ENTREPRENEURSHIP AND NEW VENTURE

CREATION

ASSIGNMENT - 2

Role of government institutions

Submitted To: Submitted By:

Neha Makkar mam Aditya Sharma

Amity Global Business School Enroll No: A30101922012

Amity University, Noida, U.P. Course: MBA (2022-24)

Section – A sem 1
 Role of Government Institutions
In Entrepreneurship Development
National Level Institutions

Schemes of NSIC
Marketing Support
Consortia and Tender Marketing
Single point Registration for Government Purchase
MSME Global Mart B2B Web Portal for MSMEs
Buyer-Seller meets
Credit Support
Technology Support

SIDO
Small Industries Development Organization (SIDO) is a subordinate office of the
Department of SSI and Auxiliary and Rural Industry (ARI). It’s anything but a summit
body and nodal office for defining, planning and checking the approaches and
projects for advancement and improvement of limited scope ventures.

Development Commissioner is the top of the SIDO. He is helped by different directors

and consultants in advancing and executing different projects of preparing and the
executives, consultancy, mechanical examination, opportunities for advancement of
various sorts of small scale industries, modern homes, and so forth.

The main functions of SIDO are:

Co-ordination

Industrial development

Extension

These functions have performed through a public organization of establishments and

related offices made for explicit functions. As of now, the SIDO functions through 27
 workplaces, 31 Small Industries Service Institutes (SISI), 37 Extension Centers, 3
Product-cum – Process Development Centers, and 4 Production Centers.

All small scale businesses aside from those falling inside the specific sheets and
organizations like Khadi and Village Industries (KVI), Coir Boards, Central Silk Board,
and so forth, fall under the domain of the SIDO.

The fundamental functions performed by the SIDO in every one of its three classes of
functions are:
a. To advance a public approach for the improvement of small scale industries,

b. To co-ordinate the arrangements and projects of different State Governments,

c. To keep an appropriate contact with the connected Central Ministries, Planning

Commission, State Governments, Financial Institutions and so forth, and

d. To co-ordinate the projects for the advancement of mechanical bequests.

KVIC
The KVIC is charged with the planning, promotion, organization and implementation of
programs for the development of Khadi and other village industries in the rural areas in
coordination with other agencies engaged in rural development wherever necessary.

Objective

The broad objectives are...

• The social objective of providing employment.

• The economic objective of producing saleable articles.
• The wider objective of creating self-reliance amongst the poor and building up of a
strong rural community spirit.
 Functions
The KVIC is charged with the planning, promotion, organization and implementation of
programs for the development of Khadi and other village industries in the rural areas in
coordination with other agencies engaged in rural development wherever necessary.

Its functions also comprise building up of a reserve of raw materials and implements for
supply to producers, creation of common service facilities for processing of raw materials as
semi-finished goods and provisions of facilities for marketing of KVI products apart from
organization of training of artisans engaged in these industries and encouragement of co-
operative efforts amongst them. To promote the sale and marketing of khadi and/or
products of village industries or handicrafts, the KVIC may forge linkages with established
marketing agencies wherever feasible and necessary. The KVIC is also charged with the
responsibility of encouraging and promoting research in the production techniques and
equipment employed in the Khadi and Village Industries sector and providing facilities for
the study of the problems relating to it, including the use of non-conventional energy and
electric power with a view to increasing productivity, eliminating drudgery and otherwise
enhancing their competitive capacity and arranging for dissemination of salient results
obtained from such research. Further, the KVIC is entrusted with the task of providing
financial assistance to institutions and individuals for development and operation of Khadi
and village industries and guiding them through supply of designs, prototypes and other
technical information. In implementing KVI activities, the KVIC may take such steps as to
ensure genuineness of the products and to set standards of quality and ensure that the
products of Khadi and village industries do conform to the standards.

The KVIC may also undertake directly or through other agencies studies concerning the
problems of Khadi and/or village industries besides research or establishing pilot projects
for the development of Khadi and village industries.

