The Roles of Government And Banks in Entrepreneurship Financing in Nigeriascmsnoida5
The industrialization policy of most developed
and developing nations in the past laid emphasis
on economy of scale which is a concept that
emphasizescost effectiveness through large scale
production. This idea which holds the view that
large scale corporations were the pillar stone of
the modern economy prevailed for greater part
of the 20th century. In recent times, however,
this idea has changed and the importance of
small and medium scale enterprises- SMEs as
the bedrock of industrial development is gaining
prominence. Entrepreneurship development is a
concept concerned with the formation, financing,
growth and expansion of business enterprises
most especially small and medium scale in
an economy with the objective of achieving
economic growth and development.In Nigeria,
since independence, and since when the idea of
entrepreneurship development was introduced in
the 1970s and 1980s, various programmes and
policies were created by successive governments over the years for the development and financing
of enterprises to improve the economy. Also,
financial institutions, most especially the banks
have important roles to play in the development
and financing of entrepreneurship in the country.
Financing is one of the necessary prerequisites for
SMEs development; lack of finance represents a
major obstacle to their growth and development.
This write up will be an attempt to look into
the roles of both government and banks in
entrepreneurship development and financing in
achieving economic growth and development
in Nigeria. Relevant literature was reviewed
in the formulation of this write up. The main
source of informationused is secondary method
of data collection.The paper revealed that most
of the various programmes, policies and schemes
created by the government for the development
and financing of entrepreneurship were either
now moribund or have failed to meet up with
the purpose for which they were established. The
paper concludes that entrepreneurship is the need
of the day, therefore, authorities and the banks
should actively involve themselves in this task.
Startup India is an initiative of the Government of India.
The campaign was first announced by Indian Prime Minister, Narendra Modi during his 15 August 2015 address from the Red Fort, in New Delhi. The action plan of this initiative, is based on the following three pillars:
i )Simplification and Handholding.
ii) Funding Support and Incentives.
iii) Industry-Academia Partnership and Incubation.
An additional area of focused relating to this initiative, is to discard restrictive States Government policies within this domain, such as License Raj, Land Permissions, Foreign Investment Proposals, and Environmental Clearances. It was organized by The Department of Industrial Policy and Promotion (DIPP)
A startup defined as an entity that is headquartered in India, which was opened less than seven years ago, and has an annual turnover less than ₹25 crore (US$3.5 million).[3] Under this initiative, the government has already launched the I-MADE program, to help Indian entrepreneurs build 1 million mobile app start-ups, and the MUDRA Banks scheme (Pradhan Mantri Mudra Yojana), an initiative which aims to provide micro-finance, low-interest rate loans to entrepreneurs from low socioeconomic backgrounds.[4] Initial capital of ₹200 billion (US$2.8 billion) has been allocated for this scheme.
Intellectual property scheme for startups in indiaIntepat IP
The primary objective of the SIPP scheme is to promote awareness and the adoption of IPRs among start-ups. The scheme is exclusively designed to nurture emerging technologies in startups and assist them in protecting the same while deriving maximum commercial benefit out of it.
"Start Up India... Stand Up India" is an government initiative - announced by GOI on 16th Jan 2016. For inspiring youth for the entrepreneurship & start ups.
To turn India into a global manufacturing hub and significantly increase the ease of doing business in the country, the Prime Minister, Narendra Modi today unveiled the 'Make in India' initiative. ‘Make in India’ is NDA government's ambitious investment promotion initiative designed to facilitate investment, foster innovation, protect intellectual property, and build best-in-class manufacturing infrastructure in India. The initiative includes the creation of a website through which companies can seek policy clarifications within 72 hours. The logistics and systems for this initiative have been designed to address the queries of potential investors in a timely manner. The ambitious scheme was unveiled in New Delhi along with a logo, a portal and brochures on 25 identified growth sectors before the top brass of leading corporations from India and the world. Make in India program represents an attitudinal shift in how India relates to investors: not as a permit-issuing authority, but as a true business partner.
STARTUP INCUBATORS -As an Opportunity for Entrepreneurship
What are startup incubators?,
What do they provide?,
Incubator companies in India,
services provided by Incubators,
Phases of Incubation,
Reasons to join business incubators,
Process of Startup Incubators,
The key ingredients,
The changing role of startup incubators,
Examples of startup incubators.
The Roles of Government And Banks in Entrepreneurship Financing in Nigeriascmsnoida5
The industrialization policy of most developed
and developing nations in the past laid emphasis
on economy of scale which is a concept that
emphasizescost effectiveness through large scale
production. This idea which holds the view that
large scale corporations were the pillar stone of
the modern economy prevailed for greater part
of the 20th century. In recent times, however,
this idea has changed and the importance of
small and medium scale enterprises- SMEs as
the bedrock of industrial development is gaining
prominence. Entrepreneurship development is a
concept concerned with the formation, financing,
growth and expansion of business enterprises
most especially small and medium scale in
an economy with the objective of achieving
economic growth and development.In Nigeria,
since independence, and since when the idea of
entrepreneurship development was introduced in
the 1970s and 1980s, various programmes and
policies were created by successive governments over the years for the development and financing
of enterprises to improve the economy. Also,
financial institutions, most especially the banks
have important roles to play in the development
and financing of entrepreneurship in the country.
