and State Bank of India. It provides brief descriptions of financing schemes, loans, and other initiatives supported by each bank to promote small and medium enterprises.
This document discusses various institutions that provide support to entrepreneurs in India. It describes that these institutions are headed by central and state governments and are classified according to the services they provide such as financial, training, and technical institutes. Some of the key institutions that support entrepreneurs mentioned are IDBI, IFCI, UTI Bank, NABARD, and ICICI Banks. NABARD specifically aims to uplift rural India and contributes through self-help groups, farmers clubs, and programs for women development and rural marketing. Commercial banks also provide important support to entrepreneurs through business loans, investment products, and security services.
The document outlines various government schemes in India to promote entrepreneurship including Startup India, Make in India, Atal Innovation Mission, STEP, JAM, BIRAC, Stand-Up India, TREAD, PMKVY, and the National Skill Development Mission. The schemes provide funding, loans, training, incubator support, and skill development initiatives to foster innovation, entrepreneurship, and job growth, especially for women, scheduled castes, tribes, and other underprivileged groups.
Profile of SIDO, SISI, NISC; Entrepreneurship and msmeIndraja Modem
entrepreneurship and msme, International financial management; Profile of SISI, Profile SIDO, profile of NISC; SIDO- Objectives, mission, vision; SISI- Objectives and functions; NISC- Objectives and functions
The document summarizes the services provided by the National Small Industries Corporation (NSIC) to support small and medium enterprises in India. NSIC provides integrated support services including marketing support, technology support, credit support, and other services. It operates through various zonal offices, branch offices, sub-offices, and technical centers to deliver schemes focused on enhancing competitiveness through finance, marketing, and technology assistance.
government institutions for entrepreneurship developmentMita Meher
The document discusses various government institutions and programs that provide support for entrepreneurship development in India. It outlines several organizations that provide training, consultation, and resources for entrepreneurs, including Small Industries Service Institutes, Entrepreneurship Development Institute of India, and National Institute for Entrepreneurship and Small Business Development. It also describes programs like the Prime Minister's Employment Generation Programme and policies from the Micro, Small and Medium Enterprises Development Act that provide subsidies, incentives, and categorize enterprise size based on investment levels.
There are two main types of institutions that provide support to small scale industries (SSI) in India - state level institutions and central government institutions. State level institutions include State Directorates of Industries, State Small Scale Industries Development Corporations, District Industries Centers, State Finance Corporations, and Technical Consultancy Organizations. Central government institutions that support SSI include the Department of Small Scale Industries, Small Scale Industries Board, Small Industries Development Organisation, National Small Industries Corporation, Industrial Credit and Investment Corporation of India, and Industrial Finance Corporation of India. These institutions provide various services like financing, training, marketing assistance, infrastructure development, and policy guidance to small businesses.
National institute for entrepreneurship and small business developmentAman Mehra
The document discusses the National Institute for Entrepreneurship and Small Business Development (NIESBUD). It was established in 1983 by the Ministry of Industries, Government of India, with a mission to promote, support and sustain entrepreneurship and small businesses through education, research, consultancy and other interventions. NIESBUD's activities include training trainers and promoters, supporting entrepreneurship development programs, focusing on small businesses, and developing an entrepreneurial culture. Its objectives are to standardize entrepreneur selection and training processes, support related organizations, provide information to trainers and entrepreneurs, and create environments for skill development training.
Entrepreneurship Development Institute of India (EDII)uma reur
EDI has been spearheading entrepreneurship movement throughout the nation with a belief that entrepreneurs need not necessarily be born, but can be developed through well-conceived and well-directed activities.
In consonance with this belief, EDI aims at:
Creating a multiplier effect on opportunities for self-employment,
Augmenting the supply of competent entrepreneurs through training,
Augmenting the supply of entrepreneur trainer-motivators,
Participating in institution building efforts,
Women Entrepreneurship - Types & Functionsuma reur
1.Chance Entrepreneurs
2.Created Entrepreneurs
3.Benami Entrepreneurs
4.Natural Entrepreneurs
5. Forced Entrepreneurs
Women Entrepreneur is not different from the concept of Entrepreneur, all the concept characteristics & functions are applicable to Women Entrepreneur. The role of women in family & society is changing very fast. Those days are gone where typically women are expected to look after household activities change in various social aspect like equal treatment to women, no discrimination among male & females availability of equal opportunities to work in any field slowly these changes have forced her to become more competitive & also encouraged into business operations.
This document provides an overview of microfinance in India. It defines microfinance and its key features. It discusses the evolution of microfinance in India since the 1970s. It describes the different models of microfinance delivery including self-help groups (SHGs), joint liability groups (JLGs), microfinance institutions (MFIs), and the priority sector lending framework. It summarizes the recommendations of the Malegam Committee on regulating the microfinance sector in India. Finally, it provides some statistics on the growth and current status of microfinance in India.
SIDCO is a public sector undertaking established in Kerala to support small and village industries. It has six divisions that provide infrastructure, distribute raw materials, assist with marketing, undertake construction work, manage industrial estates, and offer IT and telecommunications services. SIDCO's divisions help small-scale industries obtain raw materials, produce goods in production units across Kerala's districts, market their products, develop industrial estates and plots, and access software and hardware solutions.
