2. Following are the objectives of EDP’S
1. Develop & strengthen entrepreneurial quality.
2. To analyze environmental set up relating to small industry
and promoting it.
3. Removing unemployment.
4. Enhancing industrial development.
5. Developing industrially backward regions.
6. Select project/product.
7. Formulate the project.
8. Understand the process & procedure involved in setting up
small units.
9. To know the sources of help & support available for starting
a small scale industry.
3. Cont.
10. Acquire necessary managerial skill required to run the
industrial unit.
11. Know the pros & cons of being an entrepreneur.
12. Helping the person to understand environmental changes &
opportunities.
13. Acquaint & appreciate the needed social responsibility /
entrepreneurial discipline.
7. Phase Third
Support & Follow-up
Support for – Establishment of the unit
- Financial Assistance
- Infrastructure Development
- Raw Material Sourcing
- Machinery Procurement
Counseling the entrepreneur during the implementation & commercial
production stages
8. EDP-Stages
Stage 1 : Entrepreneurial Interest
Stage 2 : Generate Ideas For Screening
Stage 3 : Venture Screening
Stage 4 : Develop & Refine The Concept
Stage 5 : Determine Resources Required
Stage 6 : Acquiring Necessary Financials
Stage 7 : Developing The Business Plan
Stage 8 : Implementing And Manage
Stage 9 : Growth Or Exit
9. Evaluation of EDP
• Evaluation of Entrepreneurship Development Programs assesses the
efficacy, degree of success, and the contribution of entrepreneurship
development programs (EDPs) in India. It delineates the factors
contributing to the success or failure of such programs, and evaluates the
role of support agencies with reference to the promotion of first-generation
entrepreneurs through EDPs.
• It was observed that one out of every four trainees (26per cent) actually
started his/her enterprise after undergoing entrepreneurial training.
• McClelland and Winter (1969) used the following criteria to assess the
effectiveness of EDPs in motivating the entrepreneurs.
10. qualitative evaluation’ of EDPs.
(i) activity level of the respondents;
(ii) new enterprise established;
(iii) total investments made;
(iv) investments in fixed assets made;
(v) number of people employed;
(vi) number of jobs created;
(vii) increase in profit;
(viii) increase in sales;
(ix) quality of product/service improved; and
(x) Quicker repayment of loans.
11. • In other behavioral experiments (Sah, et al, 1974) the impact
of EDPs is measured with the help of indices relating to the
entrepreneurial behavior.
• The entrepreneurial behavior is measured on the following
four dimensions :
(a) planning orientation
(b) achievement orientation
(c) expansion orientation
(d) management orientation.
