Department Of Computer Engineering

Puranmal Lahoti Government Polytechnic, Latur

(Institute of technology in Latur, Maharashtra)

Year :2023-24

Course Title: Entrepreneurship Development

Course code: 22032

Micro project Title: GOVERNMENT SCHEME
FOR BUSINESS STARTUP
Roll
Sr.No. Name of Group members Enrollment no. no.
1 Surwase Akhil Dnyaneshwar 2100160196 56

2 Kamble Vaibhav Suresh 2200160031 58

3 Kshirsagar Pruthviraj Dattatray 2200160032 59

4 Dhole Rameshwar Chandrashekhar 2100160151 60

Under the guidance of

Prof. S.V.Chavan
Prof. A.B. Suryawanshi
 Maharashtra State
Board of Technical Education
Certificate
This is to certify that the project report entitled GOVERNMENT
SCHEME FOR BUSINESS STARTUP is successfully completed by the
Third Year-Sixth semester students of the Diploma in Computer
Engineering Of the Institute
Roll
Sr.No. Name of Group members Enrollment no. no.

1 Surwase Akhil Dnyaneshwar 2100160196 56

2 Kamble Vaibhav Suresh 2200160031 58

3 Kshirsagar Pruthviraj Dattatray 2200160032 59

4 Dhole Rameshwar Chandrashekhar 2100160151 60

Puranmal Lahoti Government Polytechnic Latur (Code…0016….)

has completed the term work satisfactorily in the course
Entrepreneurship Development for the Academic Year 2023.to 2024
as prescribed in the curriculum.

Subject Teacher. Head of Department. Principle

Prof. A.B. Suryawanshi Prof. S.V.Chavan Prof. V.V.Nitnawre
 Part – A Micro Project

TITLE: GOVERNMENT SCHEME FOR BUSINESS

STARTUP

1.0. AIM/benefits of micro project

• Facilitate the establishment and growth of small-scale businesses.
• Foster entrepreneurship and innovation at the grassroots level.
• Generate employment opportunities, especially in rural and semi-urban
areas.
• Empower marginalized communities and individuals by providing them
with resources and support to start their ventures.
• Stimulate economic development by diversifying the business landscape
and promoting local production and consumption.
• Enhance financial inclusion by extending access to capital and financial
services to underserved entrepreneurs.

2.0 Course Outcomes Addressed

• Understanding the fundamentals of entrepreneurship and business
management.
• Analyzing government policies and schemes aimed at promoting economic
development.
• Assessing the impact of micro-enterprises on local economies and
communities.
• Developing skills in project management, financial planning, and market
research.
• Evaluating the effectiveness of support programs in fostering
entrepreneurship and innovation.
3.0. Proposed Methodology:
• Conduct a comprehensive review of the Government Scheme for Business
Startup in India, focusing specifically on its provisions for micro projects.
• Analyze relevant literature, including academic research, government
reports, and case studies, to understand the context and effectiveness of
similar initiatives.
• Identify the actual procedure followed by entrepreneurs to avail benefits
under the scheme, including application processes, eligibility criteria, and
documentation requirements.
• Collect data on the outputs of micro-projects supported by the scheme, such
as the number of startups established, employment generated, and revenue
generated.
• Evaluate the skills developed and learning outcomes achieved by
participants in the micro-projects, including entrepreneurial skills, business
management competencies, and market awareness.

4. Group members

Roll
Sr.No. Name of Group members Enrollment no. no.

1 Surwase Akhil Dnyaneshwar 2100160196 56

2 Kamble Vaibhav Suresh 2200160031 58

3 Kshirsagar Pruthviraj Dattatray 2200160032 59

4 Dhole Rameshwar Chandrashekhar 2100160151 60

5.0 . Action Plan :

Activity Name of
Details of activity Activity start complete Responsible
Date date member