Small Industries Services Institutes (SISIs) were set up in each Indian state to provide consultancy and training to small and prospective entrepreneurs. There are 28 SISIs and 30 branch SISIs located in state capitals and other areas. SISIs assist in utilizing assets, promoting employment-oriented industries, and expanding marketing channels as small industries contribute 40% to total output and 35% to exports. SISIs provide assistance to existing and prospective entrepreneurs, conduct entrepreneurship and management training programs, perform industrial surveys, and assist with issues like pollution control and export promotion.
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.
Government policies aim to promote entrepreneurship for economic benefits like job creation and development. Policies include programs run by organizations like NABARD, NSIC, SIDBI that provide financing and support services. Challenges include streamlining regulations and improving infrastructure and access to information. Suggestions are to simplify procedures, reduce controls and paperwork to enable entrepreneurs to focus on production.
Notes of Entrepreneurship and Types of Entrepreneurs as taught in Course of Business Intelligence and Entrepreneurship in Engineering B.tech , Business BBA and to other courses .
The document summarizes State Financial Corporations (SFCs) in India. SFCs were established by state governments in 1951 to provide financial assistance to small and medium industries. Their main functions are to provide loans, guarantees, and underwriting to eligible small and medium industries. SFCs are governed by boards of directors and obtain capital from sources such as share capital, bonds, debentures, public deposits, and state government borrowings. While SFCs aim to promote regional industrial development, they have been criticized for issues like inadequate assistance, delays in loan approvals, and a lack of technical expertise. Currently there are 18 SFCs operating in India.
An entrepreneurial culture consists of a group suppressing individual interests to achieve group success, as this will advance their own interests. Key aspects of an entrepreneurial culture include being people-focused, valuing innovation and change, attention to basics, hands-on management, integrity, freedom to grow and fail, commitment, and emphasis on the future. Ways to foster an entrepreneurial culture include increasing awareness of opportunities, intensifying enterprise education, establishing role models, and incentivizing business succession and training.
Role of financial institutions for funding enterpriseAIT
The document discusses various types of specialized financial institutions in India including development banks, all-India development banks, small industries development banks, and investment institutions. It provides details on the objectives and roles of institutions like IDBI, SIDBI, ICICI, LIC, UTI, and GIC in promoting industries, small businesses, insurance, and investments in India.
The Industrial Finance Corporation of India (IFCI) was established in 1948 as the first development financial institution in India to provide long-term financing to industrial sectors. IFCI's authorized capital was initially Rs. 10 crores but was later raised to Rs. 20 crores. IFCI engages in direct financing, incidental activities, and promotional activities to support industries, including providing rupee and foreign currency loans, loan guarantees, technical assistance, and merchant banking services. IFCI obtains its resources from sources such as the Reserve Bank of India, share capital, retained earnings, bond issues, government loans, and international sources.
Ppt on Small Industries Development Bank of IndiaSatakshi Kaushik
1) Small Industries Development Bank of India (SIDBI) is a financial institution established in 1990 to aid the growth and development of micro, small and medium enterprises in India.
2) SIDBI aims to promote, finance, and develop small businesses through financing, promotion, development, and coordination activities. It provides loans for equipment, working capital, and work sheds.
3) SIDBI's mission is to facilitate and strengthen credit flow to small businesses and address financial and developmental gaps. Its vision is to be a single window for meeting small business needs and to enhance shareholder wealth through technology.
This document lists various entrepreneurship support programs offered by major commercial banks in India, including the Small Industries Development Bank of India (SIDBI), Housing Development Finance Corporation (HDFC), Industrial Credit and Investment Corporation of India (ICICI), Industrial Development Bank of India (IDBI), Allahabad Bank, and State Bank of India. It provides brief descriptions of financing schemes, loans, and other initiatives supported by each bank to promote small and medium enterprises.
This document discusses various institutions that provide support to entrepreneurs in India. It describes that these institutions are headed by central and state governments and are classified according to the services they provide such as financial, training, and technical institutes. Some of the key institutions that support entrepreneurs mentioned are IDBI, IFCI, UTI Bank, NABARD, and ICICI Banks. NABARD specifically aims to uplift rural India and contributes through self-help groups, farmers clubs, and programs for women development and rural marketing. Commercial banks also provide important support to entrepreneurs through business loans, investment products, and security services.
The document outlines various government schemes in India to promote entrepreneurship including Startup India, Make in India, Atal Innovation Mission, STEP, JAM, BIRAC, Stand-Up India, TREAD, PMKVY, and the National Skill Development Mission. The schemes provide funding, loans, training, incubator support, and skill development initiatives to foster innovation, entrepreneurship, and job growth, especially for women, scheduled castes, tribes, and other underprivileged groups.
