• 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 '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.
Entrepreneurship development - Micro Small and Medium EnterprisesSOMASUNDARAM T
Meaning; Definition; Types; product range; capital investment; ownership patterns; Importance and role played in the development of the Indian economy; Problems and Remedies; Sickness in MSME’s; Meaning and definition of a sick industry; Causes of industrial sickness; Preventive and remedial measures for sick industries.
• 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.
Entrepreneurship development - Institutional AssistanceSOMASUNDARAM T
Financial assistance through SFCs, SIDBI, Commercial Banks, KSIDC, KSSIC, IFCI; Non-financial assistance from DIC, SISI, EDI, SIDO, AWAKE, TCO, TECKSOK, KVIC; Financial incentives for SSI and Tax Concessions ; Industrial estates: role and types.
MSME stands for Micro, Small, and Medium Enterprises. It was introduced by the Government of India in agreement with the MSMED (Micro, Small, and Medium Enterprises Development) Act of 2006. MSMEs are the enterprises involved in the processing, production, and preservation of goods and commodities.
This presentation will help the reader to know when and from where the entrepreneurial class emerged in India, the history behind the emergence of the entrepreneurial class, and
the major events that mark this emergence.
Role Of Agencies assisting EntrepreneurshipAnubha Rastogi
Various agencies in India including DICs, NSICs, EDII, NIESBUD,NEDB and more are functioning to promote entrepreneurship. Several new initiatives have also been taken by the Government of India to promote the culture of entrepreneurship.
Project management is the practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria at the specified time.
Most of the project idea involve combining existing field of technology or offering variants of present product & services.
A panel is formed for the purpose of identifying investment opportunities. It involves the following tasks which must be carried out in order to come up with a creative idea –
(a) SWOT analysis
(b) Determination of objectives
(c) Creating Good environment
Entrepreneurship development - Micro Small and Medium EnterprisesSOMASUNDARAM T
Meaning; Definition; Types; product range; capital investment; ownership patterns; Importance and role played in the development of the Indian economy; Problems and Remedies; Sickness in MSME’s; Meaning and definition of a sick industry; Causes of industrial sickness; Preventive and remedial measures for sick industries.
• 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.
Entrepreneurship development - Institutional AssistanceSOMASUNDARAM T
Financial assistance through SFCs, SIDBI, Commercial Banks, KSIDC, KSSIC, IFCI; Non-financial assistance from DIC, SISI, EDI, SIDO, AWAKE, TCO, TECKSOK, KVIC; Financial incentives for SSI and Tax Concessions ; Industrial estates: role and types.
MSME stands for Micro, Small, and Medium Enterprises. It was introduced by the Government of India in agreement with the MSMED (Micro, Small, and Medium Enterprises Development) Act of 2006. MSMEs are the enterprises involved in the processing, production, and preservation of goods and commodities.
This presentation will help the reader to know when and from where the entrepreneurial class emerged in India, the history behind the emergence of the entrepreneurial class, and
the major events that mark this emergence.
Role Of Agencies assisting EntrepreneurshipAnubha Rastogi
Various agencies in India including DICs, NSICs, EDII, NIESBUD,NEDB and more are functioning to promote entrepreneurship. Several new initiatives have also been taken by the Government of India to promote the culture of entrepreneurship.
Project management is the practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria at the specified time.
Most of the project idea involve combining existing field of technology or offering variants of present product & services.
A panel is formed for the purpose of identifying investment opportunities. It involves the following tasks which must be carried out in order to come up with a creative idea –
(a) SWOT analysis
(b) Determination of objectives
(c) Creating Good environment
• 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.
Organizations providing financial assistance in India to MSMEsMeghana Shree
This PPT talks about the few financial organizations in India that provides financial assistance to MSME sector in India. This gives a small briefing and charts out the differences between these organizations.
Presentation on the institutional support to entrepreneurs. The financial institutions, its classification, IFCI, LIC, UTI, industrial development, extension, SISI, SSIB, DIC.
MSME - All you need to know about this sectorshubhadeep saha
here in the slide, I have presented all the necessary information regarding MSME i.e Micro, Small & Medium Enterprises. From the opportunities, challenges to the benefits of MSMED act, loan schemes, projects that the FMC has submitted till date are all presented. although I couldn't provide all the happenings in MSME this presentation can be named as MINI WIKI for MSME. in recent days msme has contributed a lot to the Indian economy and makes it stronger. also, the MSME sector provides huge employment that has surely lower down the tension of the govt. e6arao aro onek ki6u a6e, jeta apnara net ghatle bujhte parben, apatoto ja korar ata diei korun. porer ta pore dekha jbe
The presentation is focussed on one of the biggest advertising media type, the print media. It throws light on the evolution of print media advertising. Also, it discusses the evolution of print media in India. The discussion covers two important channels of print media - newspapers, and magazines.
This presentation is all about the importance of creativity in entrepreneurship. It will also discuss the nature, constituents, and types of creativity.
The presentation will give the definition of creative thinking and will explain in detail the different creative thinking techniques that are practiced by the entrepreneurs.
