Ral Entre

Table of Contents
• Who are entrepreneurs ?

• Why Govt. need them ?
• Government policies for Entrepreneurs
• Future challenges ahead for Govt.
• Conclusions & Suggestions
Why Govt. need them ?
Every successful entrepreneur brings about benefits not only
for himself/ herself but for the society or country as a whole.
The benefits that can be derived from entrepreneurial
activities are as follows:
Discover new markets
In economics, markets are people who are willing & able to
satisfy their needs is called effective demand. Entreprenuers
create customers or buyers because they are resourceful.
Discover New Sources of Materials
Due to the innovative nature of Entreprenuers, they persist on
discovering new sources of materials to inprove their
entreprises.
Mobilize Capital Resources
Capital resources, from a layman’s view, refer to money. However, in
economics, capital resources represent machines, buildings & other
physical productive resources. Entrepreneurs have initiative and self-
confidence in accumulating & mobilizing capital resources for their
business
Introduce New Technologies
Aside from being innovators & reasonable risk-takers, entrepreneurs
take advantage of business opportunities. Every year there are new
technologies & products to satisfy human needs.
Create Employment
The biggest employer is the private sector. Millions of jobs are provided
by factories, service industries, agricultural enterprises & small-scale
businesses.
Role of Entrepreneurship in the
Indian Economy
• Increasing opportunities for employment (comprising
various)
• Competitive skill sets
• Additional wealth creation
• Introduction and dissemination of new methods and

technology;
• Overall economic growth.

Govt. Policies for Entrepreneurs
•Central and State Government are actively
participating in self-employment opportunities by
providing assistance in respect of infrastructure,
finance, technology, training, raw-materials, and
marketing.
•The various policies insist on the utilization of
local resources and raw materials and locally
available manpower and further these are
translated into action through various agencies,
departments, corporations, etc.
Govt. Schemes for Entrepreneurs
• NABARD
• RSBDC
• NSIC
• SIDBI
• NCEUS
• RWED
• WASME
• SFURTI
National Bank for Agriculture and
Rural Development (NABARD)
• NABARD is an apex development financial
institution in India, headquartered at Mumbai
with branches all over India.
• The Bank has been entrusted with "matters
concerning policy, planning and operations in
the field of credit for agriculture and other
economic activities in rural areas in India".
NABARD
• Not only agriculture but it also supports small
industries, cottage and village industries, and
rural artisans using credit and non-credit
approaches.
• It also offers counseling and consultancy
services and organizes various training and
development programs for rural
entrepreneurs.
The Rural Small Business
Development Centre (RSBDC)
• Set up by small and medium enterprises and
sponsored by NABARD
• Aims at providing management and technical
support to current and prospective micro and
small entrepreneurs in rural areas.
National Small Industries Corporation (NSIC)
This was established in 1955 with vision to promote aid and foster the
growth of small business units in the country. This focuses on the
commercial aspects of these functions. Export the products of small
business units and develop export-worthiness . Supply indigenous and
imported machines on easy hire-purchase terms. Procure, supply and
distribute indigenous and imported raw materials. Creating awareness
on technological up gradation. Developing software technology parks
and technology transfer centers.
NSIC
• To supply indigenous and imported machines
in easy instalments.
• To procure and supply imported raw materials
• To export products of SSI
The Rural Small Business Development Centre (RSBDC)
It is the first of its kind established by the world association for small and
medium enterprises which is sponsored by NABARD.
It provides assistance to the socially and economically disadvantaged
individuals and groups. It aims at providing management and technical
support to current and prospective micro and small entrepreneurs in
rural areas. Through these programs it covers a large number of rural
unemployed youth and women in several trades, which includes food
processing, soft toys making, ready-made garments, candle making,
incense stick making, two-wheeler repairing and servicing,
vermicomposting, and non-conventional building materials.
Small Industries Development Bank of India (SIDBI)
Set up as an apex bank to provide direct/indirect financial assistance
under different schemes, to meet credit needs of small entrepreneurs or
business organizations. To coordinate the functions of other institutions
in similar activities
The National Commission for Enterprises in the
Unorganized Sector (NCEUS)
The NCEUS was constituted in September, 2004, with the following
objectives:
* To recommend measures considered necessary for improving the
productivity of small enterprises in the informal sector.
* To enhance the competitiveness of the sector in the emerging global
environment
* To generate more employment opportunities on a sustainable basis,
particularly in the rural areas.
* Potential for public-private partnerships in imparting the skills
required by the informal sector. Provision of micro-finance and
related services to the informal sector.
Rural and Women Entrepreneurship Development
(RWED)
The Rural and Women Entrepreneurship Development programs aims at
promoting a suitable business environment and to encourage and
support the entrepreneurial initiatives of people and specially women.
RWE provides the following services:
* Creating a business environment that encourages initiatives of rural
and women entrepreneurs.
* Providing training manuals for women entrepreneurs and training
them.

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Table of Contents

• Who are entrepreneurs ?

• Competitive skill sets

• Additional wealth creation

• Introduction and dissemination of new methods and

• Overall economic growth.

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