Profile of SIDO, SISI, NISC; Entrepreneurship and msmeIndraja Modem
entrepreneurship and msme, International financial management; Profile of SISI, Profile SIDO, profile of NISC; SIDO- Objectives, mission, vision; SISI- Objectives and functions; NISC- Objectives and functions
The document summarizes the services provided by the National Small Industries Corporation (NSIC) to support small and medium enterprises in India. NSIC provides integrated support services including marketing support, technology support, credit support, and other services. It operates through various zonal offices, branch offices, sub-offices, and technical centers to deliver schemes focused on enhancing competitiveness through finance, marketing, and technology assistance.
government institutions for entrepreneurship developmentMita Meher
The document discusses various government institutions and programs that provide support for entrepreneurship development in India. It outlines several organizations that provide training, consultation, and resources for entrepreneurs, including Small Industries Service Institutes, Entrepreneurship Development Institute of India, and National Institute for Entrepreneurship and Small Business Development. It also describes programs like the Prime Minister's Employment Generation Programme and policies from the Micro, Small and Medium Enterprises Development Act that provide subsidies, incentives, and categorize enterprise size based on investment levels.
There are two main types of institutions that provide support to small scale industries (SSI) in India - state level institutions and central government institutions. State level institutions include State Directorates of Industries, State Small Scale Industries Development Corporations, District Industries Centers, State Finance Corporations, and Technical Consultancy Organizations. Central government institutions that support SSI include the Department of Small Scale Industries, Small Scale Industries Board, Small Industries Development Organisation, National Small Industries Corporation, Industrial Credit and Investment Corporation of India, and Industrial Finance Corporation of India. These institutions provide various services like financing, training, marketing assistance, infrastructure development, and policy guidance to small businesses.
National institute for entrepreneurship and small business developmentAman Mehra
The document discusses the National Institute for Entrepreneurship and Small Business Development (NIESBUD). It was established in 1983 by the Ministry of Industries, Government of India, with a mission to promote, support and sustain entrepreneurship and small businesses through education, research, consultancy and other interventions. NIESBUD's activities include training trainers and promoters, supporting entrepreneurship development programs, focusing on small businesses, and developing an entrepreneurial culture. Its objectives are to standardize entrepreneur selection and training processes, support related organizations, provide information to trainers and entrepreneurs, and create environments for skill development training.
Entrepreneurship Development Institute of India (EDII)uma reur
EDI has been spearheading entrepreneurship movement throughout the nation with a belief that entrepreneurs need not necessarily be born, but can be developed through well-conceived and well-directed activities.
In consonance with this belief, EDI aims at:
Creating a multiplier effect on opportunities for self-employment,
Augmenting the supply of competent entrepreneurs through training,
Augmenting the supply of entrepreneur trainer-motivators,
Participating in institution building efforts,
Women Entrepreneurship - Types & Functionsuma reur
1.Chance Entrepreneurs
2.Created Entrepreneurs
3.Benami Entrepreneurs
4.Natural Entrepreneurs
5. Forced Entrepreneurs
Women Entrepreneur is not different from the concept of Entrepreneur, all the concept characteristics & functions are applicable to Women Entrepreneur. The role of women in family & society is changing very fast. Those days are gone where typically women are expected to look after household activities change in various social aspect like equal treatment to women, no discrimination among male & females availability of equal opportunities to work in any field slowly these changes have forced her to become more competitive & also encouraged into business operations.
This document provides an overview of microfinance in India. It defines microfinance and its key features. It discusses the evolution of microfinance in India since the 1970s. It describes the different models of microfinance delivery including self-help groups (SHGs), joint liability groups (JLGs), microfinance institutions (MFIs), and the priority sector lending framework. It summarizes the recommendations of the Malegam Committee on regulating the microfinance sector in India. Finally, it provides some statistics on the growth and current status of microfinance in India.
SIDCO is a public sector undertaking established in Kerala to support small and village industries. It has six divisions that provide infrastructure, distribute raw materials, assist with marketing, undertake construction work, manage industrial estates, and offer IT and telecommunications services. SIDCO's divisions help small-scale industries obtain raw materials, produce goods in production units across Kerala's districts, market their products, develop industrial estates and plots, and access software and hardware solutions.
Small Industries Services Institutes (SISIs) were set up in each Indian state to provide consultancy and training to small and prospective entrepreneurs. There are 28 SISIs and 30 branch SISIs located in state capitals and other areas. SISIs assist in utilizing assets, promoting employment-oriented industries, and expanding marketing channels as small industries contribute 40% to total output and 35% to exports. SISIs provide assistance to existing and prospective entrepreneurs, conduct entrepreneurship and management training programs, perform industrial surveys, and assist with issues like pollution control and export promotion.
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.
Government policies aim to promote entrepreneurship for economic benefits like job creation and development. Policies include programs run by organizations like NABARD, NSIC, SIDBI that provide financing and support services. Challenges include streamlining regulations and improving infrastructure and access to information. Suggestions are to simplify procedures, reduce controls and paperwork to enable entrepreneurs to focus on production.
Notes of Entrepreneurship and Types of Entrepreneurs as taught in Course of Business Intelligence and Entrepreneurship in Engineering B.tech , Business BBA and to other courses .
The document discusses entrepreneurship and provides definitions and explanations of key terms. It describes an entrepreneur as an innovative person who perceives opportunities and organizes resources to exploit opportunities. Entrepreneurship involves taking risks to create or build something new. The document outlines characteristics of entrepreneurs, their functions, and the importance of entrepreneurship such as job creation and economic growth. It also discusses various self-employment opportunities and schemes to support entrepreneurs.
