What is EDP? Explain the role of government in organising the EDP?
Answers
Answer:
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.
Institutions set up by Central Government
Small industries development organization (SIDO)
SIDO was established in October 1973 now under Ministry of Trade, Industry and Marketing. SIDO is an apex body at Central level for formulating policy for the development of Small Scale Industries in the country, headed by the Additional Secretary & Development Commissioner(Small Scale Industries)under Ministry of Small Scale Industries Govt. of India. SIDO is playing a very constructive role for strengthening this vital sector, which has proved to be one of the strong pillars of the economy of the country. SIDO also provides extended support through Comprehensive plan for promotion of rural entrepreneurship.
Entrepreneurship development institute of India (EDI)
Entrepreneurship Development Institute of India (EDI), an autonomous and not-for-profit institute, set up in 1983, is sponsored by apex financial institutions – the IDBI Bank Ltd., IFCI Ltd., ICICI Bank Ltd. and the State Bank of India (SBI). EDI has helped set up twelve state-level exclusive entrepreneurship development centres and institutes. One of the satisfying achievements, however, was taking entrepreneurship to a large number of schools, colleges, science and technology institutions and management schools in several states by including entrepreneurship inputs in their curricula. In the international arena, efforts to develop entrepreneurship by way of sharing resources and organizing training programmes, have helped EDI earn accolades and support from the World Bank, Commonwealth Secretariat, UNIDO, ILO, British Council, Ford Foundation, European Union, ASEAN Secretariat and several other renowned agencies. EDI has also set up Entrepreneurship Development Centre at Cambodia, Lao PDR, Myanmar and Vietnam and is in the process of setting up such centres at Uzbekistan and five African countries.
National Institution of Entrepreneurship and Small Business Development(NIESBUD),New Delhi
It was established in 1983 by the Government of India.It is an apex body to supervise the activities of various agencies in the entrepreneurial development programmes.It is a society under Government of India Society Act of 1860.
Answer:
Entrepreneurship Development Programmes are held on a regular basis to promote youth talent by educating them on various elements of industrial activity essential for the establishment of MSEs.
Explanation:
The Entrepreneurship Development Programme (EDP) is a programme that assists in the development of entrepreneurial skills. The abilities essential to run a successful business are cultivated among students through this programme. Students may have skills that need to be polished and incubated. This programme is ideal for them.
Role of government in organising the EDP:
The government established programmes to assist entrepreneurs in the fields of technology, finance, market, and entrepreneurial development in order to help accelerate and embrace changes in industrial development. The national and state governments established a number of institutions to achieve this goal.
- Their responsibilities include providing a stimulating business environment and development assistance to SMEs through stimulating laws, enhancing institutional capacities, enacting appropriate economic policy measures, and establishing the necessary infrastructure.
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