Question

Explain the role of government institutions on promoting entrepreneurial activities in india

Answer 1

The government plays an
important role in the development of entrepreneurship. The central and state
governments have set up a number of institutions to promote entrepreneurship.
They are:

i. Small Industries
Development Organization - SIDO formulates policies for the development of
small scale industries in the country. It provides support for promotion of
rural entrepreneurship.

ii. Management Development
Institute - MDI conducts management development programs to improve managerial
effectiveness in the industry.

iii. Entrepreneurship Development
Institute of India - EDI has helped to set up twelve state-level exclusive
entrepreneurship development institutes and centres.

iv. All India Small Scale
Industries Board - AISSIB advises the Government on all issues related to the
small scale sector. It determines the programmes and policies for the
development of small scale industries.

v. National Institution of
Entrepreneurship and Small Business Development - NIESBUD supervises the
activities of the different agencies involved in the entrepreneurial
development programmes.

vi. National Institute of
Small Industries Extension Training - The objective of the institute is to
direct and coordinate the syllabi for training of small entrepreneurs. It
organizes seminars for small entrepreneurs and managers.

vii. National Small
Industries Corporation Ltd. - NSIC provides a vast-market for the products of
the small industries through its marketing network. It also helps the small units
in exporting their products to foreign countries.