 NIESBUD
The National Institute for Entrepreneurship and Small Business Development is a
premier organization of the Ministry of Skill Development and Entrepreneurship,
engaged in training, consultancy, research, etc. in order to promote entrepreneurship
 and Skill Development. The major activities of the Institute include Training of
Trainers, Management Development Programs, Entrepreneurship-cum-Skill
Development Programs, Entrepreneurship Development Programs and Cluster
Intervention. NIESBUD has provided training to 12,37,307 persons till date through
46,837 different training programs since inception. This includes 5,011 international
participants hailing from more than 145 countries throughout the globe.

 To standardize and systemize the processes of selection, training, support and

sustenance of potential and existing entrepreneurs.
 To support and motivate institutions/organizations in carrying out training and other
entrepreneurship development related activities.
 To provide vital information and support to trainers, promoters and entrepreneurs
by organizing research and documentation activities relevant to entrepreneurship
and skill development.
 To create a holistic environment to train the trainers, promoters and consultants in
diverse areas of entrepreneurship and skill Development.
 To share experience and expertise in entrepreneurship development across national
frontiers to create awareness on it at national level.
 To interchange international experience and expertise in the field of
entrepreneurship development for mapping its development at international levels
too.

NSIC
National Small Industries Corporation (NSIC), is an ISO 9001:2015 certified Government
of India Enterprise under Ministry of Micro, Small and Medium Enterprises (MSME).
NSIC has been working to promote, aid and foster the growth of micro, small and
medium enterprises in the country. NSIC operates through countrywide network of
offices and Technical Centers in the Country. In addition, NSIC has set up Training cum
Incubation Centre managed by professional manpower.
Mission: “To promote and support Micro, Small & Medium Enterprises (MSMEs)
Sector” by providing integrated support services encompassing Marketing, Technology,
Finance and other services.
Vision: “To be a premier Organization fostering the growth of Micro, Small and
Medium Enterprises (MSMEs) Sector”.

 Startup India Initiative

The Startup India initiative was announced by Hon’ble Prime Minister of India on
15th August, 2015. The flagship initiative aims to build a strong eco-system for
nurturing innovation and Startups in the country that will drive sustainable economic
growth and generate large scale employment opportunities. Further to this, an
Action Plan for Startup India was unveiled by Prime Minister of India on 16th
January, 2016. The Action Plan comprises of 19 action items spanning across areas
 such as “Simplification and handholding”, “Funding support and incentives” and
“Industry-academia partnership and incubation”.

Government of India has made fast paced efforts towards making the vision of
Startup India initiative a reality. Substantial progress has been made under the
Startup India initiative, which has stirred entrepreneurial spirit across the country.

The Department for Promotion of Industry and Internal Trade (DPIIT) is mandated to
coordinate implementation of Startup India initiative with other Government
Departments. Apart from DPIIT, the initiatives under Startup India are driven
primarily by five Government Departments viz. Department of Science and
Technology (DST), Department of Bio-technology (DBT), Ministry of Human Resource
Development (MHRD), Ministry of Labour and Employment and Ministry of
Corporate Affairs(MCA) and NITI Aayog.

 SIDBI

 SIDBI was established with the mission of facilitating and strengthening the flow of
credit to Micro, Small and Medium Enterprises and for addressing the
developmental and financial gaps in the ecosystem of MSMEs.
 It is a statutory body set up under an act of the Indian Parliament in 1990.

Functions of SIDBI

 It aims at emerging as a single-window to meet the developmental and financial

needs of MSMEs in order to make them globally competitive, strong, vibrant and to
protect the institution as a customer-friendly financial body.
 It also aims at enhancing the wealth of shareholders through the modern technology
platform.
 It is involved in the promotion and development of the MSME sector.
 It is the principal institution for the development, promotion and financing of the
MSME sector and for coordination of functions of the institutions engaged in similar
activities.
 SIDBI retained its position in the top 30 Development Banks of the World in the
ranking of The Banker, London.
 SIDBI also functions as a Nodal/Implementing Agency to various ministries of the
Government of India viz., Ministry of MSME, Ministry of Textiles, Ministry of
Commerce and Industry, Ministry of Food Processing and Industry, etc.

