MODULE 5- INSTITUTIONAL SUPPORT TO ENTREPRENEURS

AATMANIRBHAR BHARAT APP

• Atmanirbhar Bharat Abhiyaan or Self-reliant India campaign is the vision of new
India envisaged by the Hon'ble Prime Minister Shri Narendra Modi. On 12 May 2020,
our PM raised a clarion call to the nation giving a kick start to the Atmanirbhar Bharat
Abhiyaan (Self-reliant India campaign) and announced the Special economic and
comprehensive package of INR 20 Lakh Cr- equivalent to 10% of India’s GDP – to
fight COVID-19 pandemic in India.
• The aim is to make the country and its citizens independent and self-reliant in all
senses. He further outlined five pillars of Aatma Nirbhar Bharat – Economy,
Infrastructure, System, Vibrant Demography and Demand.
• Prime Minister Narendra Modi had launched the ‘AatmaNirbhar Bharat App
Innovation Challenge’, on the 4th of July 2020
• The App Challenge was launched on the Innovate platform of MyGov, the citizen
engagement platform of Government of India, and received as many as 6,940 entries
from tech entrepreneurs and start-ups across the country, by 26th July, the last date for
receipt of entries.
• The first of its kind, App Innovation challenge sought entries for 9 different categories
namely Business, eLearning, Entertainment, Games, Health, News, Office and Work
from Home, Others and Social.
• Atal Innovation Mission, Niti Aayog actively collaborated and supported MyGov in
conduct of the Challenge along with Meity Startup Hub and National e Governance
Division, under Digital India Corporation of Ministry of Electronics and Information
technology.
• The entries received were screened by teams and the top entries in each category were
shortlisted for evaluation by an eminent Jury comprising of the best of the technical
minds and experts from Industry, Startups, Academia and Government.
• Over a period of 5 days from July 31st to August 4th, extensive presentations were
made by the Jury members who assessed the Apps on the parameters of robustness,
scalability, security and ease of use.
• Another 44 Apps were identified for Special Mention which have a great potential in
being Apps for the future. Jury also made a mention that there are many other Apps
who are at various stages of development and they will also compete with the award
winning apps in the near future.
• Accordingly, it was suggested to have the policy to have such challenges on a regular
basis to constantly update the Leader boards as also to provide institutional support
through mentoring and tying up with Incubation centers of Atal Innovation Mission as
also other Government institutions to kick-start the App Building Ecosystem in India.
• India is one of the largest App publishers in the world and the Developer community
in India have the potential of making Apps that can be the best in the World. It was
interesting to note that many of the app developers were women and represented
almost the entire country. This challenge has proved that India has the talent base to
build Apps for the future.
ATAL INNOVATION MISSION
The Atal Innovation Mission (AIM) is a flagship initiative set up by the NITI Aayog in 2016
to promote innovation and entrepreneurship across the length and breadth of the country.
AlM's objectives are to create and promote an ecosystem of innovation and entrepreneurship
across the country at school, university, research institutions, MSME and industry levels.
AIM has two functions:
• Promote entrepreneurship by encouraging innovators to become entrepreneurs
through financial support as well as mentorship
• Promote Innovation by creating a platform where ideas are generated through like-
minded individual

AIM has created four programs to support these functions:

• Atal Tinkering Labs
• Atal Incubation Centres
• Atal New India Challenges and Atal Grand Challenges
• Mentor India
Atal Tinkering Labs (ATL)
ATLs are created as learning spaces for students between Class 6 to 12 for them to develop
skills and become adept at new technologies such as artificial design (AI), design and
computational thinking, adaptive learning, etc. The labs provide education way beyond
existing educational pedagogy. Each ATL is granted Rs 12,00,000 for the first year for set-up
costs and after that Rs 2,00,000 for maintenance and operational expenses for the next four
years.

Atal Incubation Centres (AICs)

The AICs are established under AIM to create world-class incubation centres with state-of-art
infrastructure both capital-intensive and operation-oriented. They are especially focused on
supporting start-ups incubatees that contribute to technological innovation in manufacturing,
transport, energy, health, education, agriculture, water, sanitation, Artificial Intelligence (AI),
Internet of Things (IoT), cyber-security, and other emerging fields. An AIC has the following
functions:
• Support incubatees in creating profitable, scalable and sustainable business models
• Provide infrastructural and value-added support
• Hold events and trainings for entrepreneurial mentorship and inspiration
• Create thriving partnerships and networks of academia, industry, funding sources,
existing incubators to support start-ups
Atal New India Challenges (ANIC)
The ANIC empowers innovators to create technologies and products in 24 identified sectors
by providing grants up to Rs 1 crore to support innovation and scalability. Under Atal Grand
Challenges, applicants get grants up to Rs 30 crores. The applicants are allowed to use the
grant on the following activities:
• Prototyping
• Market Assessment
• Pilot Implementation
• Early Consumer Partnership
• Market and Customer Engagement
The grant is awarded in maximum three stages in 12-18 months distributed in 30%, 50% and
the remaining amount of the grant, if required, relatively.
Mentor India (MI)
MI is a voluntary initiative that invites industry leaders to guide and mentor students in the
fields of technical expertise, innovation and design, inspiration or entrepreneurial in nature, at
the ATLs and AICs under AIM. The mentors are expected to spend 1-2 hours a week with the
students for at least 40 academic weeks.
START UP INDIA SEED SCHEME
The Startup India Seed Scheme is an initiative launched by the Government of India under
the broader Startup India campaign to provide financial assistance to startups in their early
stages of development. Here's an outline suitable for a 10 marks question:
1. Introduction to Startup India Seed Scheme (1 mark):
• The Startup India Seed Scheme was launched by the Government of India to
support startups at the ideation and early stages by providing them with
financial assistance.
