Report of EDP Programme

Inauguration

The inaugural function of the 1st EAC Programme, was jointly organized by
theAshokrao Mane Polytechnic, Vathar and the Maharashtra Centre for Entrepreneurship
Development (MCED) Kolhapur at AMP Vathar from 3rd Jan 2017 to 5th Jan 2017. Mrs.
VanitaPatil, Her Excellency, Project Manager MCED Kolhapur inaugurated the celebrations.
Dr. D. N. Mudgal,Exicutive Director was the Guest of Honour .Prof. A. A. Vagyani,Principal
AMPVathar presented over the function. On this occasion Her Excellency, Project Manager
MCED Kolhapur, lightened the lamp &given the Introduction about the MCED.
PROGRAMME OBJECTIVES

After going through this programme, you will be able to:

 Explain the meaning of Entrepreneurship Development Programme

 Discuss the importance of Entrepreneurship Development Programme

 Explain the course contents and curriculum of Entrepreneurship Development
Programmes.
 Describe the role of Entrepreneurship Development Programme
 Identify the various institutions providing Entrepreneurship Development Programmes
in India

INTRODUCTION

In recent years, entrepreneur and Entrepreneurship Development Programme (EDP) has

become a serious matter of discussion .In programme, we have discussed about meaning of
entrepreneur, characteristics of entrepreneur, role of entrepreneur in economic growth etc. In this
unit, we will discuss about Entrepreneurship Development Programme which is primarily meant
for developing those first generation entrepreneurs who on their own account cannot become
successful entrepreneurs. In this unit, we will discuss about meaning and importance of EDP,
course contents and curriculum of EDPs.There are several organisations engaged in conducting
EDPs in India. In the last portion of the unit, we will cover the institutions providing EDPs.

ENTREPRENEURSHIP DEVELOPMENT PROGRAMME - Meaning and Importance

Meaning
Entrepreneurial Development Programme means a programme conducted to help a person in
strengthening his entrepreneurial motive and in acquiring skill and capabilities required for
promoting and running an enterprise efficiently. A programme which is conducted with a motive
to promote potential entrepreneurs, understanding of motives, motivational pattern, their impact
on behaviour and entrepreneurial value is termed as entrepreneurial development programme.
There are a number of programmes which give information to the prospective entrepreneurs
regarding new business idea, how to set up a new venture, how to prepare a project report,
sources of finance etc. These programmes should not be confused with EDP; these are all a part
of EDP. EDP is primarily concerned with developing, motivating entrepreneurial talent and
understanding the impact of motivation on behaviour.

A well designed EDP envisages three tiered approach:

1. Developing achievement motivation and sharpening entrepreneurial traits and behaviour.
2. Guidance on industrial opportunities, incentives, facilities and rules and regulations.
3.Developing managerial and operational capabilities.
Importance
Entrepreneurs are considered as agents of economic growth. They create wealth, generate
employment, provide new goods and services and raise the standard of living. EDP is an
effective way to develop entrepreneurs which can help in accelerating the pace of socio-
economic development, balanced regional growth, and exploitation of locally available
resources. It can also create gainful self-employment. An EDP equips entrepreneurs and makes
them competent to anticipate and deal with a variety of problems that any entrepreneur may have
to face. It gives confidence to the entrepreneur to face uncertainties and take profitable risks. It
prepares them to deserve and make good use of various forms of assistance.
EDP can be beneficial in the following ways:

 Economic Growth: EDP is a tool of industrialisation and path to economic growth

through entrepreneurship.
 Balanced Regional Development: EDP helps in dispersal of economic activities in
different regions by providing training and other support to local people.
 Eliminates Poverty and Unemployment : EDPs provide opportunities for self-
employment and entrepreneurial careers.
 Optimum use of Local Resources : The optimum use of natural, financial and human
resources can be made in a country by training and educating the entrepreneurs.
 Successful Launching of New Unit : EDP develops motivation, competence and
skills necessary for successful launching, management and growth of the enterprise.
 Empowers New Generation Entrepreneurs : EDP, by inculcating entrepreneurial
capabilities and skill in the trainees, create new generation entrepreneur who hitherto
was not an entrepreneur

Area of Entrepreneurship Development

MCED has been a pioneer in espousing social and economic entrepreneurship since
1988.It is atraining institute in the core area of entrepreneurship development. It works as a
facilitator and guide for the creation and cultivation of the entrepreneurial spirit and the concept
of ‘self-employment’ in a nation that is largely driven by third party employment.

At MCED, there is always the hummable buzz of people discussing, brainstorming,

making plans and revamping shelved ideas. The thrum of work and the exciting buzz of activity
is an indelible part of the work culture. MCED is also an incredibly technology savvy
organization which, not surprisingly, is amongst the few offices to enforce the paperless office
concept. This relaxed and fertile office environment has been nurtured by the lack of a formal
overseer as is the case in other organizations. The Governing Council is the policy making
authority of this premier organization and Executive Committee is looking after day-to-day
administration of the Centre.
 Schedule

Date Day Time Subject Faculty

Dr. D. N.
Mudgal Exe.
Director
Principal of
Ashokrao Mane
10.00 to 10.30 Inauguration Function-camp Objective Polytechnic.