Financial Support of SIDBI to MSMEs

SIDBI provides financial support to MSMEs in the following ways:

 1. Indirect financing by way of refinancing the banks, refinancing financial institutions
for onward lending to MSMEs.
2. Direct financing by way of service sector financing, receivable financing, risk capital
and sustainable financing, etc.

National Bank for Agriculture and Rural

Development (NABARD)

As the name suggests NABARD is a development bank focusing primarily on the rural sector
of the country. It is, in fact, India‘s apex development bank. It is one of the most important
institutions in the country. NABARD is responsible for the development of the small
industries, cottage industries, and any other such village or rural projects.

Established on 12th July 1982, it had an initial capital of 100 crores. The bank is under the
supervision of a Board of Directors which the Government of India will appoint. The
headquarters of NABARD is in Mumbai but it has many branches and regional divisions.

NABARD is instrumental in the development and efficiency of the current rural credit
system. Over half the credit in the rural region comes from Co-operative banks and
Regional Rural Banks. NABARD is responsible for regulating and supervising the functioning
of such banks. Over the years NABARD has been pushing for development in the credit
schemes for rural populations to meet their new credit requirements.

Other than meeting credit requirements of the rural sector NABARD is also instrumental in
social innovations and projects. It partners with various organizations for many innovative
projects such as SHG-Bank linking, innovative schemes for water and soil conservation.
Over the last three decades, the institution has gained goodwill and trust in the farmers
and rural communities.

Entrepreneurship Development Program

EDP is a programme meant to develop entrepreneurial abilities among the people. In
other words, it refers to inculcation, development, and polishing of entrepreneurial skills
into a person needed to establish and successfully run his / her enterprise. Thus, the
concept of entrepreneurship development programme involves equipping a person with
the required skills and knowledge needed for starting and running the enterprise.

ENTERPRENEURSHIP DEVELOPMENT PROGRAMME (EDP) FOR PMEGP BENEFICIARIES

1. INTRODUCTION: To motivate, inspire, confidence and build capacity for establishment of an
enterprise, manage and sustain the unit successfully by beneficiary. As per operational
guideline approved by Ministry of Micro, Small & Medium Enterprises, Govt. of India PMEGP
beneficiary has to undergo two weeks (10 Days)& six days ( the project cost up to Rs 5.00
lakhs) Entrepreneurship Development Programme (EDP) before release of sanctioned loan
to beneficiaries.
 2. OBJECTIVES: * To impart knowledge on the concept of entrepreneurship, its challenges and
prospects. * To develop entrepreneurial on the concept of entrepreneurship, its motivation,
risk taking ability, confidence, goal setting ability of the potential entrepreneurs. * Impart
knowledge on procedure and formalities of setting of an enterprise /business. * Develop
skills on management of a unit / business establishment including financial and marketing. *
To impart knowledge on identification of business opportunities and preparation of business
plan.

 FICCI
Established in 1927, FICCI is the largest and oldest apex business organisation in India. Its
history is closely interwoven with India's struggle for independence, its industrialization, and
its emergence as one of the most rapidly growing global economies.

A non-government, not-for-profit organisation, FICCI is the voice of India's business and

industry. From influencing policy to encouraging debate, engaging with policy makers and
civil society, FICCI articulates the views and concerns of industry. It serves its members from
the Indian private and public corporate sectors and multinational companies, drawing its
strength from diverse regional chambers of commerce and industry across states, reaching
out to over 2,50,000 companies.