2. Objective of the Scheme
• The primary objective of the Startup India Seed Scheme is to catalyze the
startup ecosystem in India by providing access to funding for innovative and
scalable business ideas.
• It aims to promote entrepreneurship and innovation by enabling startups to
convert their ideas into viable business ventures.
3. Key Features of the Scheme
• Eligibility Criteria: Startups with innovative ideas and high growth potential
are eligible to apply for seed funding under this scheme.
• Funding Support: The scheme provides financial assistance in the form of seed
capital to selected startups, typically in the range of INR 5 lakhs to INR 50
lakhs.
• Equity Participation: In exchange for the seed funding, the government or
designated agencies take equity stakes in the startups.
 4. Application and Selection Process
• Startups interested in availing seed funding under the Startup India Seed
Scheme need to apply through the designated online portal.
• The applications are evaluated based on criteria such as the novelty of the
idea, market potential, scalability, and the competency of the founding team.
• Shortlisted startups undergo further evaluation, including due diligence, before
final selection for funding.
5. Benefits and Impact
• By providing early-stage funding, the Startup India Seed Scheme facilitates
the development and growth of startups, enabling them to bring their
innovative solutions to market.
• It contributes to job creation, economic growth, and fostering a culture of
innovation and entrepreneurship in the country.
EBIZ PORTAL
Ministry of Commerce and Industry has announced the launch of eBiz, India’s first
Government-to-Business (G2B) portal which aims at transforming and developing a
conducive business environment in the country.
The portal which has been developed by Infosys in a public-private-partnership model will
provide a one-stop shop for providing G2B services to investors and business communities in
India. The portal will also help in reducing the delays and complexity in obtaining
information and services.
1. Introduction to eBiz Portal
• The eBiz portal is an initiative by the Government of India aimed at
streamlining and simplifying the process of starting and operating businesses
in the country.
2. Objective of the Portal
• The primary objective of the eBiz portal is to provide a single-window
platform for businesses to access government services, permits, licenses, and
clearances required to start and operate a business.
• It aims to reduce bureaucratic hurdles, paperwork, and delays associated with
various business-related processes, thereby promoting entrepreneurship and
investment in India.
3. Key Features of the Portal
• Single Window Interface: The eBiz portal offers a unified interface where
businesses can apply for and obtain multiple licenses, permits, and approvals
from different government departments and agencies.
 • Online Application and Payment: Businesses can submit applications, make
payments, and track the status of their applications online, eliminating the
need for physical visits to government offices.
• Information and Guidance: The portal provides comprehensive information,
guidelines, and resources related to starting and operating businesses in India,
including regulatory requirements and procedures.
4. Services Offered
• The eBiz portal offers a wide range of services across various sectors,
including company registration, tax registrations, licenses and permits for
specific industries, environmental clearances, and intellectual property rights
registration.
• It also facilitates services related to employment provident fund (EPF),
employee state insurance (ESI), customs clearance, and more.
5. Benefits and Impact
• The eBiz portal simplifies the process of doing business in India, reducing the
time, cost, and effort required for regulatory compliance.
• It enhances transparency, efficiency, and accountability in government
processes, fostering a conducive environment for business growth and
investment.
• The portal contributes to India's ranking in global ease of doing business
indices and promotes the country as an attractive destination for both domestic
and foreign investors.
PRADHAN MANTRI MUDRA YOJANA
The Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme launched by the
Government of India to provide financial assistance to small and micro enterprises. Here's an
overview:
1. Introduction to Pradhan Mantri Mudra Yojana:
• The Pradhan Mantri Mudra Yojana (PMMY) was launched by the Government
of India to support the growth and development of small and micro enterprises
in the country.
2. Objectives of the Scheme:
• The primary objective of PMMY is to extend affordable credit to small and
micro business owners, particularly those from marginalized sections such as
SC/ST/OBC, women, and minority communities.
• It aims to promote entrepreneurship, job creation, and economic development
by providing financial assistance for income-generating activities.
3. Key Features of the Scheme:
 • Three Categories: PMMY offers loans under three categories - Shishu (up to
₹50,000), Kishor (from ₹50,001 to ₹5 lakh), and Tarun (from ₹5,00,001 to ₹10
lakh), catering to different stages of business growth.
• Collateral-Free Loans: Loans under PMMY are collateral-free, making it
easier for small entrepreneurs to access credit without the burden of providing
security.
• Loan Disbursement: Financial institutions such as banks, non-banking
financial companies (NBFCs), and microfinance institutions (MFIs) disburse
loans under PMMY.
4. Eligibility Criteria:
• Any individual or entity engaged in income-generating activities, including
small and micro enterprises, artisans, and vendors, is eligible to apply for
loans under PMMY.
• Preference is given to applicants from priority sectors and marginalized
communities.
5. Benefits and Impact:
• PMMY has empowered millions of small entrepreneurs across India by
providing them with access to formal credit, enabling them to expand their
businesses, create employment opportunities, and improve their livelihoods.
• The scheme has played a crucial role in promoting inclusive growth and
financial inclusion, particularly in rural and semi-urban areas, by reaching out
to underserved segments of the population.
• By fostering entrepreneurship and supporting small businesses, PMMY
contributes to economic development, poverty reduction, and the overall
socio-economic well-being of the country.
Overall, the Pradhan Mantri Mudra Yojana has emerged as a vital initiative in the
government's efforts to promote entrepreneurship, financial inclusion, and inclusive growth in
India.