Financing is one of the necessary prerequisites for
SMEs development; lack of finance represents a
major obstacle to their growth and development.
This write up will be an attempt to look into
the roles of both government and banks in
entrepreneurship development and financing in
achieving economic growth and development
in Nigeria. Relevant literature was reviewed
in the formulation of this write up. The main
source of informationused is secondary method
of data collection.The paper revealed that most
of the various programmes, policies and schemes
created by the government for the development
and financing of entrepreneurship were either
now moribund or have failed to meet up with
the purpose for which they were established. The
paper concludes that entrepreneurship is the need
of the day, therefore, authorities and the banks
should actively involve themselves in this task.
Startup India is an initiative of the Government of India.
The campaign was first announced by Indian Prime Minister, Narendra Modi during his 15 August 2015 address from the Red Fort, in New Delhi. The action plan of this initiative, is based on the following three pillars:
i )Simplification and Handholding.
ii) Funding Support and Incentives.
iii) Industry-Academia Partnership and Incubation.
An additional area of focused relating to this initiative, is to discard restrictive States Government policies within this domain, such as License Raj, Land Permissions, Foreign Investment Proposals, and Environmental Clearances. It was organized by The Department of Industrial Policy and Promotion (DIPP)
A startup defined as an entity that is headquartered in India, which was opened less than seven years ago, and has an annual turnover less than ₹25 crore (US$3.5 million).[3] Under this initiative, the government has already launched the I-MADE program, to help Indian entrepreneurs build 1 million mobile app start-ups, and the MUDRA Banks scheme (Pradhan Mantri Mudra Yojana), an initiative which aims to provide micro-finance, low-interest rate loans to entrepreneurs from low socioeconomic backgrounds.[4] Initial capital of ₹200 billion (US$2.8 billion) has been allocated for this scheme.
Intellectual property scheme for startups in indiaIntepat IP
The primary objective of the SIPP scheme is to promote awareness and the adoption of IPRs among start-ups. The scheme is exclusively designed to nurture emerging technologies in startups and assist them in protecting the same while deriving maximum commercial benefit out of it.
"Start Up India... Stand Up India" is an government initiative - announced by GOI on 16th Jan 2016. For inspiring youth for the entrepreneurship & start ups.
To turn India into a global manufacturing hub and significantly increase the ease of doing business in the country, the Prime Minister, Narendra Modi today unveiled the 'Make in India' initiative. ‘Make in India’ is NDA government's ambitious investment promotion initiative designed to facilitate investment, foster innovation, protect intellectual property, and build best-in-class manufacturing infrastructure in India. The initiative includes the creation of a website through which companies can seek policy clarifications within 72 hours. The logistics and systems for this initiative have been designed to address the queries of potential investors in a timely manner. The ambitious scheme was unveiled in New Delhi along with a logo, a portal and brochures on 25 identified growth sectors before the top brass of leading corporations from India and the world. Make in India program represents an attitudinal shift in how India relates to investors: not as a permit-issuing authority, but as a true business partner.
STARTUP INCUBATORS -As an Opportunity for Entrepreneurship
What are startup incubators?,
What do they provide?,
Incubator companies in India,
services provided by Incubators,
Phases of Incubation,
Reasons to join business incubators,
Process of Startup Incubators,
The key ingredients,
The changing role of startup incubators,
Examples of startup incubators.
"The 10 Most Admired Companies in Sri Lanka 2018"Merry D'souza
Insights Success has come up with topic and has dealt under the issue of “The 10 Most Admired Companies in Sri Lanka 2018”. Here we have tried to focus on the different business portfolios with unique service solutions, and Omobio (Pvt) Ltd has grabbed our attention most to become the Cover story of this magazine. This is one of the best company develops software and solutions catering to the IT industry in Sri Lanka, and developing telecommunication-based solutions for local and International mobile and fixed line operators.
Competitive analysis of depositary service provider in nagpurSupa Buoy
Hi Friends
This is supa bouy
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SMS2ORBIT | launched in 2022 in Mumbai's Andheri area, aims to be the most reliable Bulk SMS Service Provider in Mumbai.
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How Does Littering Affect the Environment.ClenliDirect
Read this PPT now to gain in-depth insights into how to fight litter and safeguard our landscapes from its negative impacts.
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IDLC - Customer Satisfaction
1.
2.
3. In the course of the past 30 years the IDLC group has become the biggest multi-product
multi segment Non-banking financial institution in Bangladesh and one of the blue chip
companies on local stock markets. The single product leasing which started in 1985 with
five staff members has today evolved into a multi-product $750 million business which
has diversified into the corporate, SME, Retail and capital market segments.
Today IDLC is represented in 48 branches and in towns with more than 1,300 employees.
Since 2011, the IDLC group has embarked on a journey to grow its capabilities and
become larger and better than ever before. They launch new technology, new
products, new branch, new sales, Channels etc. In 2014 the Company began
leveraging these investments and seriously stepped up business.