FICCI provides a platform for networking and consensus building within and across sectors
and is the first port of call for Indian industry, policy makers and the international business
community.
 PHD chamber of commerce
PHD Chamber of Commerce and Industry(PHDCCI) is one of the Premier Chambers in India
to have been accredited with “Diamond Grade” by NABET(QCI), at national and
international level.
PHDCCI is a National Apex Chamber having its International office at Bahrain for 6 GCC
countries, with 1,30,000 companies as its members base, as total focus on the development
of small and medium businesses. PHDCCI has co-opted National and International Industry
Associations and Organizations through over 100 MoUs signed between the parties.’’
PHD Chamber of Commerce and Industry, established in 1905, is a proactive National Apex
Chamber working at the grass-root level and with strong national and international linkages.
The Chamber acts as a catalyst in the promotion of Industry, Trade and Entrepreneurship.
PHD Chamber, through its research-based policy advocacy role, positively impacts the
economic growth and development of the nation. PHD Chamber is more than an
organization of the business community, as it lives by the chosen motto In Community Life &
Part of It and contributes significantly to socio-economic development and capacity building
in several fields.

About PHD MSME Mentoring and Guidance Centre

MSME Mentoring and Guidance Centre is an initiative of PHD Chamber of

Commerce and Industry. As one of the four Apex chambers of the country, it is a key
driver of policies at the National & State level with a large membership base of
MSMEs. PHD-MSME Mentoring and Guidance Centre is a ONE STOP SOLUTION
for the MSMEs to expand their businesses and entering new areas. Major services
offered by the Centre are:-
 Information and Guidance to MSMEs for accessing Financial Assistance under
various subsidy/ assistance schemes of the government.
 Facilitating MSMEs for raising fresh Capital and Credit.
 Providing information about Government procurement operations and government
tenders.
 Technology Bank to provide information about appropriate technologies.
 Providing new project ideas and project profiles for starting a new businesses.
 Empanelment of mentors to give mentoring support to Start-up entrepreneurs.
 Facilitating MSMEs for participation in National and International events, Exhibitions
and Vendor Development Programs.
 Providing consultancy services for various Government Agencies and MSMEs.
 Providing B2B opportunities for Registered Members of PHDCCI.
 State Level Institution

DIRECTORATE OF INDUSTRIES & ENTERPRISE

PROMOTION

Directorate of Industries and Enterprise Promotion is an executive arm of the Department of

Micro Small and Medium Enterprise and Export Promotion which is engaged in
implementation of government policies for all-round development of industries in the state
and to make Uttar Pradesh a front runner state in terms of entrepreneur development,
providing a conducive environment for industrial production and investment. Directorate of
Industries and Enterprise Promotion plays an important role in promoting industrial
development and generating employment by implementing programmes and schemes of
Government of India and State Government.
Role of the Directorate of Industries & Enterprise Promotion are:-

 To promote industrial development and generate employment by implementing

programmes and schemes of Government of India and State Government.
 To provide input for policy formulation for industrial development as well as up-gradation of
infrastructure.
 Co-ordination with State and Central Government on policy issues and to frame guidelines
for execution.
 Preparation of plans and budget proposals.
 Co-ordination with agencies and departments concerned with industries viz. power,
pollution, State level corporations and other departments and financial institutions.
 Extension of marketing facility to industrial units through exhibitions, fairs, publicity and
promotion.
 Facilitation of Technology up-gradation through associations, institutions, schemes of
Government of India and State Government.
 To conduct training, sensitization through entrepreneurship development programmes in
order to strengthen human resources in this field.
 Increasing export potential through upgraded infrastructure and managerial skills.
District Industries Centre

The District Industries Centre, has been established with the purpose of promoting Micro
Small and Medium Enterprises in the District which contribute significantly for the economic
growth of the Districts and also boosts the tempo of employment opportunities by
implementation of the central and state governments of the various schemes and
programmes. DIC’s provide full assistance to the entrepreneurs who are going to start the
business on their own and in their regional places. The DICs program was started in the year
of 1978-79.

The aim of DIC is to promote Industrial Development in the District, in order to generate
employment opportunities, by facilitating entrepreneurs in establishing Micro, Small and
Medium enterprises by improving necessary conditions like infrastructures development,
skill development and providing financial support in the form of incentives to the
prospective entrepreneurs. The district industries center is also one of the implementing
Agencies of Prime Minister Employment Generation Programme (PMEGP) in the district.