STANDUP INDIA SCHEME
The Stand Up India Scheme is a government initiative aimed at promoting entrepreneurship
among women, Scheduled Castes (SCs), and Scheduled Tribes (STs) by providing them with
access to financial support and other resources. Here's an overview:
1. Introduction to Stand Up India Scheme:
• The Stand Up India Scheme was launched by the Government of India to
support entrepreneurship and promote economic empowerment among
women, SCs, and STs.
2. Objectives of the Scheme:
 • The primary objective of the Stand Up India Scheme is to facilitate bank loans
between ₹10 lakh and ₹1 crore to at least one Scheduled Caste (SC) or
Scheduled Tribe (ST) borrower and at least one woman borrower per bank
branch for setting up greenfield enterprises.
• It aims to provide financial assistance, handholding support, and convergence
with existing schemes to enable entrepreneurs from marginalized communities
to start and operate their businesses.
3. Key Features of the Scheme:
• Collateral-Free Loans: The scheme provides collateral-free loans ranging from
₹10 lakh to ₹1 crore to eligible beneficiaries for setting up new enterprises in
manufacturing, trading, or service sectors.
• Concessional Interest Rates: The loans under Stand Up India Scheme are
offered at concessional interest rates to make them affordable for borrowers
from SC, ST, and women categories.
• Greenfield Projects: The focus of the scheme is on financing greenfield
projects, i.e., new ventures that have not been established previously.
4. Eligibility Criteria:
• Individuals or groups of individuals, including women, SCs, and STs, who
wish to start new enterprises in manufacturing, trading, or service sectors are
eligible to apply for loans under the Stand Up India Scheme.
• The borrower should not have defaulted on any loan availed from any
financial institution.
5. Benefits and Impact:
• The Stand Up India Scheme has empowered women and individuals from SC
and ST communities to become entrepreneurs and job creators, thereby
promoting inclusive growth and economic development.
• By providing financial support and handholding assistance, the scheme has
facilitated the establishment of new enterprises, increased income generation,
and improved livelihoods of beneficiaries.
• The scheme has also contributed to reducing socio-economic disparities and
fostering a culture of entrepreneurship and self-reliance among marginalized
communities in India.
Overall, the Stand Up India Scheme plays a crucial role in promoting entrepreneurship,
financial inclusion, and inclusive growth by providing targeted support to women and
individuals from SC and ST communities to start and expand their businesses.
VENTURE CAPITAL ASSISTANCE SCHEME
The Venture Capital Assistance (VCA) Scheme is a government initiative designed to provide
financial assistance to agricultural and rural enterprises through venture capital funding.
Here's an overview of the scheme:
1. Introduction to Venture Capital Assistance Scheme:
• The Venture Capital Assistance (VCA) Scheme is a program launched by the
Government of India to support agricultural and rural enterprises by providing
them with venture capital funding.
2. Objectives of the Scheme:
• The primary objective of the VCA Scheme is to promote entrepreneurship,
innovation, and modernization in the agricultural and rural sectors by
facilitating access to risk capital.
• It aims to encourage the establishment of agribusiness ventures, food
processing units, rural industries, and other allied activities to enhance
productivity, employment generation, and income levels in rural areas.
3. Key Features of the Scheme:
• Financial Assistance: The VCA Scheme provides financial assistance in the
form of venture capital funding to eligible enterprises for undertaking
innovative projects in agriculture and allied sectors.
• Equity Participation: Under the scheme, the government or designated
agencies may take equity stakes in the supported enterprises, thereby sharing
the risks and rewards of the investment.
• Technical and Managerial Support: Besides financial assistance, the scheme
may also provide technical and managerial support to the assisted enterprises
to strengthen their capabilities and competitiveness.
4. Eligibility Criteria:
• Enterprises engaged in agriculture, agribusiness, food processing, rural
industries, and other allied activities are eligible to apply for venture capital
funding under the VCA Scheme.
• The enterprises should have innovative project proposals with significant
potential for growth, scalability, and socio-economic impact in rural areas.
5. Benefits and Impact:
• The VCA Scheme has facilitated the establishment and growth of innovative
enterprises in the agricultural and rural sectors, thereby contributing to
agricultural modernization, value addition, and market linkages.
• By providing risk capital and technical support, the scheme has encouraged
entrepreneurship, job creation, and income generation in rural areas, thereby
promoting rural development and poverty alleviation.
 • The scheme has also fostered private sector participation, venture capital
investments, and technology transfer in agriculture and allied sectors, leading
to enhanced productivity, efficiency, and sustainability.
Overall, the Venture Capital Assistance Scheme plays a crucial role in catalyzing investment,
innovation, and entrepreneurship in the agricultural and rural sectors, thereby contributing to
inclusive growth and rural prosperity.
MUDRA BANKS
MUDRA (Micro Units Development and Refinance Agency) Bank is a financial institution
set up by the Government of India to provide financial support to micro and small enterprises
(MSEs) across the country. Here's an overview:
1. Introduction to MUDRA Banks:
• MUDRA Banks are specialized financial institutions established under the
Pradhan Mantri MUDRA Yojana (PMMY) to cater to the financing needs of
micro and small enterprises (MSEs) in India.
2. Objectives of MUDRA Banks:
• The primary objective of MUDRA Banks is to extend financial assistance to
micro-enterprises, small businesses, and entrepreneurs, especially those from
marginalized sections of society, to support their growth and development.
• These banks aim to promote entrepreneurship, job creation, and economic
empowerment by providing access to affordable credit and other financial
services to MSEs.