The document discusses the role of government in promoting entrepreneurship. It outlines various ways the government supports entrepreneurs, including providing financial assistance, training programs, marketing assistance, promotional schemes, credit facilities, and policies to support small and medium enterprises. The government aims to develop a culture of entrepreneurship through integrating it into education, encouraging risk-taking, and national campaigns.
Entrepreneurship and project managementchumantrakali
The document discusses the roles of various financial institutions in promoting entrepreneurship in India. It describes the National Institute for Entrepreneurship and Small Business Development (NIESBUD) which aims to support entrepreneurship through training programs and materials. It also outlines the roles of the Small Industries Service Institute (SISI) and District Industries Centre (DIC) in providing technical support, information and incentives to entrepreneurs.
Role played-by-central-state-government-to-promote-entrepreneurshiphulk_raghav
The Central and State Governments play an important role in promoting entrepreneurship in India. They establish banks, financial institutions, and implement various policies and schemes focused on supporting small and medium enterprises. This includes acts, regulations, programs, schemes, skills development initiatives, and organizations that provide funding, training, and other support to entrepreneurs. The government aims to enhance the competitiveness of small businesses and promote entrepreneurship across different industries.
This document discusses micro, small and medium enterprises (MSMEs) in India. It provides definitions for small scale industries based on investment ceilings. MSMEs are vital for development as they generate employment, promote entrepreneurship and innovation. In India, MSMEs contribute 8% of GDP and provide 60 million jobs. They face problems around financing and policies aim to promote their growth. The government supports MSMEs through various programs and policies. Liberalization created opportunities but also challenges for the sector to become more competitive.
As per PTU Syllabus: Entrepreneurship and Micro, Small and Medium Enterprises Small scale industry, product range, capital investment, ownership patterns -Importance and role played by SSI in the development of the Indian economy - Problems faced by SSI’s and the steps taken to solve the problems - Policies governing SSI’s.
This document summarizes policies and programs in India to promote entrepreneurship. It discusses various government schemes like Startup India, Make in India, and Atal Innovation Mission that provide funding, mentorship and incubation support. It also outlines entrepreneurship development programs run by organizations like Entrepreneurship Development Institute of India and National Institute for Entrepreneurship and Small Business Development that offer training and skills development. The document concludes that such schemes and programs play a critical role in developing the economy but need better coordination and alignment with regional needs to maximize their impact.
The document discusses startups in India, including defining startups as high-risk, high-growth businesses in their early stages. It notes that India has over 90,000 recognized startups, making it the third largest startup ecosystem globally. Key government initiatives to support startups are also summarized, such as Startup India which aims to simplify regulations and increase funding. The top challenges facing Indian startups are identified as lack of planning, execution, innovation, funding, and mentorship.
The document discusses the important roles that entrepreneurs play in economic development. It outlines 7 key roles: 1) wealth creation and sharing by mobilizing capital, 2) job creation, 3) balanced regional development, 4) increasing GDP and per capita income, 5) improving standard of living, 6) enabling exports, and 7) facilitating community development through infrastructure and services. The future of entrepreneurship section then discusses the importance of intuition, mastering the body, creativity, limitless vision and execution, and improved learning abilities for entrepreneurs to succeed going forward. Finally, it defines creativity in the context of entrepreneurship as seeing potential in what already exists and being resourceful, and outlines the key stages of the creative process as preparation, incubation
TLE 504 - Introduction to Entrepreneurship.pptxMendozaPatrice
There are people around the world who are unaware of their entrepreneurial potential. It is because, an entrepreneurial capacity is not innate in every person but has to be developed. Not all human being is born to become an entrepreneur or to engage in entrepreneurship. To become one of them, the education of a person should not be impeded or hindered by being financially-handicapped. It requires an initiative and the values of resourcefulness and self-determination. Through these, the person could find the opportunities for supports to develop his/her own competencies to think and innovate. These abilities can be noted on the persons that are not contented of what they do but, to keep on thinking. In fact, there are public servants who resign from government service and engage on entrepreneurial activities. They want to exploit their full potentials and became successful in business. Unlike in government service, it is in entrepreneurship where some people became successful in life. Because of their innovative, they could immediately implement what they thought and seek government supports when necessary. Entrepreneurship can be considered a national asset, and entrepreneurs are the drivers of that asset for any country. It is a dynamic process that not only increases wealth and but can also create value that results in improved well-being. It plays an important role in changing society, so it makes sense to cultivate, motivate, and remunerate this greatest asset to the greatest extent possible (Mohamed, 2020). Universities, being a brewing spot for knowledge spillover (Audretsch and Caiazza, 2016), are considered as an engine to improve economic growth by developing potential entrepreneurs (Lackéus, 2015; Ward et al., 2019). Entrepreneurial potential is a useful concept because not only it encompasses the degree in which an individual possesses entrepreneurial-related qualities, but also accounts for entrepreneurial intentions, or the state of mind of determination to act toward creating business. Intentions are particularly meaningful because they have a reasonably high prediction power of actual behavior (Krueger, 2017; Ward et al., 2019), and it is a good proxy to overview the short-term future of business activity. Hence, teachers are introduced to the concepts and theories of entrepreneurship, including some factors that drive entrepreneurship. While the topic requires more understanding, it is also necessary for the teachers that they be capacitated to become an entrepreneur as their additional tools in the delivery of service to communities.