This presentation throws light on the rural entrepreneurship and rural development. Also, it talks about how rural development has progressed so far in the context of India.
The presentation elucidates various issues related to Human Resource Management, specifically, those related to recruitment and selection, in MSMEs in India and their solutions.
Study of the interface between entrepreneurship and the entrepreneurial environment is essential for successful operation of business firms. This presentation talks about the different environmental factors affecting the growth and survival of an enterprise.
When listening about building new Ventures, Marketplaces ideas are something very frequent. On this session we will discuss reasons why you should stay away from it :P , by sharing real stories and misconceptions around them. If you still insist to go for it however, you will at least get an idea of the important and critical strategies to optimize for success like Product, Business Development & Marketing, Operations :)
Reflect Festival Limassol May 2024.
Michael Economou is an Entrepreneur, with Business & Technology foundations and a passion for Innovation. He is working with his team to launch a new venture – Exyde, an AI powered booking platform for Activities & Experiences, aspiring to revolutionize the way we travel and experience the world. Michael has extensive entrepreneurial experience as the co-founder of Ideas2life, AtYourService as well as Foody, an online delivery platform and one of the most prominent ventures in Cyprus’ digital landscape, acquired by Delivery Hero group in 2019. This journey & experience marks a vast expertise in building and scaling marketplaces, enhancing everyday life through technology and making meaningful impact on local communities, which is what Michael and his team are pursuing doing once more with Exyde www.goExyde.com
Salma Karina Hayat is Conscious Digital Transformation Leader at Kudos | Empowering SMEs via CRM & Digital Automation | Award-Winning Entrepreneur & Philanthropist | Education & Homelessness Advocate
Zeeshan Hayat - A Guide to Efficient Business Management.pdf
Institutional Support to Micro, Small and Medium Enterprises
1. INSTITUTIONAL SUPPORT TO
MICRO, SMALL AND MEDIUM
ENTERPRISES
Presented by:
Dharam Veer Singh
Semester III (MBA – M52)
MONIRBA, University of Allahabad
2. Institutional support system is necessary at
three stages enterprise development:
• Inception or Promotion
• Day-to-day management
• Expansion and Diversification
3. Three dimensions of institutional support
system are:
• Central Government
• State Government
• Non-government Support System
5. SMALL SCALE INDUSTRIES BOARD (SSIB)
Established in 1954
It consists of the following members:
• Union Industry Minister
• State Industry Minister
• Selected members of Parliament
• Secretaries of department concerned
6. NATIONAL BANK FOR AGRICULTURE AND
RURAL DEVELOPMENT (NABARD)
Established in 1982
Services offered by NABARD:
• Attracting youth to rural non-farm sector.
• District Industries Rural Project (DRIP).
• Rural Entrepreneurship Development
Programme (REDP).
7. SMALL INDUSTRIES DEVELOPMENT
ORGANISATION (SIDO)
Constituted in 1954 to develop support
services for promotion of SSS.
Main objectives of SIDO are:
• To formulate policy for promotion of SSI
• Provide coordination of policies of state
government
• To collect and disseminate information
8. • To provide wide range of extension services
through allied institutions
• To promote facilities for technology
upgradation
• To offer consultancy services
9. Services Rendered by SIDO:
• Entrepreneurship development and
Management training.
• Efforts for skill development.
• Preparation of feasibility reports for different
products.
• Provision of testing services.
• Availability of tool room facilities.
10. NATIONAL SMALL INDUSTRIES CORPORATION
(NSIC)
Set up by government of India in 1955.
Main functions are:
Supply of machinery and equipment.
Provision of financial assistance.
Assistance for arrangement of raw materials.
Establishment of technology transfer centers.
Arrangement of marketing assistance.
Priority in government purchase programme
11. SMALL INDUSTRIES DEVELOPMENT BANK OF
INDIA (SIDBI)
Established in 1990
Subsidiary of IDBI, setup as an act of
parliament.
Provides assistance for:
• Setting up of new SSI units, small hotels,
hospitals and so on.
• Technological upgradation and modernization,
expansion and diversification.
12. • Quality upgradation.
• Development of markets.
• Development of infrastructure.
• Discounting of bills of manufacturer-seller in
selling either equipments or components.
14. STATE FINANCIAL CORPORATIONS (SFC)
Objectives:
• Provide term loans
• Promotion of self-employment.
• Encourage women entrepreneurs.
• Expansion of industry.
• Provide seed capital assistance.
15. STATE SMALL INDUSTRIES DEVELOPMENT
CORPORATION (SSIDC)
Important functions performed are:
• Procurement and distribution of raw
materials.
• Supply of machine on hire-purchase basis.
• Construction of industrial estates.
• Providing assistance for marketing of products
of SSI.
16. TECHNICAL CONSULTANCY
ORGANISATON
Services of TCOs include:
• Preparation of project profiles.
• Undertaking industrial potential surveys.
• Identification of potential entrepreneurs.
• Undertaking market research.
• Project supervision and rendering technical
and administrative assistance.