3. Key Features of MUDRA Banks:
• Refinancing Facility: MUDRA Banks act as refinancing institutions, providing
financial support to microfinance institutions (MFIs), banks, and non-banking
financial companies (NBFCs) for on-lending to micro-enterprises.
• Customized Loan Products: MUDRA Banks offer customized loan products
tailored to the specific needs of micro and small businesses, including working
capital loans, term loans, and overdraft facilities.
• Collateral-free Loans: Loans provided by MUDRA Banks are typically
collateral-free or with minimal collateral requirements, making them
accessible to small entrepreneurs who lack traditional collateral.
4. MUDRA Loan Categories:
• MUDRA loans are categorized into three segments based on the stage of the
business and loan amount required:
• Shishu: Loans up to ₹50,000 for businesses in the initial stages.
• Kishor: Loans ranging from ₹50,001 to ₹5 lakh for businesses that
have started but need additional capital for expansion.
 • Tarun: Loans from ₹5,00,001 to ₹10 lakh for established businesses
seeking further growth and development.
5. Impact of MUDRA Banks:
• MUDRA Banks have played a significant role in promoting entrepreneurship,
particularly among small and micro-enterprises, by providing them with
timely and affordable credit.
• These banks have contributed to the growth of small businesses, employment
generation, and poverty alleviation by enabling entrepreneurs to start or
expand their ventures and create livelihood opportunities.
• By fostering financial inclusion and empowering small entrepreneurs,
MUDRA Banks have helped in reducing income disparities and promoting
inclusive economic growth across the country.
Overall, MUDRA Banks serve as crucial institutions in the government's efforts to support
and nurture the micro and small business sector in India, thereby contributing to socio-
economic development and inclusive growth.
INSTITUTIONS SUPPORTING BUSINESS ENTERPRISES
CENTRAL LEVEL INSTITUTIONS
NATIONAL BOARD FOR MICRO, SMALL AND MEDIUM ENTERPRISES
The National Board for Micro, Small, and Medium Enterprises (MSMEs) is a governmental
body established to promote and support the growth and development of micro, small, and
medium enterprises in India. Here's an overview:
1. Introduction to the National Board for MSMEs:
• The National Board for Micro, Small, and Medium Enterprises (MSMEs) is a
statutory body set up by the Government of India to formulate policies,
programs, and strategies for the promotion and development of MSMEs across
the country.
• Micro Enterprises: Micro-enterprises are defined as enterprises engaged in
manufacturing, processing, or production of goods, with investment in plant
and machinery not exceeding ₹1 crore ($150,000). For service enterprises, the
investment limit is not more than ₹1 crore ($150,000) in equipment.
• Small Enterprises: Small enterprises are those businesses involved in
manufacturing, processing, or production, with investment in plant and
machinery between ₹1 crore ($150,000) and ₹10 crore ($1.5 million). For
service enterprises, the investment limit ranges from ₹1 crore ($150,000) to ₹5
crore ($750,000) in equipment.
• Medium Enterprises: Medium enterprises are enterprises engaged in
manufacturing, processing, or production, with investment in plant and
machinery between ₹10 crore ($1.5 million) and ₹50 crore ($7.5 million). For
 service enterprises, the investment limit ranges from ₹5 crore ($750,000) to
₹20 crore ($3 million) in equipment.

2. Objectives of the Board:

• The primary objective of the National Board for MSMEs is to provide a
platform for dialogue, coordination, and collaboration among various
stakeholders, including government agencies, industry associations, financial
institutions, and MSMEs themselves, to address the challenges faced by the
sector.
• The board aims to formulate and implement policies, schemes, and initiatives
to enhance the competitiveness, productivity, and sustainability of MSMEs,
thereby promoting entrepreneurship, job creation, and economic growth.
3. Key Functions of the Board:
• Policy Formulation: The board is responsible for formulating policies and
strategies to address the needs and concerns of MSMEs and create an enabling
environment for their growth and development.
• Program Implementation: It oversees the implementation of various
government schemes, programs, and initiatives aimed at supporting MSMEs,
including access to finance, technology upgradation, skill development, and
market linkages.
• Advocacy and Representation: The board represents the interests of MSMEs at
the national and international levels, advocating for policy reforms, incentives,
and support measures to promote the sector's interests.
4. Composition of the Board:
• The National Board for MSMEs comprises representatives from the
government, industry associations, financial institutions, academic institutions,
and MSMEs themselves.
• It is chaired by a senior government official, typically the Minister of Micro,
Small, and Medium Enterprises, and includes members from relevant
ministries, departments, and organizations.
5. Impact and Initiatives:
• The National Board for MSMEs plays a pivotal role in shaping policies and
programs to address the needs and challenges of the MSME sector, thereby
contributing to its growth, competitiveness, and sustainability.
• Through its initiatives, such as credit guarantee schemes, technology
upgradation programs, marketing assistance, and skill development initiatives,
the board facilitates access to finance, technology, and markets for MSMEs,
enabling them to thrive and contribute to economic development.
Overall, the National Board for Micro, Small, and Medium Enterprises serves as a crucial
platform for coordination, collaboration, and advocacy to promote the interests of MSMEs
and foster their growth and development in India.
THE KHADI AND VILLAGE INDUSTRIES COMMISSION
The Khadi and Village Industries Commission (KVIC) is a statutory body established by the
Government of India to promote and develop khadi and village industries in rural areas.
Here's an overview:
1. Introduction to the Khadi and Village Industries Commission (KVIC):
• The Khadi and Village Industries Commission (KVIC) is an autonomous
organization established under the Khadi and Village Industries Commission
Act of 1956.
