Govt Support to Entrep

7/29/2019 Govt Support to Entrep

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Presented by:Robin Aggarwal

Ruchi Wadhwa

Rupinder Kaur

Satnam Singh

Shalini Prabha Chandra


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DEFINITIONOFENTREPRENEUR

The term entrepreneur is a loanword from French, and iscommonly used to describe an individual who organizesand operates a business or businesses, taking on financialrisk to do so.

The term was first defined by the Irish-French economistRichard Cantillon as the person who pays a certain pricefor a product to resell it at an uncertain price, thereby

making decisions about obtaining and using the resourceswhile consequently admitting the risk of enterprise
http://en.wikipedia.org/wiki/Loanwordhttp://en.wikipedia.org/wiki/French_languagehttp://en.wikipedia.org/wiki/Economisthttp://en.wikipedia.org/wiki/Richard_Cantillonhttp://en.wikipedia.org/wiki/Richard_Cantillonhttp://en.wikipedia.org/wiki/Richard_Cantillonhttp://en.wikipedia.org/wiki/Economisthttp://en.wikipedia.org/wiki/French_languagehttp://en.wikipedia.org/wiki/Loanword


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IN INDIA

Institutes of national importance that have been setup

through an act of parliament (IITs, IIMs, NITs, AIIMS,

IISc etc.) are the main leaders in the field of knowledge

transfer.

Examples: Organizing Competitions like Great Idea, helping and

incubating ideas.

IIT Kharagpur: Nina Saxena Excellence in Technical award

(Yearly).


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INDIA-

TOP INCUBATION CENTER

Centre for Innovation, Incubation & Entrepreneurship (CIIE) -IIM Ahmedabad Set up in 2001

Since inception CIIE has 15-odd innovations grow out of theincubation centre in varied technologies

Society for Innovation and Entrepreneurship (SINE)- IIT Bombay Set up in 2004

It currently has 16 companies under its incubation programme


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Cell for Tech Innovation, Development & entrepreneurshipsupport- IIT Chennai

Set up in 2000 Organises national level competitions, Breakthrough (general business

plan competition) and Genesis (social entrepreneurship plancompetition)

Society for Innovation and Development (SID) - IISc, Bangalore Set up in 2006

The investigator is given a seed capital for Rs 20 lac a year for two yearsas soft loan for the approved plan

The SP Jain Centre for Entrepreneurship Development- SPJIMR 16-week 'Start Your Own Business' programme-a public programme

held every six months.


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Technology Business Incubator (TBI) - BITS Pilani

In association with DST, BITS has established Technology BusinessIncubator in the area of embedded systems and VLSI design back in2004

So far, TBI has helped spawn ten companies.

Technology Incubation and Entrepreneurial Training Society(TIETS)IIT Kharagpur Set up in 2005, So far, the institute has been able to incubate two

companies through Concipio over the last three years. Besides, an inhouse panel has helped 11-12 ventures take wing

Nirma Labs, Nirma University, Ahmedabad Established in 2004, Nirma Labs used to pride itself in a three-step

model for students who were interested to start their own businesses-training, incubation and funding.


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INDIA-

INDUSTRY-ACADEMIA INTERFACE

BioconLtd and Indian School of Business (ISB) havelaunched a cell for innovation management.

Hewlett-Packard (HP) India announced the winners ofthe of HP innovate contest. The award has been

instituted to recognise and reward outstanding creative

ideas of young engineering graduates in India


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Month long Igniting Minds and Ideas-IEEE certificationprogramme by Delhi based ISO certified strategy consulting

firm Total Solutions Incorporation (TSI) and Total Resource

Academy of India (TRAIN) a knowledge management ,

training and development organisation held for students of

Delhi Public School (DPS)


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The National Geographic Channel recently announceda Nationwide contest shaping the future with thecollaboration of the Foundation for Information &Technology Transfer at IIT-Delhi; Society for Innovation& Entrepreneur at IIT-B, Nedathur S Raghvan Centre forentrepreneurial Learning (NSR-CEL) at IIM-B and theTechnopreneur Promotion Programme at theDepartment of Scientific and Industrial Research DSIR


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GOVERNMENTAND NON GOVERNMENT

SUPPORT

Delhi Technical University announced the setting up of watertechnology and management centre with the support of

UNESCO.

The Entrepreneurship Development Cell (EDC) of UniversitySchool of management Studies, Guru Gobind Singh

Indraprastha University (GGSIPU) has launched a one month

business skill development programme in association with the

Ministry of Micro, Small and Medium Enterprises.

Representatives from KVIC, NABARD will share their

knowledge.


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NASSCOM has signed a Memorandum ofUnderstanding (MoU) with University GrantsCommission (UGC), for

Faculty Development Programme (FDP)

Re-skilling the faculty in IT Framework for co-operation to catalyze industry-

academia interface


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NEN was launched in 2003 through an India-

wide selection process to select the Founding

Partner Institutions to anchor this network. The

five NEN Partners are: Birla Institute of Technology and Science- Pilani

Indian Institute of Technology- Bombay Indian Institute of Management- Ahmedabad

Institute of Bioinformatics and Applied Biotechnology-

Bangalore

S P Jain Institute of Management and Research- MumbaiGoal: To launch 2,500 entrepreneurs who will create a minimum of

500,000 jobs by 2014.


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SUBSIDY SCHEMESPROVIDEDBY INDIAN

GOVERNMENTTO ENTREPRENEURS

FOR SPECIFIC INDUSTRIES:


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TEXTILE INDUSTRY - TECHNOLOGY

UPGRADATION FUND SCHEME (TUFS):-

Introduced in April 1999

to facilitate induction of state-of-the-art technology by the textileunits.