Entrepreneurship development programme in india.pptxPiuBiswas4
The document discusses entrepreneurship development programs (EDP) in India. It explains that EDP aims to encourage self-employment through training and motivating potential entrepreneurs. The phases of an EDP include an initial training phase, development phase, and follow-up phase. It also outlines different types of entrepreneurship like social entrepreneurship and innovative entrepreneurship. It lists some government schemes to support startups like SAMRIDH, NEWGEN IEDC, and DEDS. Finally, it provides data on the top Indian startups and states with the most innovation and entrepreneurship activity, with Bangalore having the highest number.
Entrepreneurship development programme in india.pptxPiuBiswas4
The document discusses entrepreneurship development programs (EDP) in India. It explains that EDP aims to encourage self-employment through training and motivating potential entrepreneurs. The phases of an EDP include an initial training phase, development phase, and follow-up phase. It also outlines different types of entrepreneurship like social entrepreneurship and innovative entrepreneurship. It lists some government schemes to support startups like SAMRIDH, NEWGEN IEDC, and DEDS. Finally, it provides data on the top Indian startups and states with the most innovation and entrepreneurship activity, with Bangalore having the highest number.
This document provides an introduction and overview of small scale industries (SSI) in India. It discusses the importance of SSI for growth and employment. It outlines the typical process for starting an SSI, including selecting an industry, site, and preparing a scheme. It also discusses entrepreneurs, their characteristics and functions. Finally, it describes the various agencies that provide assistance and development programs for SSI at the national and state level.
Support system and its role in entrepreneurial development in India..shadabjamia88
This is a dissertation on Support system and its role in Entrepreneurial development in India....
it was prepared by HASEEB AHMAD SHADAB, A STUDENT OF MASTER OF FINANCE AND CONTROL MFC, IN ALIGARH MUSLIM UNIVERSITY ALIGARH U.P.
a vast motivation.Leadeship that makes you win.Start up with your personal gear to know the power of you.the world may follow your ideas.not a single failure will defeat you.learn to live,live to succed.
entrepreneurship and small business management unit ivPENDYSINGH
The document discusses various support institutions that provide assistance to small businesses in India. It describes the roles of District Industries Centres (DICs), the Small Industries Development Organization (SIDO), and the Small Industries Development Bank of India (SIDBI). DICs act as the primary agency supporting small industries at the district level. SIDO is the national agency for SME development, providing services like training, testing, and consultancy. SIDBI is the principal financial institution that promotes and finances micro, small, and medium enterprises in India.
The document discusses various topics related to entrepreneurship development and small businesses in India, including:
1. It describes entrepreneurship development programs that help individuals improve their skills and knowledge for starting a business.
2. A project report is summarized as providing necessary details for establishing a manufacturing or service business, including general information, project description, market potential, costs, financing, and economic and social considerations.
3. Several organizations that support small businesses in India are introduced, such as the District Industries Center, Small Industries Development Organization, State Industries Development Corporations, National Small Industries Corporation, and others. Their roles in offering services like credit, training, marketing assistance and industrial development are briefly outlined.
This document discusses government policies for entrepreneurs in India. It defines entrepreneurs as individuals who efficiently combine factors of production. Governments need entrepreneurs because they create jobs, discover new markets and materials, mobilize capital, and introduce new technologies. The government has various policies that provide assistance for infrastructure, finance, training, and marketing to promote small businesses. These include programs from the National Bank for Agriculture and Rural Development, Small Industries Development Bank of India, and others. Future challenges include improving access to information for startups and streamlining regulatory processes.
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2. Entrepreneurship is a key to the
national development and solution
of many problems. The process of
entrepreneurship is like planting
a new tree. An entrepreneur is
like a tree:
•A tree provides filtered air for
humans.
•Fruits for kids.
•Grass for animals.
•Home for birds and
•Wood for the farmer.
3. Entrepreneurship brings:
• A new solution to old human
problems.
• Entrepreneurship provide jobs for
skilled people.
• Entrepreneurship increase demand in
the market.
• Entrepreneurs brings competition to
produce top quality products and
services.
• It is a source of income for
government and influence society with
leadership skills.
4. Entrepreneurship is the results of
• Self-confidence
• Skills
• Desire to become rich
• Creativity
• Imagination
• Innovation
5. Entrepreneurs can change the
way we live and work. If
successful, their innovations
may improve our standard of
living, and in addition to
creating wealth with their
entrepreneurial ventures, they
also create jobs and the
conditions for a prosperous
society.
7. Innovative Entrepreneur
• Individual who has the ability to
undertake to create innovative
products according to the changing
demands of the market.
• They are always ready to take a risk
because they enjoy the excitement of
a challenge, and every challenge has
some risk associated with it.
Example:
Ratan Tata is said to be an innovative
entrepreneur, who launched the Tata
Nano car at a considerably low cost.
8. Imitating Entrepreneurs:
• These entrepreneurs are people who
follow the path shown by innovative
entrepreneurs.
• These do not make any innovations by
themselves.
• They just imitate the technology,
processes, methods pioneered by
others.
Example:
Walton B.D. has introduced its
motorbikes, refrigerators, televisions and
other electronic appliances in
Bangladesh not being the original
inventor of those products.
