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.
• 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.
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.
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.
• 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.
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.
Provides insights into way forward for the MSMEs, so that this economic powerhouse in the backyard can be linked with the mainstream economy and trade.
Economy booster control measures for sustainable development in and after COV...RiddhishKathar
What are the measures to control economic fall down and the threats of drowning GDP. Sustainable development is the only option left with us!
This PPT focus on 3 main sectors :
Agricultural, Industries and Public transport sector.
Also support me by following : https://www.instagram.com/rik_designs_/
Strategic issues in Readymade Garments Supply Chain Management: A Study on Mo...Md. Adib Ibne Yousuf
Course: Strategic Supply Chain Management
Course Code: SCM 6405
Prepared for
Lt Col Md. Tauhidul Islam (Retd.),
Associate Professor, Faculty of Business Studies
Bangladesh University of Professionals
Prepared by: Md. Adib Ibne Yousuf
MBA in Supply Chain Management
Bangladesh University of Professionals
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.
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.
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
Production Issues in MSMEs
1. Various Issues Related to
Production In Micro,Small and
Medium Enterprises
Presented by:
Kanchan Prasad
Semester III (MBA – M52)
MONIRBA, University of Allahabad
2. Issues And Challenges For MSMEs
The development of small-scale
industries is hampered by a diversity of
problems.
MSMEs face several challenges in the
fields of production, marketing, finance
and human resources management.
3. Issues Related To Production In MSMEs
The most important production issues are as
follow:
●Poor quality of goods
●Raw material procurement
●Transportation and connectivity
●Machinery and equipments
●Government policies and regulations
●Location
●Technology obsolescence
4. Issues Related To Production In MSMEs
Tend to produce poor quality of goods
The problem is to maintain and improve quality
of production.
Raw material procurement
●Non-availability of quality raw materials on a
timely basis in an adequate quantity.
Suggestions- some of the enterprises can start
raw material manufacturing together.
5. ●No benefits of bulk buying
Suggestions- since individual enterprise could
not take benefits of bulk buying so similar type
of enterprise should purchase products in bulk
amount.
To reduce raw material shortage in MSMEs
National Small Industries Corporation (NSIC)
and State Small Scale Industries Development
Corporations are involved in making efforts for
providing some raw materials to MSME sector.
Issues Related To Production In MSMEs
6. Issues Related To Production In MSMEs
Transportation and connectivity
●High cost of fuel.
●Bands and strikes called by transporters.
●Bad conditions of the roads.
●Exploitation by the goons in the form of
un-authorized toll taxes.
Suggestions- Near by all MSME unite together
and force on government to give facilities of
road and transportations.
7. Issues Related To Production In MSMEs
Machinery and equipments
●Use of traditional machines causes Low
productivity.
● Maintenance cost .
●High cost of modern machines and
equipments.
Suggestions: they can take modern
machines on lease or EMI.
8. Government policies and regulations
●Labour laws of the state.
●Laws of land acquisition.
●Import limit for certain raw materials.
●Pollution regulation.
●Political interference.
Location
●Availability of land, water, power, skilled
labour .
●Consumption pattern of population.
●Climate of the place.
Issues Related To Production In MSMEs
9. Issues Related To Production In MSMEs
Technology obsolescence
●Hesitant to invest in technology.
●Low awareness of benefits of technology
●lack of broadband connectivity
Suggestion: small businesses which
successfully adopted technology should be
shown as “success stories”. And Government
should take initiatives to increase broadband
connectivity.
10. Conclusion
MSME can grow if they utilizes all the
available resources and government
schemes along with follows our
suggestions.