• It operates under the administrative control of the Ministry of Micro, Small
and Medium Enterprises, Government of India.
2. Objectives of KVIC:
• The primary objective of KVIC is to plan, promote, facilitate, and organize the
development of khadi and village industries in rural areas.
• It aims to create employment opportunities, enhance rural incomes, and
promote sustainable development through the promotion of traditional crafts
and industries.
3. Functions of KVIC:
• Promotion of Khadi: KVIC promotes the production and marketing of khadi, a
hand-spun and hand-woven fabric, as well as products made from khadi, such
as garments, accessories, and household items.
• Development of Village Industries: KVIC supports the development of various
village industries such as pottery, handicrafts, handloom, beekeeping, agro-
processing, and sericulture, among others.
• Training and Skill Development: KVIC conducts training programs and
provides skill development initiatives to artisans and entrepreneurs engaged in
khadi and village industries.
• Marketing Support: KVIC facilitates the marketing and distribution of
products manufactured by khadi and village industries through its network of
outlets, exhibitions, and online platforms.
• Financial Assistance: KVIC provides financial assistance in the form of loans,
subsidies, and grants to individuals, cooperatives, and organizations engaged
in khadi and village industries.
4. Impact of KVIC:
 • KVIC has played a pivotal role in reviving and revitalizing traditional crafts
and industries in rural areas, thereby preserving cultural heritage and
promoting rural entrepreneurship.
• It has contributed to poverty alleviation, women empowerment, and inclusive
growth by creating sustainable livelihood opportunities for artisans and
entrepreneurs in rural communities.
• KVIC's initiatives have also helped in promoting environmental sustainability
and rural industrialization by encouraging the use of natural resources and
eco-friendly production techniques.
NATIONAL SMALL INDUSTRIES CORPORATION
The National Small Industries Corporation (NSIC) is a Government of India enterprise under
the Ministry of Micro, Small, and Medium Enterprises (MSMEs). Here's an overview:
1. Introduction to the National Small Industries Corporation (NSIC):
• The National Small Industries Corporation (NSIC) is a public sector
undertaking established in 1955 with the primary objective of promoting and
supporting the growth of small-scale industries in India.
• NSIC operates through its network of Technical Service Centres, Extension
Centres, and Branch Offices across the country.
2. Objectives of NSIC:
• The primary objective of NSIC is to foster the growth and development of
small-scale industries by providing a range of support services, including
financial assistance, technical guidance, and marketing support.
• NSIC aims to facilitate the competitiveness, sustainability, and modernization
of small enterprises, thereby contributing to economic growth, employment
generation, and industrialization.
3. Functions of NSIC:
• Financial Support: NSIC provides financial assistance to small-scale industries
in the form of term loans, working capital loans, and equipment finance
through various schemes and programs.
• Technical Assistance: NSIC offers technical guidance, consultancy services,
and training programs to small-scale entrepreneurs to enhance their technical
capabilities, productivity, and quality standards.
• Marketing Support: NSIC facilitates marketing support to small enterprises by
promoting their products through exhibitions, trade fairs, and buyer-seller
meets, both domestically and internationally.
• Procurement Support: NSIC assists small-scale industries in participating in
government procurement tenders by providing tendering support, bid
preparation assistance, and financial guarantees.
 • Export Promotion: NSIC supports small-scale exporters by offering export-
related services such as export documentation, market intelligence, and export
finance facilitation.
4. Impact of NSIC:
• NSIC's initiatives have contributed to the growth and development of small-
scale industries in India by providing them with access to financial resources,
technical expertise, and market opportunities.
• The corporation has played a crucial role in promoting entrepreneurship,
innovation, and job creation in the MSME sector, thereby fostering inclusive
economic growth and poverty reduction.
• NSIC's efforts have helped small enterprises to improve their competitiveness,
expand their market reach, and integrate into global value chains, making
them key contributors to India's industrial landscape.
ENTREPRENEURSHIP DEVELOPMENT INSTITUTE OF INDIA
The Entrepreneurship Development Institute of India (EDII) is an autonomous institution
established in 1983 with the objective of fostering entrepreneurship and promoting enterprise
development in India. Here's an overview:
1. Introduction to the Entrepreneurship Development Institute of India (EDII):
• The Entrepreneurship Development Institute of India (EDII) is a premier
institute dedicated to entrepreneurship education, research, training, and
consultancy.
• It operates as an autonomous body under the aegis of the Ministry of Skill
Development and Entrepreneurship, Government of India.
2. Objectives of EDII:
• The primary objective of EDII is to promote entrepreneurship as a key driver
of economic growth, job creation, and innovation in India.
• EDII aims to nurture entrepreneurial talent, foster a culture of
entrepreneurship, and provide support services to aspiring and existing
entrepreneurs across various sectors and segments.
3. Functions of EDII:
• Entrepreneurship Education: EDII offers various entrepreneurship
development programs, including diploma courses, certificate courses, and
executive programs, to impart knowledge and skills related to
entrepreneurship.
• Training and Capacity Building: EDII conducts training workshops, seminars,
and skill development programs to enhance the entrepreneurial competencies
of individuals and enterprises.
 • Research and Innovation: EDII engages in research and innovation activities
to generate insights, best practices, and policy recommendations for fostering
entrepreneurship and enterprise development.
• Incubation and Support Services: EDII provides incubation support to startups
and early-stage ventures through its Entrepreneurship Development Center
(EDC), offering infrastructure, mentoring, networking, and access to funding.
• Consultancy and Advisory Services: EDII offers consultancy and advisory
services to government agencies, non-governmental organizations (NGOs),
corporates, and other stakeholders on entrepreneurship-related matters.
