Question

Government policies for entrepreneurship development in india

Answer 1

Government policies for entrepreneurship:

• The government has formulated numerous policies for entrepreneurship development in India. It has also established organizations to monitor the welfare of entrepreneurs.
• For example, the National small Industrial Corporation was set up in the year 1955 for the growth of small company groups and software parks.
• Small industries development bank of India was established to meet the financial needs of entrepreneurs and offer them low-interest loans. Moreover, the government has reduced taxes to encourage entrepreneurs.

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