Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business. The people who create these businesses are called entrepreneurs. The most obvious example of entrepreneurship is the starting of new businesses. The entrepreneurial spirit is characterized by innovation and risk-taking and is an essential part of a nation’s ability to succeed in an ever-changing and increasingly competitive global marketplace.
Entrepreneurship Development Programme (EDP)
it is a programme which helps in developing the entrepreneurial abilities. The skills that are required to run a business successfully, is developed among the people through this programme. it is the processing of data by a computer and its programs in an environment involving electronic communication.it refers to enhancing an existing potential or asset through the process of learning and application and evolving one’s skills in a systematic manner. the same goes for the process of entrepreneurship development.
Role of Government in organizing EDP’SThe government decided to encourage entrepreneurial activities and ventures through various incentives in both industrially backward and rural areas. Various agencies and institutions were engaged in entrepreneurship development activity. The main thrust of these was to provide technological, financial, market and moral support to the potentials of entrepreneurs, who act as catalyst agents of change.
Entrepreneurial Development Program(EDP) may be defined as a programme designed to help an individual in strengthening his entrepreneurial motive and in acquiring skills and capabilities necessary for playing his entrepreneurial role effectively.
NATIONAL INSTITUTE FOR ENTREPRENEURSHIP AND SMALL BUSINESS DEVELOPMENT (NIESBUD)
• Highest body, established in 1983 by the Ministry of industry, Government of India.
• Entrusted the task of coordinating the activities of different agencies engaged in the task of entrepreneurship development
. • Confines it’s training activities to such areas where no organization is coming forward for organizing programmes and which is totally new.
• Aims at creating a conducive environment for the emergence of entrepreneurship.
Functions Evolving effective training strategies and methodology. Formulating scientific selection procedure. Developing training aids, manuals, and other tools. Facilitating and supporting agencies engaged in entrepreneurship development. Conducting such programmes which are not undertaken by other agencies. Maximizing their benefits and accelerating the process of entrepreneurship development. Organizing all those activities that help develop an entrepreneurial culture in society.
ENTREPRENEURSHIP DEVELOPMENT INSTITUTE OF INDIA (EDII) It is a national institute set up by Public Financial Institutions and Government of Gujarat. It promotes research, training and institution building activities by encouraging active participation of backward areas and special target groups in entrepreneurship.country.
TECHNICAL CONSULTANCY ORGANISATIONS (TCOs) Various state governments in association with all India financial institutions have promoted various technical consultancy organizations to provide technical consultancy and training to prospective entrepreneurs. This organization provides a comprehensive package of services to potential entrepreneurs.
INDIAN INVESTMENT CENTRE (IIC) It is a nonprofit center promoted and supported by the Government of India. It aims at promoting mutually beneficial joint venture between Indian and Foreign entrepreneurs. It provides relevant information to the foreign investors, desirous of making an investment in our country. It promotes collaborations between Indian and foreign entrepreneurs.
There are several other important institutions providing assistance for entrepreneurial development such as – Xavier Institute of social services, Ranchi Xavier Institute of Ranchi has been training rural entrepreneurs since 1974. It assists the trainees in drafting project proposals and in obtaining the required finance. It also offers a six-month programme to tribals. The programme consists of Identification and selection of candidates, Motivation training, Managerial training, Financial assistance.