4. Impact of EDII:
• EDII's initiatives have contributed to the promotion of entrepreneurship
culture, mindset shift, and risk-taking behavior among individuals and
communities, thereby encouraging more people to pursue entrepreneurial
ventures.
• The institute has played a significant role in fostering innovation, technology
adoption, and business excellence among startups and small enterprises,
enabling them to compete in domestic and global markets.
• EDII's outreach programs, research publications, and policy advocacy efforts
have helped in shaping entrepreneurship ecosystem development policies and
strategies at the national, regional, and local levels.
STATE LEVEL INSTITUTIONS
STATE DIRECTORATE OF INDUSTRIES AND COMMERCE
The State Directorate of Industries and Commerce is a government agency at the state level
responsible for promoting industrial and commercial development within the state. Here's an
overview:
1. Introduction to the State Directorate of Industries and Commerce:
• The State Directorate of Industries and Commerce is a department under the
state government tasked with formulating and implementing policies,
programs, and schemes to support industrial and commercial activities within
the state.
2. Objectives of the Directorate:
• The primary objective of the State Directorate of Industries and Commerce is
to foster industrial growth, enhance competitiveness, and facilitate investment
promotion in the state.
• It aims to create an enabling environment for the establishment and growth of
industries, small businesses, and commercial enterprises, thereby contributing
to economic development, job creation, and wealth generation.
3. Functions of the Directorate:
 • Policy Formulation: The Directorate formulates industrial and commercial
policies, strategies, and action plans to promote sustainable industrialization
and entrepreneurship development in the state.
• Regulation and Compliance: The Directorate implements and enforces
regulatory frameworks, licensing procedures, and compliance requirements
related to industries, trade, and commerce activities.
• Investment Promotion: The Directorate facilitates investment promotion
activities, including investor facilitation, investment promotion campaigns,
and incentives to attract domestic and foreign investments in key sectors.
• Infrastructure Development: The Directorate oversees the development of
industrial infrastructure such as industrial estates, parks, clusters, and special
economic zones (SEZs) to provide a conducive environment for industrial
growth and expansion.
• Skill Development: The Directorate promotes skill development initiatives,
vocational training programs, and entrepreneurship development schemes to
enhance the employability and entrepreneurial capabilities of the workforce.
4. Impact of the Directorate:
• The State Directorate of Industries and Commerce plays a crucial role in
driving industrialization, economic growth, and employment generation within
the state.
• It facilitates the establishment of new industries, expansion of existing
businesses, and diversification of industrial activities, contributing to sectoral
development, value addition, and export promotion.
• The Directorate's initiatives promote inclusive growth, regional development,
and balanced industrialization by focusing on the development of backward
and underdeveloped areas, sectors, and communities.
DISTRICT INDUSTRIES CENTERS
District Industries Centers (DICs) are government agencies established at the district level to
promote and facilitate industrial development and entrepreneurship. Here's an overview:
1. Introduction to District Industries Centers (DICs):
• District Industries Centers (DICs) are decentralized units of the government,
typically under the Department of Industries or Department of Micro, Small
and Medium Enterprises (MSMEs), responsible for promoting industrial
growth and entrepreneurship at the district level.
2. Objectives of DICs:
• The primary objective of DICs is to promote the development of small-scale
industries, micro-enterprises, and entrepreneurial ventures within their
respective districts.
 • DICs aim to provide a range of support services, including financial
assistance, technical guidance, training programs, and marketing support, to
aspiring and existing entrepreneurs.
3. Functions of DICs:
• Entrepreneurship Development: DICs conduct entrepreneurship development
programs, workshops, and skill development initiatives to nurture and enhance
the entrepreneurial capabilities of individuals.
• Industrial Promotion: DICs facilitate the establishment of new industries,
expansion of existing businesses, and diversification of industrial activities by
providing advisory services, project guidance, and feasibility studies.
• Financial Assistance: DICs assist entrepreneurs in accessing financial
resources through various schemes and programs, including loans, subsidies,
and incentives offered by government agencies and financial institutions.
• Technical Support: DICs provide technical guidance, consultancy services,
and technology transfer support to entrepreneurs to improve productivity,
quality, and competitiveness in their businesses.
• Marketing Assistance: DICs help entrepreneurs in identifying market
opportunities, developing marketing strategies, and accessing domestic and
international markets through exhibitions, trade fairs, and buyer-seller meets.
4. Impact of DICs:
• DICs play a pivotal role in promoting entrepreneurship, job creation, and
economic development at the grassroots level by supporting the growth of
small-scale industries and micro-enterprises.
• They contribute to poverty alleviation, income generation, and socio-economic
empowerment by providing livelihood opportunities to individuals, especially
in rural and semi-urban areas.
• DICs facilitate inclusive growth and regional development by focusing on the
needs and priorities of specific districts, sectors, and communities, thereby
fostering balanced industrialization and equitable distribution of wealth.
STATE FINANCIAL CORPORATION
State Financial Corporations (SFCs) are financial institutions established by state
governments to provide term loans, working capital assistance, and other financial services to
small and medium enterprises (SMEs) within their respective states. Here's an overview:
1. Introduction to State Financial Corporations (SFCs):
• State Financial Corporations (SFCs) are specialized financial institutions set
up under the State Financial Corporations Act of 1951 with the objective of
promoting industrial development and entrepreneurship at the state level.
 • SFCs operate as autonomous bodies, governed by their respective Boards of
Directors, and are typically registered as public sector undertakings (PSUs).
2. Objectives of SFCs:
• The primary objective of SFCs is to provide financial assistance and support
services to small and medium enterprises (SMEs) for their growth, expansion,
and modernization.