9. Fabien Entrepreneurs
• The dictionary meaning of the
term ‘Fabian’ is ‘a person seeking
victory by delay rather than by a
decisive battle’.
• Fabian entrepreneurs are those
individuals who do not show
initiative in visualizing and
implementing new ideas and
innovations wait for some
development which would
motivate them to initiate unless
there is an imminent threat to their
very existence.
• Fabian entrepreneurs are cautious
and skeptical in experimenting
change in their enterprises.
• Such entrepreneurs are shy, lazy
and lethargic.
10. Example:
Kodak, a company that
happened to be the market
leaders in producing analog
cameras but they did not realize
the change and the introduction
of the Digicam. For what they
lost their leadership, having lost
the leadership they have
diversified the business in
producing the Digicams instead
of producing Analog cameras.
11. Drone Entrepreneurs
• The dictionary meaning of the term
‘Drone’ is ‘A person who lives on the
labor of others’.
• Drone entrepreneurs are those individuals
who are satisfied with the existing mode
and speed of business activity and show no
inclination in gaining market leadership.
• In other words, drone entrepreneurs are
die-hard conservatives and even ready to
suffer the loss of business.
Example:
Citycell Telecom Bangladesh, in spite of
having knowledge about there market fall
they have not yet changed there business
policy.
12. Role of the Entrepreneur in Economy
Development
•Wealth Creation and Sharing
•Create Jobs
•Balanced Regional Development
•GDP and Per Capita Income
•Standard of Living
14. Government plays a very important
role in developing entrepreneurship.
Government develops industries in
rural and backward areas by giving
various facilities with the objective of
balanced regional development. The
government set programmes to help
entrepreneurs in the field of
technology, finance, market and
entrepreneurial development so that
they help to accelerate and adopt the
changes in industrial development.
Various institutions were set up by the
central and state governments in order
to fulfill this objective.
16. 1.Small Industries Development
Organization (SIDO)
SIDO was established in October 1973 now
under Ministry of Trade, Industry, and
Marketing. SIDO is an apex body at Central
level for formulating policy for the
development of Small Scale Industries in the
country, headed by the Additional Secretary &
Development Commissioner (Small Scale
Industries) under Ministry of Small Scale
Industries Govt. of India. SIDO is playing a
very constructive role in strengthening this
vital sector, which has proved to be one of the
strong pillars of the economy of the country.
SIDO also provides extended support through
Comprehensive plan for the promotion of
rural entrepreneurship.
17. 2. Management Development Institute
(MDI)
MDI is located at Gurgaon (Haryana). It
was established in 1973 and is sponsored
by Industrial Finance Corporation of
India, with objectives of improving
managerial effectiveness in the industry.
It conducts management development
programs in various fields. It also
includes the programmes for the officers
of IAS, IES, BHEL, ONGC and many
other leading PSU’s.
18. 3.Entrepreneurship Development Institute of India (EDII)
Entrepreneurship Development Institute of India (EDII), an
autonomous and not-for-profit institute, set up in 1983, is
sponsored by apex financial institutions – the IDBI Bank
Ltd., IFCI Ltd., ICICI Bank Ltd. and the State Bank of India
(SBI). EDII has helped set up twelve state-level exclusive
entrepreneurship development centers and institutes. One of
the satisfying achievements, however, was taking
entrepreneurship to a large number of schools, colleges,
science and technology institutions and management schools
in several states by including entrepreneurship inputs in their
curricula. In the international arena, efforts to develop
entrepreneurship by way of sharing resources and organizing
training programmes, have helped EDII earn accolades and
support from the World Bank, Commonwealth Secretariat,
UNIDO, ILO, British Council, Ford Foundation, European
Union, ASEAN Secretariat, and several other renowned
agencies. EDII has also set up Entrepreneurship Development
Centre at Cambodia, Lao PDR, Myanmar, and Vietnam and is
in the process of setting up such centers at Uzbekistan and
five African countries.
19. 4. Small Scale Industries Board (SSIB)
The Small Scale Industries Board (SSI Board) is the
apex advisory body constituted to render advice to
the Government on all issues pertaining to the small
scale sector. It determines the policies and
programmes for the development of small industries
with a Central Government Minister as its president
and the representatives of various organization i.e.
Central Government, State Government, National
Small Industries Corporations, State Financial
Corporation, Reserve Bank of India, State Bank of
India, Indian Small Industries Board, Non-
government members such as Public Service
Commission, Trade and Industries
Members.
20. 5.National Institution of Entrepreneurship and
Small Business Development (NIESBUD), New
Delhi
It was established in 1983 by the Government of
India. It is an apex body to supervise the activities of
various agencies in the entrepreneurial development
programmes. It is a society under Government of
India Society Act of 1860.
21. 6. National Institute of Small Industries
Extension Training(NISIET)
It was established in 1960 with its headquarters at
Hyderabad. The main objectives of the National
Institute of Small Industries Extension Training
are:
i. Directing and coordinating syllabi for the
training of small entrepreneurs.
ii. Advising managerial and technical aspects.
iii. Organizing seminars for small entrepreneurs
and managers.
iv. Providing services regarding research and
documentation.
