EDP ppt made by Kanwal Preet student of Punjabi University Patiala

1. EDP PRESENTATION
TOPIC: POLICIES FOR PROMOTION OF
ENTREPRENEURSHIP
SUBMITTED BY: KANWAL PREET
SUBMITTED TO:
M.COM HONS. FYIC 3RD YEAR
JASPREET MAM
5TH SEM

2. Entrepreneurship
• The entrepreneur is defined as someone who has
the ability and desire to establish, administer and
succeed in a startup venture along with risk
entitled to it, to make profits.
• Entrepreneurship is the ability and readiness to
develop, organize and run a business enterprise,
along with any of its uncertainties in order to make
a profit. It is a complex term that's often defined
simply as running your own business.
• It is a process of creating something different with
value by devoting time and effort, assuming the
accompanying financial, psychic, social risks and

3. Objectives of Entrepreneurship
Entrepreneurship teaches
us to -
•Create oppurtunity
•Ensures social justice
•Instills confidence
•Stimulates the economy
•Take risks
•Fail and to perserve
•Become creative,
innovative and inventive

4. Enterpreneurship Promotion
Enterpreneur is a key diver of our economy. It is not
an economic term but a way of thinking.
Entrepreneurs are leaders willing to take risk and
exercise initiative, taking advantage of market
opportunities by planning, organizing, and
employing resources, often by innovating new or
improving existing products. An entrepreneur will
continuously enhance his skills in all areas, will keep
looking for new opportunities to provide better value
to his customers and will do more than what is
expected, providing help out of the way.

5. Why Govt. Need Them ?
• Discover New Markets - In economics, markets are
people who are willing & able to satisfy their needs is
called effective demand. Entrepreneurs cerate
customers or buyers because they are resourceful.
• Discover New Sources of Materials - Due to the
innovative nature of entrepreneurs they persist on
discovering new sources of materials to improve
their enterprises.

6. • Introduce New Technologies - Aside from being
innovators & reasonable risk-takers, entrepreneurs
take advantage of business oppurtunities. Every
year there are new technologies & products to
satisfy human needs.
• Creates Employment - The biggest employer is the
private sector. Millions of jobs are provided by
factories, service industries, agriculture enterprises
and small-scale businesses.
• Mobilize Capital Resources - In economics, capital
resources represent machines, buildins and other
productive resources. They have initiative and self-

7. Promotion Schemes
There are two types of
schemes proposed in our
country to promote
entrepreneurship which
are -
I.Governmental Schemes
II.Entreprepreneurship
Development
Programmes (EDPs)

8. I. Governmental Schemes
 START-UP INDIA -
• Through the start-up india initiative, govt. of india
promotes entrepreneurship by mentoring, nurturing
and facilitating startups throughout their life cycle.
• Since its launch in January 2016, the initiative has
successfully given a head start to numerous
aspiring entrepreneurs.
• With a 360 degree approach to enable startups,
the initiative provides a comprehensive 4 week free
online learning program.
• More importantly, a 'Fund of Funds' has been
created startups to gain access to funding. At the
core of the initiative is the effort to build an
ecosystem in which startups can innovate and

9. MAKE IN INDIA -
• The make in india intiative was launched in
september 2014.
• It came as a powerful call to india's citizens and
business leaders and an invitation to potential
partners and investors around the world to overhaul
out-dated processes and policies and centralize
information about oppurtunities in India's
manufacturing sector.
• This has in-turn helped procure investments, foster
innovation, develop skills, protect intellectual
property and build best-in-class manufacturing
infrastructure.

10. ATAL INNOVATION MISSION (AIM) -
• AIM is the govt of india's endeavour to promote a
culture of innovation and entrepreneurship in
technology - driven areas.
• In order to foster curosity, creativity and imagination
right at he school, AIM recently launched Atal
Tinkering Labs (ATL) across India.
• Atal Incubation Centres are another programme of
AIM created to build innovative start-up businnesses
as scalabe and sustainable enterprises.
• These incubation centres with a presence across
india provide access to sectoral experts, business
planning support, seed capital, industry partners and

11. SUPPORT TO TRAINING AND
EMPLOYMENT PROGRAMME FOR WOMEN
(STEP) -
• STEP was launched by the govt. of india's ministry of
women and child development to train women with
no access to formal skill training facilities, especially
in rural india.
• The Ministry of Skill Development &
Entrepreneurship and NITI Aayog recently redrafted
the guideliners to reach out to all indian women
above 16 years of age.
• To impart skills in several sectors such as agriculture,
horticulture, food processing, handlooms, traditional