• Conducting EDPs.
17. KHADI AND VILLAGE INDUSTRIES COMMISION
(KVIC)
It is engaged in the development of khadi and
village industries in rural areas.
Main objectives of KVIC are:
• Providing employment in rural areas.
• Skill improvement.
• Rural industrialization.
• Transfer of technology.
19. INDIAN COUNCIL OF SMALL INDUSTRIES (ICSI)
It was established in 1979.
Main functions are:
• Information dissemination.
• Entrepreneurship development.
• Consultancy and managerial support.
• Training and research.
20. LAGHU UDYOG BHARTI (LUB)
It was founded in 1995.
It is responsible to undertake:
• Entrepreneurial training.
• Technology upgradation.
• Marketing services.
The term institutional support system generally refers to the economic environment of industry and business comprising of authorities and institutions whose decisions and operational framework affect the level of business.
These institutions include govt owned agencies, statutory corporations autonomous and semi autonomous organisations.
It is an apex body and has been entrusted to play advisory role in solving problems of SMEs.
It provide effective coordination and inter-institutional linkages for the benefit of small scale sector.
4-Financial Institutions
Selected Public Enterprises
Industry Associations
Eminent experts in the field
For providing credit for the promotion of agriculture small scale industries, cottage and village industries handicrafts and other rural industries.
1.To promote labour intensive industries in rural sector and open wide range of avenues for employment to the rural ppl. various schemes have been formulated by NABARD to provide exclusive support to activities undertaken by women like ASSISTANCE TO RURAL WOMEN IN NON FARM DEVELOPMENT, assistance for marketing of non farm products and so on..
2.It is an integrated area based credit intensification pgm in collaboration with the govt. banks and other development agencies…so far it has been implemented in over 106 districts in the country..
3.It is a promotional pgm setup to motivate and train educated unemployed rural youth to start their own enterprises.
1.Basic purpose of this pgm is to identify entr capabilities n motivate n train d entrepreneurs so dat they cn easily set up their industrial units. Various orgns resp to provide trng r: smal indstries service institute….national institute for entrepreneurshp and small business developmnt……natl institute for smal industry extension and trng
2.Arng trng facilities for technicl skill develpmnt to technicians and workers located at different parts of d country.
3.SIDO prepares project profiles related wid different pdt grps.it contains detailed info on pdt manufacturing process, mkt potential,quality control and standards, investmnt requiremnts, availability of raw materials and machines.
4.Main function of these testing centers and field status r to Provide certification facilities for quality assurance.it increases marketability of products being produced by SMEs
5.Main functns of tool rooms are to design n manufacture dies, tools, fixtures……
With the objective of promoting and developing SSIs.
1.it has two schemes in this context: hire purchase scheme and lease scheme…..under hire purchase scheme it arranges indigenous and imported machinery on easy instalmnt….in lease scheme 100% financial facilities are available to small entrepreneurs which enable them to diversify and ensure tech upgradation…
2. Financial assistance provided for marketing, bills discounting, purchase of raw materials and export activities.
3.…..import of raw materials…..supply of scarce raw materials on priority basis….
4. SSIs are interested to avail facilities for tech acquisition, adoption and upgradation. Technicl service centers are established by NSIC in different parts of the country to provide diverse technical support to SSS.
5. ….ensures adequate margin or return to small entrepreneurs….encourage stadardisation and quality control for products of SSI…….assist in development of brand ie making pdts more marketable…..ensure effective advertising and publicity of pdts of SSI.
6. These benefits include supply of tender form free of cost…..freedom from security deposit….exemption from payment of earnest money.
It is the principal financial institution for the promotion, financing and development of industry in the small, tiny and cottage industries.
1.Acquiring of ISO 9000 series certification
At present 18 SFC (17 established under SFC act 1951) & tamilnaduindustrial corporation ltd under company act 1949. it Financing and promoting SMEs, achieving regional socio-economic growth and generating grtr employment opportunities.
1.For fixed assets like land, building, plant and machinery.
3.To encourage new and technically qualified women entrepreneurs in setting up industrial projects.
4.Expansion of industry by rural and urban artisans.
5.Provide guarantee loan from scheduled and cooprative bank Under the scheme of IDBI.
Established under the companies act 1956
3.PROVIDING ALLIED INFRASTRUCTURTE facilities and their maintenance.
INDIAN FINANCIAL INSTITUTIONS ALOGWITH COMMERCIAL BANKS AND STATE LEVEL FINANCIAL AND development institutions estblished a network of TCOS DURING THE 70S and 80s to cater to the consultancy needs of the SMEs and new entrepreneurs with a view to provide technical expertise.
3. And providing them technical and mgmt assistance.
6. And skill upgradation prgms.
Notable achievements of the kvic are introduction of fabric painted khadi, ready made garments, hand made paper….furthermore it also has tie ups with export companies for exporting kvi technology
To help tiny cottage and small industries and artisans of rural sector
To promote and safeguard the interest of small and medium scale industries.it has been given representation on the national and state level govt bodies.