22. 7. National Small Industries Corporation
Ltd. (NSIC)
The NSIC was established in 1995 by the
Central Government with the objective of
assisting the small industries in the
Government purchase programs. The
corporation provides a vast market for the
products of small industries through its
marketing network. It also assists the small
units in exporting their products in foreign
countries.
24. Entrepreneurship is an important engine of
growth in the economy and
entrepreneurship play a vital role in the
development of a country’s economy as this
is the key contributor to innovativeness,
product improvement and reduction of
unemployment. Young entrepreneurs have
been fueled due to high levels of
unemployment amongst young people and
as a way to foster employment opportunities
or to address social exclusion. Youth
entrepreneurship has gained more
importance in recent years in many
countries, with increased interest in
entrepreneurship as a way of boosting
economic competitiveness and promoting
regional development.
26. Dairy Entrepreneurship
Development Scheme
Dairy Entrepreneurship
Development Scheme aims at
helping entrepreneurs in the
field of Agriculture, pets &
animals, and social impact to
set up small dairy farms and
incentives are provided to cover
the cost of the required
equipment or establishment of
the facility.
27. Single Point Registration Scheme
(SPRS)
A great scheme for Micro and Small
Enterprises, that provides an exemption
from payment of Earnest Money Deposit
(EMD). Under this scheme, the tenders
are issued free of cost.
28. Modified Special Incentive
Package Scheme (M-SIPS)
The M-SIPS scheme provides
capital subsidy of 20% in SEZ and
25% subsidy in non-SEZ for
business units engaged in
manufacturing of electronics in the
fields of the Internet of Things,
aeronautics/aerospace & defense,
automotive, renewable energy, non-
renewable energy, technology, green
technology and nanotechnology
29. NewGen Innovation and Entrepreneurship
Development Centre (NewGen IEDC)
NewGen IEDC provides a limited one-time, non-
recurring financial assistance to entrepreneurs up
to ₹25 Lakhs in the fields of chemicals,
technology hardware, healthcare & life sciences,
aeronautics/aerospace & defense, agriculture, AI
(artificial intelligence), AR/VR (augmented +
virtual reality), automotive, telecommunication &
networking, computer vision, construction,
design, non-renewable energy, renewable energy,
green technology, fin-tech, Internet of Things,
nanotechnology, social impact, food &
Beverages, pets & animals, textiles & apparel.
30. Atal Incubation Centers
(AIC)
AIC is a scheme for entities
like higher educational
institutions, R&D institutes,
corporate sector, alternative
investment funds registered
with SEBI, business
accelerators, group of
individuals, and individuals
who can apply to establish an
AIC and get grant-in-aid of
₹10 Cr for a maximum of five
years.
32. 1. Stree Shakti Package For Women
Entrepreneurs
This scheme is offered by most of the SBI
branches to women who have 50% share in
the ownership of a firm or business and
have taken part in the state agencies run
Entrepreneurship Development
Programmes (EDP).
The scheme also offers a discounted rate of
interest by 0.50% in case the amount of
loan is more than ₹2 lakhs.
33. 2. Bharatiya Mahila Bank Business Loan
This loan is a support system for budding women
entrepreneurs looking to start new ventures in the
fields of the retail sector, loan against property,
MICRO loans, and SME loans.
The maximum loan amount under this loan goes up
to ₹20 crores in case of manufacturing industries
and also a concession is available to the extent of
0.25% on the interest rate and interest rates usually
range from 10.15% and higher.
Additionally, under the Credit Guarantee Fund
Trust for Micro and Small Enterprises (CGTMSE),
there is no requirement of collateral security for a
loan of up to ₹1 crore.
34. 3. Dena Shakti Scheme
This scheme is provided by Dena
bank to those women entrepreneurs
in the fields of agriculture,
manufacturing, micro-credit, retail
stores, or small enterprises; who are
in need of financial assistance. The
interest rate is also decreased by
0.25% along with the maximum
loan amount being ₹20 lakhs for
retail trade; education and housing
whereas ₹50,000 under the
microcredit.
35. 4. Udyogini Scheme
This scheme is offered by Punjab and
Sind Bank so as to provide women
entrepreneurs involved in Agriculture,
retail and small business enterprises to
get loans for business at flexible terms
and concessional interest rates. The
maximum amount of loan under this
scheme for women between the age
brackets of 18-45 years is ₹1 lakhs but
your family income is also taken into
consideration and is set at ₹45,000 per
annum for SC/ST women.
36. 5. Cent Kalyani Scheme
The scheme is offered by the Central Bank
of India with the aim of supporting women
in starting a new venture or expanding or
modifying an existing enterprise. This loan
can be availed by women who are involved
in village and cottage industries, micro,
small and medium enterprises, self-
employed women, agriculture and allied
activities, retail trade, and government-
sponsored programs.
This scheme requires no collateral security
or guarantor and charges no processing
fees. And the maximum amount that can
be granted under the scheme is Rs. 100
lakhs
37. 6. Mahila Udyam Nidhi Scheme
This scheme is launched by Punjab National
Bank and aims at supporting the women
entrepreneurs involved in the small scale
industries by granting them soft loans that
can be repaid over a period of 10 years.