VanitaPatil
Project Officer,
MCED
Kolhapur
3/1/2017 1st Why Entrepreneurship
10.30 to 11.45
(Questionaries’ for how to be a Entrepreneur )
Qualities of Entrepreneurs
11.45 to 01.00
(Based on case studies)
01.00 to 01.30 LUNCH BREAK Ashok Pattar

Process of starting Micro, Small, Medium,

01.30 to 02.45
Enterprises
Identification of business Opportunities
02.45 to 04.00
(Based on case studies)

10.00 to 11.30 How to start a SSI unit

11.30 to 12.45 Marketing Management & Market Survey

12.45 to 01.15 LUNCH BREAK

Prashant More
4/1/2017 2nd
Financial aspects of SSI unit including salient
01.15 to 02.45
features of a Preliminary project report.
Schemes of assistance and support available
from Govt. agencies, banks, financial
02.45 to 04.00
institutions, SFCs,
Subsidies, Tax benefits, Rebate on interest.
10.00 to 12.45 Startup India, Skill India, Digital India.
Sanjay Patil
12.45 to 01.15 LUNCH BREAK
Communication skill for better result in
01.15 to 02.30
5/1/2017 3 rd business
Experience sharing by existing entrepreneur Vanita I Patil
02.30 to 03.30
(Based on case studies) Project Officer,
MCED,
Dhanashri Mali
03.30 to 04.00 Feedback & discussion on the camp. Coordinator
MCED
1st Day (3rd Jan. 2017)

Resource Person – Prof.Ashok Pattar

Objectives of Session:-

 Why Entrepreneurship(Questionaries’ for how to be a Entrepreneur )

 Qualities of Entrepreneurs(Based on case studies)
 Process of starting Micro, Small, Medium, Enterprises
 Identification of business Opportunities (Based on case studies)

Entrepreneurs can change the way we live and work. If successful, their revolutions may
improve our standard of living. In short, in addition to creating wealth from their entrepreneurial
ventures, they also create jobs and the conditions for a flourishing society.

He said, a decade ago, I helped found a business dedicated to helping entrepreneurs bring
their business ideas to fruition. I've mentored and coached hundreds of entrepreneurs since.
Many of my students have licensed their ideas to powerful companies or brought them
to market themselves through venturing. I've often wondered what differentiates successful
entrepreneurs from their peers. Are there certain qualities they share? I think so. But I also think
it's important to acknowledge that timing, luck and simply being in the right place at the right
time play a part in many success stories.
2nd Day (4th Jan. 2017)

Resource Person –Mr. Prashant More

Objectives of Session:-

 How to start a SSI unit

 Marketing Management & Market Survey
 Financial aspects of SSI unit including salient features of a Preliminary project report.
 Schemes of assistance and support available from Govt. agencies, banks, financial
institutions, SFC Subsidies, Tax benefits, Rebate on interest

Small Scale Industries are those industrial undertakings having a fixed investment in
plant and machinery, whether held on an ownership basis or a lease basis or a hire purchase basis
and not exceeding Rs.1 crore. It has a larger contribution to the growth of an economy. However,
this investment money is varied by the Government from time to time

A small scale unit is normally a one-man show and even in the case of a partnership the
activities are mainly carried out by the active partner and the rest are sleeping partners. The area
of operation of small units is localized, catering to the local or regional demand. Small industries
are fairly intensive with comparatively smaller capital investment than the larger units.
Therefore, these units are more suited for economics where capital is scarce, and there is an
abundant supply of labor. The Ministry of Small Scale Industries has now merged with the
Ministry of Agro and Rural Industries to form the Ministry of Micro, Small, and Medium
Enterprises (MSME).
3rd Day (5th Jan. 2017)

Resource Person –Mr.Sanjay Patil

Objectives of Session:-

 Startup India, Skill India, Digital India.

 Communication skill for better result in business
 Experience sharing by existing entrepreneur (Based on case studies)
 Feedback & discussion on the camp.

Startup means an entity, incorporated or registered in India :

 Not prior to five years,
 With annual turnover not exceeding INR 25 crore in any preceding financial year, and
 Working towards innovation, development, deployment or commercialization of new
products, processes or services driven by technology or intellectual property
Provided that such entity is not formed by splitting up, or reconstruction, of a business already in
existence. Provided also that an entity shall cease to be a Startup if its turnover for the previous
financial years has exceeded INR 25 crore or it has completed 5 years from the date of
incorporation/ registration. Provided further that a Startup shall be eligible for tax benefits only
after it has obtained certification from the Inter-Ministerial Board, setup for such purpose.
It has been felt that a lot more thrust is required to ensure e-Governance in the country
promote inclusive growth that covers electronic services, products, devices and job opportunities.
Moreover, electronic manufacturing in the country needs to be strengthened.
In order to transform the entire ecosystem of public services through the use of information
technology, the Government of India has launched the Digital Indiaprogramme with the vision
to transform India into a digitally empowered society and knowledge economy.
Vote of Thanks

Finally, the vote of thanks is done by Prof. P. T. Hasabe(HOD Automobile Engg)& he

told, he would like to take this opportunity to place on record our hearty thanks to MCED &
AMP Vathar for the perfect logistic support and guidance she/he has extended to all of us at
EAC Program.

Special thanks to Mr. S. A. Patil (lecturer in Automobile Engg.)for planning &

controlling the EAC progam.