Entrepreneurship Development :

1. 2. 3.

Movement stated from 1980 onwards in India with the government policies aimed at development of First Generation Entrepreneurs. A separate wing in IDBI was set up to provide Financial Assistance for ED and ET. National Level Institutes to organise a series of Training Programmes at various parts of Country established : NIESBUD; EDI; NISIET; SISI; NSIC; TCOs, etc. The main components of Training Programme : Entrepreneurial Motivation Training (EMT) Opportunity Guidance Enterprise Launching Formalities

4. -

Enterprise Management An special Apex Institution was also set up in 1980 SIDBI to finance, support, promote small entrepreneurs. entrepreneurs. Efforts directed to transform the economy from job minded mental set up to entrepreneurial culture. culture. Setting up of DIC, under the Directorate of Industries with its wide network at the District and taluk levels helped in promoting Entrepreneurship. Entrepreneurship. The Concept of Entrepreneurship Development Originated in Gujarat with the efforts made by GIIC (Gujarat Industrial Investment Corporation) in 1970 by launch of Two Innovative Schemes NES New Entrepreneurs Scheme TS - Technicians Scheme. Scheme. Loans upto 100 % of the Project Cost were given under these schemes. schemes. Ultimately it resulted in establishment of Centre for Entrepreneurship Development (CED) in 1979. 1979.

EDP : is a systematic, methodical effort to identify, pain, motivate, equip and develop First Generation Entrepreneurs. Entrepreneurs. The Goal of EDP is to create entrepreneurial Culture in Indian Society. Society. Objectives : Discussed at Macro and Micro Levels. Levels. Macro Level Objectives of EDP : 1. To develop entrepreneurial culture in the non-conventional nongroups. groups. 2. To Accelerate the process of Industrial and economic development by Increasing the Number of Entrepreneurs. Entrepreneurs. 3. To Increase the National Income 4. To Reduce Income Inequalities 5. To Decentralise the Economic Power 6. To utilise the untapped, Productive Resources, Natural Resources and Raw Materials. Materials.

To Generate Employment opportunities through Labour Incentive SSI 8. To attract Entrepreneurial Talent to the Backward and Rural Areas 9. To build a force of well Trained Entrepreneurs 10. To Transform the Indian Economy into an Industrial Economy.
7.

Micro Level Objectives :

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3. 4. 5. 6. 7.

To motivate the participants to choose Entrepreneurial Careers. Careers. To Guide them to Scan Business opportunities and select a product. product. To equip them with Entrepreneurial inputs in product selection, Enterprise Launching and Enterprise Management Techniques. . To inform them about Govt. Schemes, Incentives, Facilities and Govt. the Support Institutions. Institutions. To Facilitate them in the Preparation of a Project Report. Report. To enlighten them regarding advantages as well as pitfalls in the Entrepreneurial Carriers. Carriers. To help them in Enterprise Launching. Launching.

Types of EDP :
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Entrepreneurship Awareness Training Programme Entrepreneurship Development Training ProgrammeGeneral. Product Oriented EDP. Target-Group Oriented EDP. For Women For Technocrats For Ex-Serviceman For Students, etc.

Stages of EDP :
EDP is divided into 3 stages : 1. EDI I Model Pre Training : Identification, Selection and Initial Motivation of Potential Entrepreneurs. 2. Training EDP II Model 3. Post Training EDP III Model : Followup, Support, given to the Potential Entrepreneurs.
I. 1. 2. 3.

Pre Training Stage : Activities Involved : Selection of an EDP Center/venue. Pre Training Promotional and Publicity Work Identification and Selection of Talent.

- Application Form Assessment - Behaviourial Tests (Achievement Motivation to be Tested) 4. EDP Designing : a. Objectives of EDP at Micro Level b. EDP Modules/ Inputs c. Batch Size d. Duration and Date of Commencement e. Language of Instruction f. Time Table g. Methodology : - Class Room Lectures - Demonstration - Questionnaire

- Presentation by Participants - Games - Field Visit - Audio Visuals - Group Discussions - Interaction with Entrepreneurs - Interaction with Institutions - Project Work h. Fees to be charged from Participants i. Faculty Members j. Course Material k. Feedback and Follow up programme l. Inauguration and Valedictory Functions m. Certificates of EDP n. Budget

II.

1.
2. 3. 4. 5. 6.

Training Stage : The main modules of EDI based on critical points are : Entrepreneurial Motivation and Behavioural competencies Business Opportunity Guidance and Product Selection Information about Govt. Organisations which provide a Support System to Entrepreneurs Enterprise Launching formalities like Nocs , Registration Licenses, Selection of Location, etc Preliminary Project Report Preparation Enterprise Management Skills Development - Labour Laws - Production Management - Taxation - Marketing Management - Financing Management - HR Management

III.

Post Training : - Follow up meetings at Regular Intervals - Problem Solving with Trainer Motivation - Various helps in Seeking Finance Registration Noc s etc