• SFCs aim to bridge the gap in access to finance for SMEs, particularly those in
sectors such as manufacturing, services, and agro-based industries, by offering
customized financial solutions tailored to their needs.
3. Functions of SFCs:
• Term Loans: SFCs provide long-term term loans to SMEs for acquiring fixed
assets such as land, buildings, machinery, and equipment, as well as for setting
up new ventures and expanding existing businesses.
• Working Capital Assistance: SFCs offer working capital loans and overdraft
facilities to SMEs to meet their short-term operational expenses, including raw
material procurement, inventory management, and debtors' financing.
• Financial Advisory Services: SFCs provide financial advisory services,
including project appraisal, feasibility studies, and investment counseling, to
assist SMEs in formulating business plans and accessing appropriate financing
options.
• Debt Restructuring and Rehabilitation: SFCs help distressed SMEs in
restructuring their debts, formulating revival plans, and implementing
rehabilitation measures to overcome financial difficulties and restore viability.
• Equity Participation: In some cases, SFCs may also participate in the equity
capital of SMEs by subscribing to shares or debentures, thereby sharing the
risks and rewards of the investment.
4. Impact of SFCs:
• SFCs play a crucial role in fostering entrepreneurship, promoting industrial
growth, and creating employment opportunities within their respective states.
• They contribute to the development of SMEs by providing them with timely
and affordable access to finance, enabling them to invest in technology
upgradation, product diversification, and market expansion.
• SFCs stimulate economic development, innovation, and competitiveness by
supporting SMEs in sectors with high growth potential, thereby contributing to
overall economic prosperity and inclusive growth.
STATE INDUSTRIAL DEVELOPMENT CORPORATION
State Industrial Development Corporations (SIDCs) are government-owned entities
established at the state level to promote industrialization, facilitate infrastructure
development, and attract investments within their respective states. Here's an overview:
1. Introduction to State Industrial Development Corporations (SIDCs):
• State Industrial Development Corporations (SIDCs) are autonomous bodies set
up by state governments to accelerate industrial growth and economic
development within their jurisdictions.
• SIDCs operate under the purview of the Department of Industries or
Department of Commerce and Industries of the respective state governments.
2. Objectives of SIDCs:
• The primary objective of SIDCs is to promote industrialization, foster
entrepreneurship, and create a conducive business environment for industrial
growth and investment within the state.
• SIDCs aim to facilitate the establishment of industrial estates, parks, and
infrastructure, provide support services to industries, and attract domestic and
foreign investments to key sectors.
3. Functions of SIDCs:
• Industrial Infrastructure Development: SIDCs undertake the development of
industrial infrastructure such as industrial estates, parks, special economic
zones (SEZs), and industrial clusters to provide ready-to-use land, facilities,
and utilities to industries.
• Investment Promotion: SIDCs promote the state as an attractive destination for
investment by showcasing its industrial potential, investment opportunities,
incentives, and supportive policies to domestic and international investors.
• Land Acquisition and Allotment: SIDCs acquire land, develop industrial plots,
and allot them to industrial units for setting up new ventures or expanding
existing operations, ensuring efficient land utilization and industrial growth.
• Financial Assistance: SIDCs provide financial assistance in the form of term
loans, working capital loans, and equity participation to industrial projects
through their investment arms or subsidiary financial institutions.
• Entrepreneurship Development: SIDCs support entrepreneurship development
initiatives, including skill development programs, training workshops, and
entrepreneurship awareness campaigns, to nurture and encourage aspiring
entrepreneurs.
4. Impact of SIDCs:
 • SIDCs play a pivotal role in driving industrialization, economic growth, and
employment generation within their respective states by facilitating the
development of industrial infrastructure and attracting investments.
• They contribute to the growth of key sectors, value addition, and technology
upgradation by providing a conducive environment for industries to flourish
and innovate.
• SIDCs stimulate regional development, balanced industrialization, and
inclusive growth by focusing on the needs and priorities of specific regions,
sectors, and communities within the state.
OTHER INSTITUTIONS
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
The National Bank for Agriculture and Rural Development (NABARD) is a specialized
financial institution established by the Government of India with the mandate of promoting
rural development and agriculture. Here's an overview:
1. Introduction to the National Bank for Agriculture and Rural Development
(NABARD):
• The National Bank for Agriculture and Rural Development (NABARD) was
established on July 12, 1982, by an Act of Parliament, as a development bank
to address the credit needs of agriculture and rural sectors in India.
• NABARD operates under the supervision of the Reserve Bank of India (RBI)
and the Ministry of Finance, Government of India.
2. Objectives of NABARD:
• The primary objective of NABARD is to promote sustainable rural
development and agriculture by providing financial and developmental
support to various stakeholders, including farmers, rural entrepreneurs, and
rural institutions.
• NABARD aims to enhance rural livelihoods, alleviate poverty, and promote
inclusive growth through targeted interventions in agriculture, rural
infrastructure, and rural credit.
3. Functions of NABARD:
• Rural Credit: NABARD provides refinance support to rural financial
institutions such as cooperative banks, regional rural banks (RRBs), and
microfinance institutions (MFIs) for extending credit to farmers, agricultural
activities, and rural non-farm enterprises.
• Rural Infrastructure Development: NABARD finances and supports the
development of rural infrastructure projects such as irrigation, rural roads,
warehousing, cold storage, and rural electrification to enhance agricultural
productivity and rural connectivity.
 • Rural Development Programs: NABARD implements various rural
development programs and schemes, including watershed development, rural
sanitation, and natural resource management, to promote sustainable rural
livelihoods and environmental conservation.
