Entrepreneurship
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The document discusses various types of government assistance available to small and medium enterprises (SMEs) in India through the National Small Industries Corporation (NSIC). It outlines that NSIC provides raw materials, machinery through hire purchase and leasing, technical assistance like training and consultancy, and marketing assistance to SMEs. Some key assistance includes supply of raw materials, machinery financing, disseminating technology information, product marketing support, and tender benefits for registered SMEs. The overall aim is to promote and accelerate the growth of SMEs as they are important for national economic development.
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The document summarizes different types of enterprises in the private, public and global sectors.
In the public sector, there are departmental undertakings owned by central or state governments. There are also statutory corporations established by special acts and government companies where the government holds over 51% shares. Joint ventures combine capital from government and private sectors. Public-private partnerships facilitate projects through cooperation between sectors.
Reforms have reduced industries reserved for the public sector and introduced performance targets and autonomy through memorandums of understanding, as well as privatization and restructuring of inefficient units. Joint ventures provide benefits like shared resources, technology access, new markets, and lower costs.
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The document discusses various types of assistance provided by the National Small Industries Corporation (NSIC) in India to support small businesses. It outlines that NSIC was established in 1955 to promote small-scale industries and provides raw materials, machinery, technical assistance, and marketing support. Specifically, NSIC assists with obtaining raw materials, operates hire purchase and leasing schemes for plant/machinery, offers technical training and consultancy, and helps with marketing products under a common brand name. Additional services are available for small businesses registered under NSIC's single point registration scheme.
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The document discusses various government institutions that provide support to small scale industries (SSIs) in India. It outlines central level institutions like the Small Scale Industries Board and the Small Industry Development Organization that provide advisory, technical, and financial assistance. It also discusses state level organizations like State Industrial Development Corporations and District Industries Centres that promote SSIs. National institutions like National Small Industries Corporation and Small Industries Development Bank of India provide financing, marketing, and technology support. The overall aim is to encourage entrepreneurship and strengthen the SSI sector in India.
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1. It defines business as an organization engaged in commercial activities like production, services, or retail for earning a livelihood.
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Institutional efforts and role of government in developing enterprenuership -...
Institutional efforts and role of government in developing enterprenuership -...
Business Environment- Features,Meaning,Importance,Objectives & Porter's Model
Business Environment- Features,Meaning,Importance,Objectives & Porter's Model
Institutional Support to Micro, Small and Medium Enterprises
Institutional Support to Micro, Small and Medium Enterprises
Institutional support to small and medium enterprises
Institutional support to small and medium enterprises
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The document discusses various government institutions that provide support to small scale industries (SSIs) in India. It outlines central level institutions like the Small Scale Industries Board and the Small Industry Development Organization that provide advisory, technical, and financial assistance. It also discusses state level organizations like State Industrial Development Corporations and District Industries Centres that promote SSIs. National institutions like National Small Industries Corporation and Small Industries Development Bank of India provide financing, marketing, and technology support. The overall aim is to encourage entrepreneurship and strengthen the SSI sector in India.
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ED chapter 4-by Dr.K.G.Raja Sabarish Babu, Research Department of Business Ad...
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The document discusses various institutions that provide support to entrepreneurs in India at the national and state level. It outlines organizations like the Small Industries Development Organization (SIDO) and National Small Industries Corporation (NSIC) that help with coordination, training, financing, marketing and other services. It also mentions industry associations such as the World Association for Small and Medium Enterprises (WASME) and the Federation of Indian Micro and Small and Medium Enterprises (FISME) that support small businesses.Sido
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Entrepreneurship
- 1. ASSISTANCE FOR OBTAINING MATERIAL, MACHINERY, MARKETING AND TECHNICAL ASSISTANCE By Supriya. M.D.
- 2. INTRODUCTION Entrepreneurs are regarded as Nation builders as they contribute for the development of an economy. Hence, Government has to provide benefits in the way of various kinds of assistance, especially for SSI units, through various institutions as they lack in technical & marketing skills and also need help in the way of infrastructural facilities as they are basically considered to be poor.
- 3. GOVERNMENT ASSISTANCE Government of India established National Small Industries Corporation (NSIC) in 1955 to promote, help and accelerate the growth of Small Scale Industries. NSIC is directly operating different programmes by professionals through 8 regional offices, 5 Technical Service Centres, 2 foreign offices, 2 Software Technology Parks, 17 branch offices located in almost all the States and 3 Technical Services Extension Centres.
- 4. The NSIC provides machinery on hire purchase, equipment on lease, marketing inputs for meeting domestic and export needs, technical and managerial assistance etc.., NSIC also helps SSI units in enterprise building, training to promote industries throughout the country. It is also encouraging in growth of SSI’s in backward areas, for selected lines of production.
- 5. TYPES OF ASSISTANCE 1. Raw material assistance Supply of materials on the off- the shelf basis Import of raw materials Providing scarce raw materials on priority basis Supplies through NSIC godowns/ depots
- 6. 2. Plant and Machinery A. Hire purchase scheme Supply of indigenous and imported machinery and equipment on easy financial terms. Mainly targeted on first generation entrepreneurs. Special focus on women entrepreneurs, weaker sections, handicapped and ex-servicemen and SC/ST entrepreneurs. Creating a sound and formidable and entrepreneurship base. Faster growth and employment.
- 7. B. Leasing 100% finance for SSI’s to facilitated diversification and technology Single window for indigenous/imported machinery. Tax rebate on full-year rental. Increases in productivity.
- 8. 3. Technical assistance Information dissemination on technology, business and investment opportunities. Matching of business partners and search for technology worldwide Training, consultancy and technology evaluation Technology transfer programs Setting up a network to access database
- 9. Technically trained manpower in traditional and advanced trades. New technologies and modification of existing prototypes to take care of emerging trends in manufacturing technology. These centres have been recognised by Council of Scientific and Industrial Research for in-house R&D.
- 10. 4. Marketing assistance Ensure fair margin to producers of goods. Standardisation & quality control with testing facilities. Marketing of products under common brand name Provide publicity to SSI products. Upgrade Technology by supplying sophisticated machinery and equipment
- 11. Apart from these facilities, additional facilities for SSI who are registered under single point scheme are as follows: Issue of tender form free of cost Advance intimation of tenders Issue of a Competency Certificate in case the value of an order exceeds monetary limit after due verification. Surrender of security deposits up-to the monetary limit for which unit is registered.