12. DIGITAL INDIA -
• The Digital India initiative was launched to modernise
the indian economy to make all govt. schemes
available electronically.
• The intiative aims to transform India into a digitally-
empowered society and knowledge economy with
universal access to goods and services.
• This program aims to improve citizen participation in
the digital and financial space, make India's
cyberspace safer and more secured improve ease of
business.
• Digital India hopes to acheive equity and efficiency in
a country with immense diversity by making digital
resources and services available in all Indian

13.  BIOTECHNOLOGY INDUSTRY RESEARCH
ASSISTANCE COUNCIL (BIRAC) -
• BIRAC is a not-for-profit Public-Sector Enterprise,
set up by Department of Biotechnology to strengthen
and empower emerging biotechnology enterprises.
• It aims to embed strategic research and innovation in
all biotech enterprises and bridge the existing gaps
between industry and academia.
• BIRAC has intiated partnerships with several
national and global partners for buiding capacities of
the indian biotech industry, particularly start-ups and
SME's and has faciltated several rapid developments
in medical technology.

14. II. Entrepreneurship Development
Programme(EDPs)
ENTREPRENEURSHIP DEVELOPMENT
INSTITUTE OF INDIA
•Set up in 1983, it is an autonomous and not-for-profit
institute and sponsored by IDBI bank ltd., IFCI ltd.,
ICICI bank ltd. and SBI.
•It runs a range of educational programes including 2
year post graduate diploma in management program
for first generation entrepreneurs, agribusiness, family
business inheritors.
•It aims at promting micro enterprises at rural areas by
inculcating the spirit of entrepreneurship in youth which

15. NATIONAL INSTITUTE FOR
ENTREPRENEURSHIP AND SMALL
BUSINESS DEVELOPMENT (NIESBUD) -
• An apex body for coordinating and overseeing the
activites of various institutions/agencies engaged in
entrepreneurship development.
• Set up on July 6, 1983 by the then Ministry of
Industry [now Ministry of Micro, Small and Medium
Enterprises (MSMEs)].
• Its basic objectives are promotion and development
of micro, small and medium enterprises including
enhancement of thir competitiveness through various
activities.
• To provide vital information and support to trainers,

16. INDIAN INSTITUTE OF
ENTREPRENEURSHIP -
• It was set up at Guwahati in 1993.
• The promotion of new entrepreneurs has been the
major focus of training activities organised by the
institute.
• It organises the rural, general and women EDPs,
crash course on self employment, etc.
• Its activites are focused on areas of stimulating ,
supporting and and sustaining entrepreneurship
development with special emphasis on the
northern eastern region.

17. NATIONAL SMALL INDUSTRIES
CORPORATION LIMITED (NSIC) -
• The NSIC was set up in 1955 with the objective of
supplying machinery and equipment to small
enterprises on ahire purchase basis and assisting
them in procuring govt. orders for various items of
stores.
• Its functions are to assist small enterprises to
participate in the stores purchase program of the
Central government.
• To construct industrial estates and establish and run
prototype production-cum-training centres.
• The NSIC has taken up the challenging task of
promoting and developing small scale industries

18. NATIONAL ENTREPRENEURSHIP
DEVELOPMENT BOARD (NEDB) -
• It devises and recommends to the govt., the
schemes for promotion of entrepreneurship, for
encouraging self- employment in small scale
industries and small business.
• The scheme identifies and removes entry barriers for
potential entrepreneurs including study on
entrepreneurship development.
• To focus on existing entrepreneurs in micro, tiny and
small sector and identify and remove constraints to
survivals, growth and continuously improve
performance.
• To facilitate the consolidation, growth and
diversification of existing entrepreneurial venture in
all possible ways.

19. Critical Evaluation Of EDPs
• Inspite of increase in EDP activity, it is observed that
by and large efforts have remained limited to certain
areas and the approach in general has been
haphazzard.
• Enough attention is not being given to streamline and
coordinate all activities related with programmes to
get maximum results.
• The structural and composition of EDP taking into
account the regional variations need to be
streamlined.
• EDPs should be designed to meet out the objectives
already set and imagination to tackle unusual
problems.

20. Conclusion
• Entrepreneurship plays a very critical and major
role in the development of the economy of the
country as this is the key contributor to
innovativeness and product improvement.
• Govt. should develop policies which will
enhance entrepreneurship by understanding the
critical differences existing between small
business owners and entrepreneurship.
• At the same time, a misconception about
entrepreneurs and where entrepreneurs can be
found can also help the local people to create
the right picture of entrepreneurship and thus