Institutional support to small and medium enterprises
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INSTITUTIONAL SUPPORT TO SMALL AND MEDIUM ENTERPRISES
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Institutional support system is necessary at three stages enterprise development:
Inception or Promotion Day-to-day management Expansion and Diversification
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Three dimensions of institutional support system are:
Central Government State Government Non-government Support System
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CENTRAL GOVERNMENT INSTITUTES
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SMALL SCALE INDUSTRIES BOARD
Established in 1954 to provide effective coordination and inter-institutional linkages for the benefit of small scale sector.It consists of the following members:
Union Industry Minister State Industry Minister Selected members of Parliament Secretaries of department concerned
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Financial Institutions Selected Public Enterprises Industry Associations Eminent experts in the field
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NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT (NABARD)
Services offered by NABARD: Attracting youth to rural non-farm
sector. District Industries Rural Project (DRIP). Rural Entrepreneurship Development
Programme (REDP).
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SMALL INDUSTRIES DEVELOPMENT ORGANISATION (SIDO)
Constituted in 1954 to develop support services for promotion of SSS.Main objectives of SIDO are:
To formulate policy for promotion of SSI Provide coordination of policies of state
government To collect and disseminate information
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To provide wide range of extension services through allied institutions
To promote facilities for technology upgradation
To offer consultancy services
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Services Rendered by SIDO:
Entrepreneurship development and Management training.
Efforts for skill development. Preparation of feasibility reports for
different products. Provision of testing services. Availability of tool room facilities.
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NATIONAL SMALL INDUSTRIES CORPORATION (NSIC)
Set up by government of India in 1955.Main functions are:
Supply of machinery and equipment. Provision of financial assistance. Assistance for arrangement of raw materials. Establishment of technology transfer centers. Arrangement of marketing assistance. Priority in government purchase programme
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SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (SIDBI)
Subsidiary of IDBI, setup as an act of parliament.Provides assistance for:
Setting up of new SSI units, small hotels, hospitals and so on.
Technological upgradation and modernization, expansion and diversification.
Quality upgradation.
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Development of markets. Development of infrastructure. Discounting of bills of manufacturer-
seller in selling either equipments or components.
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STATE GOVERNMENT INSTITUTES
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STATE FINANCIAL CORPORATIONS (SFC)
Objectives: Provide term loans for the acquisition of
land, building, plant and machinery. Promotion of self-employment. Encourage women entrepreneurs. Expansion of industry. Provide seed capital assistance.
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STATE SMALL INDUSTRIES DEVELOPMENT CORPORATION (SSIDC)
Important functions performed are: Procurement and distribution of raw
materials. Supply of machine on hire-purchase
basis. Construction of industrial estates. Providing assistance for marketing of
products of SSI.
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TECHNICAL CONSULTANCY ORGANISATON
Services of TCOs include: Preparation of project profiles. Undertaking industrial potential surveys. Identification of potential entrepreneurs. Undertaking market research. Project supervision and rendering
technical and administrative assistance. Conducting EDPs.
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KHADI AND VILLAGE INDUSTRIES COMMISION (KVIC)
It is engaged in the development of khadi and village industries in rural areas.Main objectives of KVIC are:
Providing employment in rural areas. Skill improvement. Rural industrialization. Transfer of technology.
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NON-GOVERNMENT INSTITUTES
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INDIAN COUNCIL OF SMALL INDUSTRIES (ICSI)
It was established in 1979.Main functions are:
Information dissemination. Entrepreneurship development. Consultancy and managerial support. Training and research.
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LAGHU UDYOG BHARTI (LUB)
It was founded in 1995.It is responsible to undertake:
Entrepreneurial training. Technology upgradation. Marketing services.
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CONCLUSION
The most important development in the post-independence period has been the growth of a number of key institutions to promote, assist and develop entrepreneurs to initiate industrial growth in the country. The country has laid a strong foundation broad based its infrastructure and provided much needed support and assistance.
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REFERENCES
Entrepreneurship and Small Business Management
-M. B. SHUKLA The Dynamics of Entrepreneurship
Development and Management-VASANT DESAI
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THANK YOU