• Capacity Building: NABARD provides training, capacity building, and
technical assistance to farmers, rural entrepreneurs, and rural institutions to
improve their skills, knowledge, and capabilities in agriculture and allied
sectors.
• Research and Innovation: NABARD conducts research, studies, and pilot
projects to identify emerging trends, best practices, and innovative solutions
for addressing the challenges faced by agriculture and rural development.
4. Impact of NABARD:
• NABARD's initiatives have contributed to the growth and development of
agriculture, rural economy, and rural infrastructure, leading to improved
livelihoods, income generation, and socio-economic empowerment in rural
areas.
• The institution has played a crucial role in promoting financial inclusion,
access to credit, and rural entrepreneurship by strengthening rural financial
institutions and expanding their outreach to underserved rural areas.
• NABARD's interventions have enhanced agricultural productivity, food
security, and rural resilience by promoting sustainable agricultural practices,
water management, and natural resource conservation.
TECHNICAL CONSULTANCY ORGANISATION
A Technical Consultancy Organization (TCO) is a specialized entity that provides expert
advice, technical assistance, and consultancy services to clients in various sectors. Here's an
overview:
1. Introduction to Technical Consultancy Organization (TCO):
• A Technical Consultancy Organization (TCO) is a professional firm or agency
that offers consultancy services in specialized technical fields such as
engineering, architecture, information technology, management, and other
related disciplines.
• TCOs employ highly skilled professionals, including engineers, architects,
project managers, consultants, and domain experts, to provide customized
solutions and expertise to their clients.
2. Objectives of TCO:
• The primary objective of a Technical Consultancy Organization (TCO) is to
provide specialized technical expertise, knowledge, and support to clients in
addressing complex challenges, solving problems, and achieving their goals.
 • TCOs aim to add value to their clients' projects and initiatives by offering
innovative solutions, best practices, and strategic insights derived from their
technical competence and experience.
3. Functions of TCO:
• Consultancy Services: TCOs offer a wide range of consultancy services,
including feasibility studies, project planning, design and engineering,
technical audits, quality assurance, risk assessment, and performance
improvement.
• Project Management: TCOs provide project management services to oversee
the execution of projects, monitor progress, control costs, manage risks, and
ensure timely delivery within budget and specifications.
• Technical Assistance: TCOs offer technical assistance and support to clients in
implementing technology solutions, adopting best practices, and optimizing
their operations for improved efficiency and effectiveness.
• Training and Capacity Building: TCOs conduct training programs, workshops,
and capacity-building initiatives to enhance the skills, knowledge, and
capabilities of clients' personnel in technical domains.
• Research and Development: Some TCOs engage in research and development
activities to innovate, develop new technologies, and advance knowledge in
their respective fields, thereby contributing to industry growth and
development.
4. Impact of TCO:
• TCOs play a vital role in driving innovation, technological advancement, and
competitiveness in various sectors by providing specialized technical expertise
and solutions to clients.
• They contribute to the successful implementation of projects, infrastructure
development, and organizational transformation by offering strategic
guidance, technical support, and project management expertise.
• TCOs support economic growth, job creation, and sustainable development by
promoting efficient use of resources, adoption of advanced technologies, and
improvement of infrastructure and services.
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA
The Small Industries Development Bank of India (SIDBI) is a financial institution established
by the Government of India to promote, finance, and develop small-scale industries (SSIs) in
the country. Here's an overview:
1. Introduction to the Small Industries Development Bank of India (SIDBI):
• The Small Industries Development Bank of India (SIDBI) was established on
April 2, 1990, under the Small Industries Development Bank of India Act,
1989.
 • SIDBI operates as a principal financial institution for the promotion,
financing, and development of MSMEs (Micro, Small, and Medium
Enterprises) in India.
2. Objectives of SIDBI:
• The primary objective of SIDBI is to foster the growth and development of
MSMEs by providing them with financial assistance, promotional support, and
developmental initiatives.
• SIDBI aims to address the credit needs of MSMEs, promote entrepreneurship,
facilitate technology upgradation, and enhance the competitiveness of small
businesses in India.
3. Functions of SIDBI:
• Financial Assistance: SIDBI provides various financial products and services
to MSMEs, including term loans, working capital finance, project finance, and
bill discounting, through direct lending and refinancing schemes.
• Refinancing: SIDBI refinances loans extended by commercial banks, regional
rural banks (RRBs), and other financial institutions to MSMEs, thereby
augmenting their credit flow to the small-scale sector.
• Developmental Initiatives: SIDBI undertakes various developmental initiatives
such as entrepreneurship development programs, skill development initiatives,
and technology upgradation schemes to support the growth and
competitiveness of MSMEs.
• Promotion and Advocacy: SIDBI promotes MSMEs through advocacy
campaigns, awareness programs, and promotional activities to highlight the
importance of the small-scale sector in the Indian economy and society.
• Credit Guarantee: SIDBI operates credit guarantee schemes such as Credit
Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to provide
credit risk cover to lenders against defaults by MSME borrowers.
4. Impact of SIDBI:
• SIDBI's interventions have contributed significantly to the growth and
development of MSMEs in India by providing them with timely and
affordable access to finance, technology, and market linkages.
• The institution has played a pivotal role in promoting entrepreneurship,
innovation, and job creation in the MSME sector, thereby fostering economic
growth, poverty reduction, and inclusive development.
• SIDBI's initiatives have helped in improving the overall competitiveness,
productivity, and sustainability of MSMEs, making them vital contributors to
India's industrial landscape and economic prosperity.