Under this scheme there are different plans
for beauty parlors, day care centers, purchase
of auto rickshaws, two-wheelers, cars, etc.
the maximum amount granted under this
scheme is ₹10 lakhs and the interest depends
upon the market rates.
38. 7. Mudra Yojana Scheme For Women
This scheme has been launched by the Govt. of India
for individual women wanting to start small new
enterprises and businesses like beauty parlors, tailoring
units, tuition centers, etc. as well as a group of women
wanting to start a venture together. The loan doesn’t
require any collateral security and can be availed as per
3 schemes –
i. Shishu – loan amount is limited to ₹50,000 and can
be availed by those businesses that are in their initial
stages.
ii. Kishor – loan amount ranges between ₹50,000 and
₹5 lakhs and can be availed by those who have a well-
established enterprise.
iii. Tarun – loan amount is ₹10 lakhs and can be
availed by those businesses that are well established
but require further funds for the purpose of expansion
39. 8. Orient Mahila Vikas Yojana
Scheme
This scheme is provided by Oriental
Bank of Commerce to those women who
hold a 51% share capital individually or
jointly in a proprietary concern. No
collateral security is required for loans of
₹10 lakhs up to ₹25 lakhs in case of
small-scale industries and the period of
repayment is 7 years.
40. 9.Annapurna Scheme
The Annapurna Scheme aims at providing
food security to meet the requirement of those
Senior Citizens who though eligible have
remained uncovered under the National Old
Age Pension Scheme (NOAPS). Under
the Annapurna Scheme, 10 Kg. of food grains
per month are to be provided 'free of cost' to the
Beneficiary.
42. 1. Prime Minister Employment
Generation Programme
The scheme provides a subsidy for
entrepreneurs. It has been implemented
by Khadi and Village Industries
Commission (KVIC) through identified
banks, only for new projects.
Nature of assistance: Subsidy varies
from 15% to 35%, with 5% to 10%
beneficiaries’ contribution, and the
balance through banks as term loan and
working capital loan
Who can apply: Aspiring entrepreneurs,
Self Help Groups (SHGs), etc.,
43. 2. Janashri Bima Yojana for Khadi
Artisans
It is group insurance for khadi
artisans formulated by KVIC with
LIC
Nature of assistance: Insurance
cover to khadi artisans for natural
death due to accident and loss of both
eyes and both limbs, plus a
scholarship up to 12th standard for
two children
Who can apply: Khadi spinners and
weavers aged between 18 years and
59 years, and below and marginally
above the poverty line
44. 3. Market Development Assistance
Under this scheme, financial assistance are
provided for khadi institutions to improve
outlets and production processes besides
giving incentive to customers
Nature of assistance: 20% of production
cost for khadi cotton, woolen silk and poly
vastra against the approved production target
Who can apply: Khadi institutions of A+, A,
B and C categories
45. 4. Rejuvenation, Modernisation
and Technology Upgradation of
Coir Industry (REMOT)
The credit linked subsidy for setting
up of coir units with project cost
plus one cycle of working capital
(up to 25% of the project cost and
not to be considered for subsidy)
Nature of assistance: 55% bank
loan, 40% margin money (subsidy)
as government grant, 5% beneficiary
contribution
Who can apply: Individuals, SHGs,
NGO, etc.
46. 5. Centrally Sponsored Schemes (CSS) of
Export Market Promotion
The CSS is provided for the overall
development of coir industry; to support the
modernisation of export-oriented units to
popularise coir products in global markets, and
to participate in international fairs, seminars,
etc.
Nature of assistance: Up to Rs 2 lakh for
participating in fairs and 25% of production
cost with a ceiling of Rs 15,000 for publicity
material
Who can apply: Any coir MSME, any coir
exporter MSME with Free-on-Board (FoB)
turnover below Rs 2 crore and registered with
Coir Board
47. 6. Skill Upgradation & Quality
Improvement And 19 Mahila Coir
Yojana
Skill training to develop the coir
industry, and the provision of spinning
equipment to women to empower them
Nature of assistance: Two months of
training with Rs 750 per month
stipend, a one-time subsidy of 75%,
cost of motorized traditional rates, with
a ceiling
Who can apply: Any coir MSME, any
coir exporter MSME
48. 7. Development of Production
Infrastructure
Provides modern infrastructure for
production units leading to improved
productivity, quality and employment
opportunities
Nature of assistance: 25% cost of
equipment with a maximum ceiling of
Rs 9 lakh and up to Rs 2 lakh for
modernization/renovation
Who can apply: New coir processing
units registered with Coir Board
49. 8. Welfare Measures Scheme (Coir
Workers)
Accident insurance providing financial
compensation for the disabled/nominee
Nature of assistance:
Accident death: Rs 50,000;
Permanent total disability: Rs 50,000;
Permanent partial disability: Rs 25 000;
Provision for finger cut: as applicable
Who can apply: Coir workers aged
above 18 years
50. 9. Programme for Promotion of Village
Industry Cluster - Rural Industry Service
Centre (RISC) for Khadi and Village
Industry
To provide infrastructure support and services
for local units to upgrade production capacity
and skills, and market promotion
Nature of assistance: Maximum of Rs 25
lakh with 25% self-contribution, in three
equal installments
Who can apply: Farmers, entrepreneurs,
NGOs, SHGs, etc.,