Entrepreneurship
Development in India
PRESENTED TO:- PRESENTED BY:-
PROF. DALBIR SINGH PRATEEK (09)
ARVIND (48)
RAGHAV (59)
NANCY (94)
E.D.P
Entrepreneurship Development Programme (EDP) may be defined as a
programme designed to help a person in strengthening his
entrepreneurship motives and in acquiring skills and capabilities necessary
for playing his entrepreneurship role effectively and efficiently. It is
therefore necessary to promote his understanding of motives, motivation
pattern, impact on behaviour and entrepreneurship values.
Entrepreneurship development programme is a programme meant to
develop entrepreneurial abilities among the people. The concept of
entrepreneurship development programme involves equipping a person
with the required skills and knowledge needed for starting and running the
enterprise.
Features of EDP
➢ Economic and dynamic activity
➢ Related to innovation
➢ Profit potential
➢ Risk bearing
Objectives of EDP
Develop and strength their entrepreneurial quality.
To analyze environmental set up relating to small industry and promoting it.
Removing unemployment
enhancing industrial development.
Developing industrially backward region.
Select project/product.
Understand the process and procedure involved in setting up small units.
Know the sources of help and support available for starting a small-scale industry.
Acquire necessary managerial skill required to run the industrial unit.
Know the pros and cons of being an entrepreneur.
Helping the person to understand environmental changes and opportunities.
Acquaint and appreciate the needed social responsibility.
Roles of EDP
➢ Capital Formation
➢ Employment Opportunities
➢ Local Resources
➢ Balanced Regional Development
➢ Improved Per Capita Income
➢ Improved Standard of Living
➢ Economic Independence
➢ Preventing Industrial Slums
➢ Overall Development
Rationale of EDP
(i) EDP is meant for developing those first generation entrepreneurs who on their own cannot
become successful owners of enterprises.
(ii) The effective entrepreneurial class is necessary to speed up the process of activating the
factors of production to ensure higher rate of economic growth.
(iii) EDP ensures potential entrepreneurs of backward and tribal areas to set up their
enterprises with the help of government and institutional support system.
(iv) EDP helps in dispersal of economic activities in different regions by providing training and
other support to local people.
(v) EDP develops the persons who are interested to work as job providers by establishing
enterprises not to those who are job seekers. Thus, it helps in creation of employment
opportunities.
(vi) EDP improves the standard of living of the weaker sections of society and involvement of
all sections in the process of economic growth.
(vii) EDP develops motivation and competence necessary for successful launching,
management and growth of the enterprise.
Evaluation of EDP
Evaluation of EDPs begins with an assessment of philosophy or the central
objective of the programme. The agency conducting the programme must be
clear about the purpose underlying entrepreneurial development.
The objective may be to increase the production, to help the entrepreneur for
selection of the product or project and for formulation of the project, to uplift
certain people, to appreciate the needed social responsibility etc. Evaluation of
EDPs means to check-
1. How these programmes do their work properly or not,
2. How many problems are faced by these programmes at the time of
implementation?
Important Factors Influencing: Economic,
Social and Psychological Factors
There are four categories of factors that impact entrepreneurship. These include
economic development, culture, technological development and education. A
strong and consistent growth of entrepreneurs may be observed in areas having
these factors.
The economic factors affecting entrepreneurial growth are:
(i) Capital
(ii) Labour
(iii) Raw Materials
(iv) Market
Some of the important components of social environment are:
(i) Caste Factor
(ii) Family Background
Continue….
(iii) Education
(iv) Attitude of the Society
Some of the important components of Psychological Factor
(i) Need Achievement
(ii) Withdrawal of Status Respect
(iii) Motives
The Need of EDP
The objectives of an entrepreneurial development
programme (EDP) may be di vi ded into two
categories: short-term objectives, and long-term
objectives.
Short-term Objectives
Long-term Objectives
Phases of EDP
An entr epre neu rial develo pment pr og ramme c onsists of th ree broa d
phas es :
Selection of entrepreneurs for EDP
(A) Identifying Entrepreneurial traits :
Caste and family background
Age and Education
Size and type of family
Social participation
Achievement-Motivation
Risk telling willingness
Personal efficiency
(B) Identification of Enterprise
ENTREPRENEURSHIP IN INDIA
In India, entrepreneurship can prove as one stop solution for
addressing the major problems like unemployment and poverty.
Considering these benefits, various initiatives have been taken by
the government from time to time for entrepreneurship
development
Institutions in Aid of Entrepreneurship Development
1. National Institute for entrepreneurship and Small Business Development
(NIESBUD)
2. New Delhi Small Industries Service Institutes (SISI)
3. Small Industries Development Organisation (SIDO)
4. National Small Industries Corporation (NSIC)
5. Entrepreneurship Development Institute of India (EDII)
6. Ahmedabad National Alliance of Young Entrepreneurs (NAYE)
7. Management development institute (MDI)
8. Institute of Entrepreneurship Development
9. National Science & Technology Entrepreneurship Park (STEP)
10. Centre for Entrepreneurship Development(CED)
RECENT POLICY REFORMS FOR ENTREPRENEURSHIP
DEVELOPMENT IN INDIA
[Link] of Skill Development and Entrepreneurship
(MSDE)
[Link] Skill Development Agency (NSDA)
[Link] Skill Development Corporation (NSDC)
[Link] Skill Development Fund (NSDF)
[Link] Skill Councils (SSCs)
[Link] Policy on Skill Development and Entrepreneurship
2015
[Link] Skill Development Mission
[Link] Development Scheme
[Link] Mantri Kaushal Vikas Yojana (PMKVY)
[Link] in India
[Link]-Up India’ Initiative
[Link] Bank
[Link] Innovation Mission (AIM)
[Link] Employment and Talent Utilization (SETU)
Thank you