Project Initiation 25-8-23 30-8-23 Surwase Akhil

Information Collection 31-8-23 10-9-23 Kamble Vaibhav

Implementation 10-9-23 1-10-23 Kshirsagar Prithviraj

Dhole
Report 1-10-23 20-10-23 Rameshwar

6.0 Resources Required:

Sr.no Name of Resources Specification Qty

1 Internet Google 1

2 Reference books Techknowledge 1

 Part – B Micro-Project Report
TITLE : GOVERNMENT SCHEME FOR BUSINESS
STARTUP

1.0 Rationale :
• The rationale behind this micro project is to critically assess the
Government Scheme for Business Startup in India, particularly its
impact on micro enterprises. By examining the scheme's objectives,
methodology, and outcomes, we aim to provide insights into its
effectiveness in promoting entrepreneurship and fostering economic
development at the grassroots level. This analysis is crucial for
policymakers, stakeholders, and aspiring entrepreneurs to understand
the strengths and weaknesses of the scheme and identify areas for
improvement.

2.0 Aims /benefit of the Micro-Project :

• Facilitate the establishment and growth of small-scale businesses.
• Foster entrepreneurship and innovation at the grassroots level.
• Generate employment opportunities, especially in rural and semi-
urban areas.
• Empower marginalized communities and individuals by providing
them with resources and support to start their ventures.
• Stimulate economic development by diversifying the business
landscape and promoting local production and consumption.
• Enhance financial inclusion by extending access to capital and
financial services to underserved entrepreneurs.
3.0 Course Outcomes Addressed :
• Understanding the fundamentals of entrepreneurship and business
management.
 • Analyzing government policies and schemes aimed at promoting
economic development.
• Assessing the impact of micro-enterprises on local economies and
communities.
• Developing skills in project management, financial planning, and market
research.
• Evaluating the effectiveness of support programs in fostering
entrepreneurship and innovation.

4.0 Literature Review :

• Previous studies have highlighted the importance of government support

schemes in promoting entrepreneurship and small business development.
Research suggests that targeted interventions, such as financial assistance,
mentorship programs, and skill development initiatives, can significantly
enhance the success rate of startups, particularly in underserved regions.
However, challenges such as bureaucratic hurdles, limited access to capital,
and lack of market linkages have been identified as barriers to the effective
implementation of such schemes. Case studies from other countries, such as
the United States, United Kingdom, and China, offer valuable lessons on
designing and implementing support programs for micro enterprises.

5.0. Actual procedure followed :

• Eligibility Check: Entrepreneurs must meet the eligibility criteria specified by
the scheme, which may include factors such as age, education, and business
location.
• Application Submission: Applicants are required to submit a detailed
business plan along with the necessary documents to the designated
authorities.
• Evaluation and Approval: The submitted applications are reviewed by a
screening committee or government officials to assess their viability and
alignment with the scheme's objectives.
• Disbursement of Benefits: Once approved, entrepreneurs receive financial
assistance, training, and other support services as per the scheme's guidelines.
6.0 Actual Resources Used :

Sr.no Name of Resources Specification Qty

1 Internet Google, Chrome 1

2 Reference Books TechKnowledge 1

7.0 Outputs of the Micro-Projects :

• Establishment of new startups across various sectors, including
agriculture, manufacturing, services, and technology.
• Creation of employment opportunities, particularly for women, youth,
and marginalized communities.
• Generation of income and wealth at the grassroots level, contributing
to poverty alleviation and economic empowerment.
• Promotion of innovation and creativity through the introduction of
new products, services, and business models.
• Strengthening of local supply chains and value networks, thereby
enhancing economic resilience and sustainability.
8.0 Skill Developed / Learning Outcome of this Micro-Project
Entrepreneurial Skills: Planning, decision-making, risk management, and
opportunity recognition.

Business Management: Financial management, marketing, operations, and human

resource management.

Technical Skills: Product development, technology adoption, and process

optimization.

Soft Skills: Communication, negotiation, leadership, and teamwork.

Market Awareness: Understanding customer needs, competitor analysis, and market

trends.

Confidence and Resilience: Overcoming challenges, adapting to change, and

persisting in the face of setbacks.
9.0 Group Member

Roll
Sr.No. Name of Group members Enrollment no. no.

1 Surwase Akhil Dnyaneshwar 2100160196 56

2 Kamble Vaibhav Suresh 2200160031 58

3 Kshirsagar Pruthviraj Dattatray 2200160032 59

4 Dhole Rameshwar Chandrashekhar 2100160151 60