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ENTREPRENEURIAL
DEVELOPMENT
Q5
CHAPTER - IV
ENTREPRENEURIAL DEVELOPMENT
Synopsis
4.2 Need of ED
4.3 Factors
4.4.1 Objective/Need
CHAPTER - IV
ENTREPRENEURIAL DEVELOPMENT
institutions. This will ultimately help them in facing the risks and
Development).
are born but not totally. Those who have decided to become
these and to bear risk and to remain creative and innovative, etc.
4.2 NEED OF ED
youth.
society.
country.
4.3 FACTORS
development of entrepreneurship.
enterprise.
man orders, and he will do the task reasonably well. But let
him set his own targets, give him freedom and authority and
: 101 :
entrepreneurs.
and women;
The trainers have to judge how much, and how far the trainees
house care teams can also be formed from the group of trainers or
experts where resource persons from industry and trade are not
locally available.
o trouble shooting.
(B) Training
,S +
REJECTED CLOSED
essential components:
entrepreneurs
entrepreneur.
are as follows:
: 109 :
o Age
o Education
o Working hand
o Social participation
entrepreneurial success:-
o Achievement motivation
o Influence motivation
o Personal efficacy
o Aspirations
o Personal behaviour
(B) Training:-
The various training, inputs that are required to facilitate and speed
obtain the help and support from many agencies. These are the
systems are involved in the EDP right from the selection, all
throughout.
(D) Production:-
into play. Once the production starts the entrepreneur has to initiate
channel. Thus, production and marketing are the most crucial for
IFCI STDO
IDBi TCO
ICICI NSIC
IRBI SIC
SFC SIDCO
SIDCs SISIs
NABARD EDI
SCICI CED
TDICI DIE
LIC CMTI
GIC NRDE
UTI TDA
DICG EPC
ECGC GIDC
Figure 4.2
: 114 :
MOTIVATING INSTITUTIONS
IFCi
DISTRICT LEVEL
STATE LEVEL
Figure : 4.3
State Small Industries
Board
I commissioner Board of
Industries
Export promotion
council
Motivating
Institutions
Figure 4 .4
o>
: 117 :
o Guarantees
o Acting as an agent
o Soft loans
o Equipment financing
Schemes of Motivation
* Consultancy Schemes:-
o Scheme of subsidy to small entrepreneurs in the rural, cottage,
tiny and small sectors for meeting cost of Feasibility studies, etc.
industries.
small-scale units.
; 118 :
measures.
indigenous technology.
February 1976. The IDBI has been assigned the role of principal
development of industry.
: 120 :
(v) To act as lender of last resort and to finance projects that are
IDBI's Scheme
sector:-
Direct Assistance
Indirect Assistance
industries
: 121 :
institutions.
o Fund-based products
o Fee-based services
Fund-based products
instruments
: 122 :
o Guarantees
o Venture capital
o Equipment leasing
o Bills finance
Fee-based services
Merchant Banking
and mergers.
Forex services
Debenture Trusteeship
Function's of NSIC
serviceman.
Marketing
Assistance
Technology
software park
Hire
purchase
Raw Material
Assistance
Figure 4.6
K)
0>
: 127 :
o Educational institutions
: 129
o Industry organizations
o Government Organizations.
o Government
o Officers / Executives
o Bankers
o Trainers
o Teachers
o Students
o Rural poor
o Women
o Existing entrepreneurs
o Potential entrepreneurs
o Technocrats
o Ex-serviceman
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o Entrepreneurship in education
programmes
o Innovation centre :
business.
: 131 :
entrepreneurship development
were set up in the early seventies / eighties. The TCOs have been
services covering all stages in the project cycle. TCOs also provide
Activities of TCOs
in project implementation.
rehabilitation schemes.
and entrepreneurship.
programme.
: 133 :
Figure 4.7
: 134 :
by NSIC
by NSIC
Assistance Programme
services
Types of Incentives
Figure 4.8
: 139 :