Institutional support system for small entrepreneurs
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1. Central Government Institutions:
The Government Formulated the Micro, Small and Medium Enterprises:
Development Act, 2006 and established the National Board for Micro, Small and Medium Enterprises (NBMSME) and made rules there under in the year 2006. This Board examines the factors affecting promotion and development of MSMEs and reviews policies and programmes from time to time relating to these enterprises, from time to time and makes recommendations to the Government in formulating the policies for the growth of MSMEs.
2. State Government Institutions:
The State Governments also execute different promotional and developmental projects and schemes to provide number of supporting incentives for development and promotion of MSMEs in their respective states. These are executed through the State Directorate of Industries, which has District Industries Centres (DICs) under it, for implementing the central/state level schemes.
3. Non-Government Institutions:
Besides the Central Government and the State Government agencies, there are some Non-Governmental agencies that are also supporting the cause of small scale industries in the country. These agencies include Non- Government organisations and industry associations. They provide a common platform to voice SSI needs and initiate co-operative efforts.
Government policies have stressed the increasing role of these associations and NGO’s in setting up common facilities and other cooperative ventures in technology, marketing and other support systems.
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The Government Formulated the Micro, Small and Medium Enterprises:
Development Act, 2006 and established the National Board for Micro, Small and Medium Enterprises (NBMSME) and made rules there under in the year 2006. This Board examines the factors affecting promotion and development of MSMEs and reviews policies and programmes from time to time relating to these enterprises, from time to time and makes recommendations to the Government in formulating the policies for the growth of MSMEs.
2. State Government Institutions:
The State Governments also execute different promotional and developmental projects and schemes to provide number of supporting incentives for development and promotion of MSMEs in their respective states. These are executed through the State Directorate of Industries, which has District Industries Centres (DICs) under it, for implementing the central/state level schemes.
3. Non-Government Institutions:
Besides the Central Government and the State Government agencies, there are some Non-Governmental agencies that are also supporting the cause of small scale industries in the country. These agencies include Non- Government organisations and industry associations. They provide a common platform to voice SSI needs and initiate co-operative efforts.
Government policies have stressed the increasing role of these associations and NGO’s in setting up common facilities and other cooperative ventures in technology, marketing and other support systems.
This is my answer. Hope it helps!
If it did help, please mark my answer as brainliest
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