Explain the role of state and central government agencies in promoting entrepreneurship in india.
Answers
Government plays a very important role in developing entrepreneurship. Government develop industries in rural and backward areas by giving various facilities with the objective of balances regional development.The government set programmes to help entrepreneurs in the field of technique,finance,market and entrepreneurial development so that they help to accelerate and adopt the changes in industrial development.Various institutions were set up by the central and state governments in order to fulfill this objective.
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.