The benefits under the scheme include- 5% interest reimbursement of the normal interest charged by the

lending agency on RTL, or

5% exchange fluctuation (interest & repayment) from the base rate onFCL, or

15% credit linked capital subsidy for SSI sector, or

20% credit linked capital subsidy for power-loom sector (An optionfor front ended subsidy provided w.e.f. 1st October, 2005), or

5% interest reimbursement plus 10% capital subsidy for specifiedprocessing machinery.


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SCHEMEFOR TECHNOLOGY UPGRADATION/

ESTABLISHMENT/ MODERNIZATIONFOR FOOD

PROCESSING INDUSTRIES

Covers the following activities: Setting up/expansion/modernization of food processing

industries covering all segments viz fruits & vegetable, milk

product, poultry, oil seeds and such other agri-horticulturalsectors

Providing assistance in the form of grant subject to 25% of theplant & machinery and technical civil work subject to a

maximum of Rs. 50 lac in General Areas and 33.33% up to Rs.75 lac in difficult Areas.


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LEATHER INDUSTRY INTEGRATED

DEVELOPMENTOF LEATHER SECTOR (IDLS)

Aimed at enabling existing tanneries, footwear,footwear components and leather products units toupgrade leading to productivity gains, right-sizing ofcapacity, cost cutting, design and development

simultaneously encouraging entrepreneurs to diversifyand set up new units


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COIRINDUSTRY

Subsidy schemes include: Rejuvenation, Modernization and Technology

Upgradation of the Coir Industry

Extension of Financial Assistance to Coir units in theBrown Fibre sector

Scheme for Extension of Financial Assistance forGenerator Set / Diesel Engine


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KERALA BUREAU OF INDUSTRIAL

PROMOTION

Constituted under the Industries Department during theyear 1991

Envisaged for promoting the potential businessopportunities of the State to the foresightedentrepreneurs and to highlight the ideal businessclimate prevailing in Kerala.


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BUREAU

To collect, process and disseminate information/data oninvestments opportunities in industry, commerce, tradeand other related areas.

To help entrepreneurs plan projects in terms of

Choice of product, technology, plant and machinery andlocation.

Preparation of Project Profiles, Market Survey Reports andProject Reports.

To establish, maintain or manage offices, bureaus,counters, conference halls.


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Technopark TBI, Keralait is a joint association of Technopark, Trivandrum and the

Department of Science and Technology (DST), Governmentof India

Following facilities are provided to the entrepreneurs. Office modules to establish laboratories and business

offices

Common Equipments and Tools

Assistance by Technical Experts & Mentors

Assistance in training technical personnel

Assistance in finding Seed/Venture capital


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GUJRAT:

PROGRAMMES/ INITIATIVESTAKENBY

GOVERNMENT


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Centre for Innovation Incubation and Entrepreneurship(CIIE), Ahmedabad

Established to promote innovation and entrepreneurship inIndia. Experience and expertise at IIMA in the areas ofmanagement, innovation, technology networks along withentrepreneurship provide the necessary impetus andintellectual basis for this initiative.

Widow training Scheme in Gujrat For widows in the age group of 18-40 years, the state

government has been providing various kinds of trainingenabling them to independently earn their livelihood. Theyare offered courses in animal husbandry, tailoring,computer training, etc.


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UTTAR PRADESH

SIDBI Innovation & Incubation Centre, IIT Kanpur IIT Kanpur set up SIDBI Innovation and Incubation Centre

(SIIC) in collaboration with Small Industries DevelopmentBank of India (SIDBI) in 2000.

Malviya Centre for Innovation Incubation &Entrepreneurship, Varanasi for promoting TBSE on one hand and also for promoting

technological awareness among the existing Small andMedium Enterprises (SMEs) on the other hand.


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TAMILNADUTamilnadu to Offer New Entrepreneur and EnterpriseDevelopment Scheme for Aspiring Youngsters:

The State has highest number of MSMEs in India.

Will equip all District Industries Centres in the 32 districtswith better infrastructure at a cost of 50 crore.

The government has also decided to train nearly 1,000entrepreneurs under a new scheme.

The government will set up business incubation centres andtraining academies for small and medium industries atElcot-promoted special economic zones in Chennai, Trichy,Coimbatore, Madurai, Tirunelveli, Salem and Hosur.

S T B G T S


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Mahila Vikas Nidhi:It grants loan to women tostart their venture in thefield like spinning,weaving, knitting,embroidery products, blockprinting, handloomshandicrafts, bambooproducts etc.

Rashtriya Mahila Kosh:In 1993, Rashtriya MahilaKosh was set up to grantmicro credit to porewomen at reasonable ratesof interest with very lowtransaction costs andsimple procedures.

STEP TAKEN BY GOVT. TO SUPPORT

WOMEN ENTREPRENEUR


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SCHEMES

1. Small Industries Development Organization (SIDO)Its major activities include:

Advising the Government on formulation of policies andprogrammes for the small-scale industries.

Conducting periodical census/survey of the small scaleindustry and generating data/reports on variousimportant parameters/indicators of growth anddevelopment of the sector.

Facilitating linkage of small-scale industries as ancillaries

to large and medium scale industries. Developing human resource base through training and

skill upgradation.


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2. National small industries corporation ltd. (NSIC) Assists small enterprises through a set of specially

tailored schemes which facilitate marketing support,credit support, technology support and other supportservices.


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CONCLUSIONS

Universities must act as the center of research and knowledgedevelopment.

Universities have to accept greater responsibilities and

challenges. Able mentors.

Creating synergy with greater industry- academia interface.

Building entrepreneurial culture in the education system right

from secondary to higher education. Infrastructural support.

Govt Support to Entrep

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