Growth of EDP in India, entrepreneur development Programme

1. A V D E E P S I N G H
B U S I N E S S A N A L Y S T ( I T )
A V D E E P @ L I V E . C O M
L I N K E D I N – “ A V D E E P S A R O Y A ”
F A C E B O O K – S A R O Y A V D E E P
GRD Technical Centre

2. Entrepreneurship Development Programme
in India(EDP)

3. Entrepreneur – That’s me !

4. INTRODUCTION
 Entrepreneurs are people with vision who recognize and
pursue Opportunity, create and establish business /new
ventures, take into account the risk involved , have
control over the present and future and flexibility to
adapt with the changing times.
 Meaning of Entrepreneurship:-Entrepreneurship is the
investing and risking of time, money and effort to start a
business and make it successful
 OPPORTUNITIES:- There is certainly no formula to
become a successful entrepreneur. Some may succeed
and make good profits, others sink along the way.

5. IMPORTANCE OF TRAINING
METHODS OF TRAINING
EDP- NEED AND IMPORTANCE
PHASES OF EDP
SELECTION OF ENTREPRENEURS FOR EDP
TRAINING PROGRAMME – COURSE CONTENTS
PRE REQUISITES OF EDP
ORGANIZATIONS PROVIDING EDP
Training and Entrepreneurship
Development Programme in India

6. Importance of Training
 Ensures availability of skilled manpower at all management levels
 Enhancing abilities, potential among entrepreneurs
 Increase efficiency
 Maintain and enhance product quality
 Minimize wastages in production process
 Minimize accidents on the job
 Reduce fatigue and increase speed of work
 Standardization in industry and internal processes

7. Methods of Training
 Individual instruction
 Group instruction
 Lecture method
 Demonstration method
 Written instruction method
 Conference
 Meetings

8. EDP
 Designed with an aim of encouraging self employment
 Imparts training and motivates potential and existing
entrepreneurs to start new business or diversify and expand
the existing one
 Helps employment and wealth creation among educated
unemployed youth
 Well equipped to face risks and challenges as an entrepreneur
 Government needs considerable human and material
resource, importance to detailed planning & implementation

9. Phases of EDP
 Select area from existing government policy
guidelines/socio-economic reports
 Techno-economic survey of the selected area; feasibility
study
 Identify potential and existing entrepreneurs interested
in starting new business/expansion/diversification
 Training
 Follow up and consultancy services

10. EDP Cycle
Stimulatory Role
 1. Registration of unit
 2. Arranging finance
 3. Providing land, shed, power, water etc.
 4. Guidance for selecting and obtaining machinery
 5. Supply of scarce raw materials.
 6. Getting licences / import licences
 7. Providing common facilities
 8. Granting tax relief or other subsidy
 9. Offering management consultancy
 10. Help marketing product

11. Support Role
 1. Entrepreneurial education.
 2. Planned publicity for entrepreneurial opportun ities.
 3. Identification of potential entrepreneurs through scientific
methods.
 4. Motivational training to new entrepreneurs.
 5. Help and guide in selecting products and preparing project
reports.
 6. Making available techno-economic information and product
profits.
 7. Evolving locally suitable new products and processes.
 8. Availability of local agencies with trained personnel for
entrepreneurial counselling and
 promotions.
 9. Organising entrepreneurial forum.

12. Sustaining Role
 1. Help modernization
 2. Help diversification/expansion / substitute
production.
 3. Additional financing for full capacity utilization
 4. Deferring repayment/interest.
 5. Diagnostic industrial extension/consultancy source.
 6. Production units/ legislation/policy change
 7. Product reservation / creating new avenues for
marketing
 8. Quality testing and improving services
 9. Need - based common facilities centre

13. Selection of entrepreneurs for EDP
 The programme is well publicized and promoted to
attract maximum applications for screening
 Applications screened for:
 Demographics and socio cultural data – age, education, work exp,
financial resources, type of business etc
 Motivation factors – pull factors, source of encouragement,
credibility, endurance, concreteness of plans
 Psychological test results- traits like risk taking, need for
achievement

14. Training – Course contents
 Introduction to entrepreneurship
 Motivation training
 Essentials of management
 Fundamentals of project feasibility study
 Organizing the business
 Plant visit

15. Pre requisites of EDP
 Selection of entrepreneurs
 Inputs for EDP
 Support system
 Follow up

16. Organizations providing EDP

17. Entrepreneurship Development Institute of India
(EDII)
 Develops Programmes for entrepreneurial training and
development
 Develops innovative training techniques for trainers
 Focused attention on women entrepreneurs with first such
EDP in 1988
 EDP for rural entrepreneurship development in U.P and
Orissa
 Famous for organizing camps on entrepreneurship
 Conducted EDP in Sri Lanka, Nepal, Ghana, Kenya etc

18. National Institute for entrepreneurship and
Small Business Development (NIESBUD)
 Established by Government of India in 1983
 An apex body for coordination and supervision on activities of
various institutes engaged in entrepreneurial development
 Helps evolution of EDP, model syllabi, effective training
strategies, methodology, manuals and tools
 Activities undertaken:
 Organise and conduct training programmes
 Coordinate training activities of various agencies/institutes
 Provide affiliation to such institutes
 Hold examinations and confer certificates to trainers and trainees

19. Small Industries Service Institutes (SISI)
 Three months part time evening courses in management
 4-6 weeks part time courses in intensive training in functional
areas (marketing, finance)
 Special courses in quality control, HR, production planning,
product development etc
 Mobile workshops imparting training on correct usage of tools
and equipment
 Helps with preparation of plant layouts
 Helps individual firms on specific problems faced

20. Micro, Small &Medium Enterprises Development
Commission (MSME DC)
 Runs EDP in collaboration with financial institutes,
directorate of industries
 Gives on the job training on shop floor (carpentry,
electrical devices)
 Sends its officials/trainers to organizations to update
their knowledge

21. National Small Industries Corporation (NSIC)
 Provides apprenticeship for 2 years
 Training supervisory staff of SSI up to 2 years
 Training to engineers up to 2 years
 Training workmen for 12 months
 Training to set up own venture
 Advice on machinery and components
 Production of technologically advanced machines

22. National Alliance of Young Entrepreneurs
(NAYE)
 Contribution in encouraging women entrepreneurship
 Set up women’s wing in 1975
 This wing assists women in:
 Getting better access to resources, infrastructure, markets
 Identify investment opportunities
 Attending to problems of individual industries
 Sponsor participation in trade fairs, exhibitions, conferences
 Organise seminars, training programmes, workshops

23. CAREER OPPORTUNITIES FOR ENTREPRENEURS
IN DIFFERENT FIELDS

24. 18. Biotechnology

25. Thank You….